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Sold on 01 Dec 2023 for $1,180,000

4 Kimian Avenue
Waratah West NSW 2298

Bedrooms: 4
Bathrooms: 4
Car spaces: 4
Floor area: 180m2
Land area: 616m2
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Property Details for 4 Kimian Ave, Waratah West

4 Kimian Ave, Waratah West is a 4 bedroom, 4 bathroom BlockOfUnits with 4 parking spaces. The property has a land size of 616m2 and floor size of 180m2. While the property is not currently for sale or for rent, it was last sold in December 2023. There are other 4 bedroom BlockOfUnits sold in Waratah West in the last 12 months.

Building Type
BlockOfUnits
Floor Size
180m2
Land Size
616m2
Local Government
Newcastle
Lot/Plan
361/DP1132133

Last Listing description (December 2023)

Solid block of 4 x 1 bedroom, purposely built investment units, currently returning $65,000 per annum with secure leases in place from July through to September 2024. Situated on a generous block of 616m2, which also features 2 x double carports providing a car space for each unit, ensuring that parking should never be an issue.

Built in approx 1966, the Brick & Tile unit block exudes original 60's character and charm, while also offering some upgrades for modern conveniences. The units also provide an open plan layout, perfect for singles and couples seeking minimalist living space.

Located in the sought-after suburb of Waratah West, this property offers easy access to a range of amenities and is virtually across the road from Newcastle University, nearby you'll find public schools, parks, Jesmond Central, and public transport options, ensuring that everything your tenants require is within reach.

Don't miss out on this incredible opportunity to own your own block of units so close to Newcastle University.

Contact us today to arrange a private inspection or to find out more about this fantastic property. Act fast, as opportunities like this don't come around often!

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Property History for 4 Kimian Ave, Waratah West, NSW 2298

A timeline of how this property has performed in the market
Last Sold
$1,180,000
01 Dec 2023
Listed for Rent
$350/w
18 Sep 2023
  • 17 Nov 2023
    Sold for $1,180,000
  • 20 Sep 2023
    Listed for Sale UNDER CONTRACT
  • 29 Aug 2023
    Listed for Rent $350 / week
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About Waratah West 2298

The size of Waratah West is approximately 1.7 square kilometres. It has 11 parks covering nearly 25.8% of total area. The population of Waratah West in 2011 was 2,676 people. By 2016 the population was 3,000 showing a population growth of 12.1% in the area during that time. The predominant age group in Waratah West is 20-29 years. Households in Waratah West are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Waratah West work in a professional occupation. In 2011, 60.4% of the homes in Waratah West were owner-occupied compared with 55.6% in 2016.

Waratah West has 1,349 properties. Over the last 5 years, Houses in Waratah West have seen a 71.15% increase in median value, while Units have seen a 42.01% increase. As at 30 September 2024:

  • The median value for Houses in Waratah West is $843,614 while the median value for Units is $593,734.
  • Houses have a median rent of $590 while Units have a median rent of $545.
There are currently 4 properties listed for sale, and 4 properties listed for rent in Waratah west on OnTheHouse. According to CoreLogic's data, 79 properties were sold in the past 12 months in Waratah west.

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Tony Tolazzi
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Raine & Horne Newcastle
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