OFF MARKET

1-6/30 Union Street
Wickham NSW 2293

Bedrooms: 12
Bathrooms: 11
Car spaces: 6
Land area: 850m2
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Last updated 11 Nov 2024
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Property Details for 1-6/30 Union St, Wickham

1-6/30 Union St, Wickham is a 12 bedroom, 11 bathroom Unit with 6 parking spaces. The property has a land size of 850m2.

Building Type
Unit
Land Size
850m2
Local Government
Newcastle

Last Listing description (November 2023)

Why invest in just one home when you can score a whole row of 6? These 6 fantastic 2 bedroom, 2 bathroom townhouses are spread across 2 street frontages on a generous 850sqm inner city block. It's like having a winning hand in the real estate game.

For savvy investors, all are currently tenanted. They're all decked out with modern features like air-conditioning, single garages, sleek Caesarstone and gas kitchens, and spacious courtyards for outdoor fun. These low-maintenance homes are the very definition of set-and-forget. You can keep things as they are or think about strata titling each one for potential future sales.

Now, let's talk about the bigger picture. The Wickham Masterplan 2021 (Updated Version) has tagged this spot as a potential redevelopment goldmine. The surrounding area is already booming with new activity, and this location and neighbouring blocks have been targeted for future redevelopment, providing new services, new businesses and greater amenity. The dynamic planning combined with massive development investment will accelerate your capital gain potential.

But it's not just about numbers and possibilities. This address is the real deal for inner-city living. You've got Honeysuckle and the city practically on the doorstep, offering waterfront dining, harbour adventures, and a collection of cool cafes and fancy restaurants for your daily fix of caffeine and gourmet cuisine. Plus, you're just a stone's throw away from trams and trains at Newcastle Interchange. This spot is the definition of city living made easy. The information memorandum is available on request.

- 6 x 2-bed, 2-bath, 1-car townhomes, some with two living areas, all with courtyards
- Single title 850sqm landholding zoned B4 Mixed Use
- L-shaped block with approx frontages of 12.23m to Union Street, 47.32m to Lindus Street
- This location is identified as potential for redevelopment & is not in a mine affected area
- 350m to Newcastle Interchange for trains, trams and buses
- 9 mins to Bar Beach and Nobbys Beach and lighthouse, 10 mins to Merewether Beach and surf break

Property History for 1-6/30 Union St, Wickham, NSW 2293

A timeline of how this property has performed in the market
  • 31 Oct 2023
    Listed for Sale EOI Close 30/11/23 @ 5pm if not sold prior

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About Wickham 2293

The size of Wickham is approximately 0.7 square kilometres. It has 3 parks covering nearly 17.7% of total area. The population of Wickham in 2011 was 953 people. By 2016 the population was 1,108 showing a population growth of 16.3% in the area during that time. The predominant age group in Wickham is 20-29 years. Households in Wickham are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Wickham work in a professional occupation. In 2011, 44.8% of the homes in Wickham were owner-occupied compared with 43.3% in 2016.

Wickham has 1,668 properties. Over the last 5 years, Houses in Wickham have seen a 56.36% increase in median value, while Units have seen a 24.32% increase. As at 31 October 2024:

  • The median value for Houses in Wickham is $1,059,227 while the median value for Units is $773,182.
  • Houses have a median rent of $680 while Units have a median rent of $700.
There are currently 14 properties listed for sale, and 2 properties listed for rent in Wickham on OnTheHouse. According to CoreLogic's data, 78 properties were sold in the past 12 months in Wickham.

Suburb Insights for Wickham 2293

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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.