45 Nesca ParadeThe Hill NSW 2300
Property Details for 45 Nesca Pde, The Hill
45 Nesca Pde, The Hill is a 12 bedroom, 4 bathroom House and was built in 1965. The property has a land size of 619m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 12 bedroom House sold in The Hill in the last 12 months.
Last Listing description (November 2024)
Elevated up on Nesca Parade, this tri-level property is immersed in the most incredible views stretching all the way from the ocean to Newcastle Harbour across the city to the mountains beyond and west to Mount Sugarloaf. Prepare to be captivated by the vistas that are magical by day and dazzling by night, with epic sunsets painting the sky each evening.
Currently configured as three x four bedroom, one bathroom units, with a single garage each plus a separate storeroom, your options here are as varied and as exciting as the panoramic views that await you.
As an investor, you might wish to adopt an 'as-is' approach benefitting from a lucrative rental stream of $112,320 per annum when fully let. There's also the option to renovate and strata each unit, increasing rent or on-selling to new investors or keen owner-occupiers.
Beyond this, the sizable 619.7sqm block presents a golden opportunity to be turned into a stunning trophy home befitting the mesmerising views. Or why not extract maximum value from the block with an ultra-contemporary duplex? The choice is ultimately yours subject to council approval of course.
The prime location enhances the allure. From catching waves at Bar Beach to leisurely walks or a picnic at King Edward Park, coffee dates on Darby Street, or a dip in the Bogey Hole-everything's a stone's throw away from here.
- 619.7sqm block elevated up from the street to capture epic views
- Approx. block dimensions of 15.7m/15.9m X 41.02m/40.28m, zoned R2
- 3 x 4-bed, 1-bath, 1 garage units, plus storeroom with bathroom, all on one title
- Current returns of $119,080 pa when fully let; two of the three currently leased
- 650m to Harris Farm, Genesis Gym, Cooks Hill Medical suites
- 1500m to Bar Beach, 1200m to The Bogey Hole, 2.2km to Newcastle Interchange
Property History for 45 Nesca Pde, The Hill, NSW 2300
- 24 Oct 2024Sold
- 20 Mar 2024Listed for Sale $2,400,000 - $2,600,000
- 25 Jul 2018Listed for Rent $475 / week
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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 1,384 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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