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Overview
This north-facing top-floor studio apartment represents a practical and affordable entry into the Newcastle CBD property market. Positioned within a well-established and popular residential complex, the studio features an ensuite bathroom, making it suitable for a variety of accommodation needs, such as single professionals, students, or investors seeking reliable tenant demand.
Residents benefit from convenient shared facilities that enhance the living experience beyond the individual unit's compact footprint. Two resident lounges equipped with Fox TV connectivity provide spaces for relaxation and socialising, while a spacious dining room and study area encourage community interaction and focus.
The development's commercial kitchen is a valuable asset for residents preferring to cook in a communal setting, complemented by freezer and cool rooms plus individual pantries for personal food storage. The presence of a full-time on-site manager/caretaker adds a layer of security and ensures timely maintenance, contributing to a well-managed community atmosphere.
Strategically located, the studio offers easy access to the University Campus within a five-minute walk and is equally close to Newcastle Harbour and the Civic and Mall precincts. This prime location enhances lifestyle convenience and potential for tenants.
While the property size is under 20 square metres, presenting potential financing challenges, its appeal to tenants is evident with rental returns upwards of $250 per week on minimum three-month leases. This makes it a compelling option for investors or owner-occupiers seeking inner-city proximity with manageable commitments.
- Ideal for owners or tenants prioritising location and shared amenities over space.
- Well-maintained facilities foster a community feel uncommon in comparable studio accommodations.
- On-site management provides peace of mind and operational efficiency.
Local Market Insights
In Newcastle, Quiet Listings observed 6 new units entering the market over the last 30 days, up from 5 during the previous 30-day period, with an average advertised asking price of $1,379,167. The property type mix of listed properties is predominantly Apartments at 61%, followed by units (15%), and houses (15%). Green St Property was the most active agency in this area, representing 23.1% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Newcastle NSW 2300
Market Insights for Newcastle NSW 2300
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