OFF MARKET

16 Olearia Crescent
Warabrook NSW 2304

Bedrooms: 8
Bathrooms: 3
Car spaces: 4
Floor area: 210m2
Land area: 725m2
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Last updated 16 Dec 2024
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Property Details for 16 Olearia Cres, Warabrook

16 Olearia Cres, Warabrook is a 8 bedroom, 3 bathroom House with 4 parking spaces and was built in 1995. The property has a land size of 725m2 and floor size of 210m2. While the property is not currently for sale or for rent, it was last sold in March 2021.

Building Type
House
Year Built
1995
Floor Size
210m2
Land Size
725m2
Local Government
Newcastle
Lot/Plan
70/DP826444

Last Listing description (April 2021)

This modern brick & tile family home has been seamlessly converted into an 8 bedroom residence making it the perfect heigh yielding investment. Each bedroom is equipped with a bed, wardrobe & desk for each tenant along with spacious living areas, oversized kitchen & outdoor entertaining area. Returning $1,450 p/week or $75,400 p.a with minimal outgoings, makes this a very attractive investment.

- 8 Bedrooms, 4 with built in robes
- Formal lounge area & 3 separate bathrooms

- Expansive outdoor entertaining area
- Short walk to Newcastle University, Train Station & Shopping Centre

Property History for 16 Olearia Cres, Warabrook, NSW 2304

A timeline of how this property has performed in the market
Last Sold
$795,000
09 Mar 2021
Listed for Rent
$180/w
16 Apr 2021
  • 09 Mar 2021
    Sold for $795,000
  • 23 Feb 2021
    Listed for Sale $695,000- $745,000
  • 01 Oct 2020
    Listed for Rent $180 / week
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About Warabrook 2304

The size of Warabrook is approximately 1.5 square kilometres. It has 7 parks covering nearly 18.4% of total area. The population of Warabrook in 2011 was 2,091 people. By 2016 the population was 1,973 showing a population decline of 5.6% in the area during that time. The predominant age group in Warabrook is 20-29 years. Households in Warabrook are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Warabrook work in a professional occupation. In 2011, 67% of the homes in Warabrook were owner-occupied compared with 61.9% in 2016.

Warabrook has 1,026 properties. Over the last 5 years, Houses in Warabrook have seen a 79.60% increase in median value, while Units have seen a 39.89% increase. As at 30 November 2024:

  • The median value for Houses in Warabrook is $947,048 while the median value for Units is $576,491.
  • Houses have a median rent of $645 while Units have a median rent of $540.
There are currently no properties listed for sale, and 1 property listed for rent in Warabrook on OnTheHouse. According to CoreLogic's data, 28 properties were sold in the past 12 months in Warabrook.

Suburb Insights for Warabrook 2304

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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.