FOR SALE

4/42 Lemnos Parade
The Hill NSW 2300

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 55m2
Land area: 746m2
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Property Details for 4/42 Lemnos Pde, The Hill

4/42 Lemnos Pde, The Hill is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1970. The property has a land size of 746m2 and floor size of 55m2.This Property is currently listed for sale with Ray White Newcastle Lake Macquarie

Building Type
Unit
Year Built
1970
Floor Size
55m2
Land Size
746m2
Local Government
Newcastle
Lot/Plan
4/SP91760

Last Listing description (August 2024)

Discover the essence of vibrant city living with this stunning 2-bedroom unit located in the highly sought-after area of The Hill, right in the heart of Newcastle CBD. Offering unparalleled convenience with beaches, cafes, and everything Newcastle has to offer just moments away, this property represent the pinnacle of inner-city living.

Key Features:
Modern Elegance: featuring a beautifully renovated kitchen with sleek stone benchtops, stainless steel appliances including a dishwasher, and space for an under-counter front loader washing machine.

Bright & Airy Living Spaces: The open-plan living area is accentuated by a natural colour palette of crisp white walls and mocha-colored tiles throughout, providing a timeless and sophisticated atmosphere. The main living quarters offer a gorgeous elevated outlook onto the city with a door to access your own private balcony.
Stylish Renovations: Recently updated from top to bottom, this gorgeous home offers contemporary charm with nothing left to do except move in and enjoy.
Trendy Bathroom: Boasts a striking bathroom with feature wall subway tiling, reflecting the latest design trends.
Comfortable Bedrooms: Plush carpet enhances the comfort of the generously sized bedrooms.
Off-Street Parking: Enjoy the convenience of designated undercover off-street parking and additional private storage room for ample storage
Boutique Development: Located in a well-maintained boutique complex of only 6 units, the building has undergone significant renovations, including a modern facade with dark blue painted brick, a walkway bridge to the front entrance, and upgraded common areas with glass balustrades, fresh carpet, and modern pendant lighting in the entrance.

Lifestyle Benefits:
Prime Location: Set high on The Hill, you'll experience the best of both worlds-beachside living and inner-city convenience.
Holiday Every Day: Enjoy a morning walk along Newcastle Memorial Walk, with its stunning coastal views and beautiful evening lights. Grab a coffee from Swell Kiosk at Bar Beach, just a short walk away, and take a refreshing dip in the ocean. Relax with weekend picnics in King Edward Park or explore the lively bars and cafes on cosmopolitan Darby Street.
Investment Opportunity: These units are currently returning $500 per week (expired lease), making them a perfect investment property, or an ideal future home for those seeking the ultimate lifestyle and convenience.

Contact Mel Payne today and find out first hand why these gorgeous properties offer the ultimate lifestyle.

Strata Rates: $1,143.80 per quarter approx
Rental Appraisal: $590 - $630 per week

Disclaimer: We have obtained this property information from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective buyers are advised to carry out their own investigations.

Property History for 4/42 Lemnos Pde, The Hill, NSW 2300

A timeline of how this property has performed in the market
Last Sold
$398,000
11 Dec 2014
Listed for Rent
$410/w
20 May 2020
  • 21 Aug 2024
    Listed for Sale $610,000 - $640,000
  • 28 Apr 2020
    Listed for Rent $410 / week
  • 04 Dec 2019
    Listed for Rent $435 / week
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About 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 1,418 properties. Over the last 5 years, Houses in The Hill have seen a 54.91% increase in median value, while Units have seen a 32.96% increase. As at 31 July 2024:

  • The median value for Houses in The Hill is $2,113,630 while the median value for Units is $790,430.
  • Houses have a median rent of $475 while Units have a median rent of $500.
There are currently 11 properties listed for sale, and 6 properties listed for rent in The hill on OnTheHouse. According to CoreLogic's data, 50 properties were sold in the past 12 months in The hill.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.