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Overview
Positioned on the coveted Kenrick Street in Merewether, this distinctive brick home offers a rare opportunity for buyers seeking an original property with vast potential. Its unrenovated state presents a perfect blank canvas, where a thoughtful renovation or extension could unlock significant value in a highly sought-after location.
Boasting three spacious king-sized bedrooms and a large central living area complemented by a separate dining room, the home’s high ceilings and original features exude timeless charm and architectural character. The functional layout encourages versatility, with options to either restore the home's classic appeal or adapt it to a contemporary open plan design, taking full advantage of the generous north-to-rear backyard.
Additionally, the property’s unique dual-street access, located on the corner of Kenrick and Ravenshaw Streets, enhances development possibilities. This includes potential for a lucrative knock-down and rebuild dual-occupancy project, subject to council approval (STCA), appealing notably to renovators or builders seeking a premium address.
- Prime position close to The Junction's vibrant cafes, boutiques, and lifestyle amenities.
- Proximity to esteemed local schools including Hamilton South Public and Newcastle Grammar.
- Convenient access to Newcastle CBD, shopping precincts like Marketown and Darby Street, as well as beautiful beaches perfect for daily swims.
- Functional features include air conditioning, fireplace, secure parking, balcony, and a fully fenced yard.
This property suits discerning buyers ready to craft a personalised home in a blue-chip locale, offering a blend of location prestige, lifestyle convenience, and scope for substantial transformation or redevelopment.
Local Market Insights
In Merewether, Quiet Listings observed 7 new houses entering the market over the last 30 days, down from 24 during the previous 30-day period, with an average advertised asking price of $2,107,143. The property type mix of listed properties is predominantly Houses at 44%, followed by townhouses (22%), and units (11%). Salt Property was the most active agency in this area, representing 28.6% 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
Merewether NSW 2291
Market Insights for Merewether NSW 2291
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