1 Armitage StreetThe Hill NSW 2300
Property Details for 1 Armitage St, The Hill
1 Armitage St, The Hill is a 4 bedroom, 4 bathroom Unit with 4 parking spaces and was built in 1970. The property has a land size of 594m2.
Last Listing description (December 2018)
Positioned perfectly in a quiet cul-de-sac directly fronting Nesca Park and capturing pleasant district views, these four one-bedroom apartments are to be sold in one line presenting as a rare investment/development opportunity not to be missed. Situated on a elvated allotment of 569sqm, all apartments feature identical layouts with neat and tidy interiors and plenty of natural light.
With its sought-after location between the cafes and boutiques of Darby Street and miles of pristine beach, this site has huge potential for value adding and is perfect for refurbishment or redevelopment (STCA).
- 4 x 1-bedroom apartments on total block of 569sqm
- Good original condition with potential to capitalise with a cosmetic revamp
- Open plan layout encompassing an open plan layouts to kitchen and lounge
- Carports and shared laundry under the apartments
- A prime investment opportunity appealing to SMSF
- Stroll to Darby Street cafes and Newcastle CBD. Minutes to the beachfront and King Edward park
- Current rental return of $53,040.00 PA
Property History for 1 Armitage St, The Hill, NSW 2300
- 10 Oct 2018Listed for Sale $1,000,000 - $1,100,000
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0About The Hill 2300
The size of The Hill is approximately 0.6 square kilometres. It has 9 parks covering nearly 25.7% of total area. The population of The Hill in 2011 was 1,716 people. By 2016 the population was 1,940 showing a population growth of 13.1% in the area during that time. The predominant age group in The Hill is 20-29 years. Households in The Hill are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in The Hill work in a professional occupation. In 2011, 46.9% of the homes in The Hill were owner-occupied compared with 44.7% in 2016.
The Hill has 1,385 properties. Over the last 5 years, Houses in The Hill have seen a 51.91% increase in median value, while Units have seen a 27.37% increase. As at 31 October 2024:
- The median value for Houses in The Hill is $2,081,644 while the median value for Units is $772,660.
- Houses have a median rent of $530 while Units have a median rent of $530.
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