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NSW › Merewether › Park St

11 & 11a Park St, Merewether NSW 2291

For saleHouse

$3,400,000–$3,700,000

For sale

Asking range

6

Bedrooms

3

Bathrooms

2

Car spaces

690.49 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $3,400,000–$3,700,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $3,400,000–$3,700,000(Listing record · 5 Aug 2026)
  • CalculationRecorded House sales in Merewether (last 5 years) with land size: median $4,028/m² of land (n=75). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)
  • CalculationAsk is 79% above the Merewether median recorded sale ($1,900,000, n=49, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Merewether's advertised median rent ($703/wk), implied gross yield would be 1.08% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

The ask against the evidence

Asking

$3,400,000–$3,700,000

Asking range · $4,924/m² of land

No recorded sale for this property.

Local land rate: recorded House sales in Merewether (last 5 years) with land size have a median of $4,028/m² of land (n=75). Districts calculation from recorded sales — not a valuation.

Merewether at a glance

11,903

People

$1,900,000

Median sale

$703/wk

Median rent

1.92%

Suburb gross yield

Median sale from 49 recorded sales (last 12 months) — a Districts calculation.

See the full Merewether report →

Vs Merewether

+78.9%

Median sale

Suburb $1,900,000

-0.84 pp

Gross yield

Suburb 1.92%

Suburb median $1,900,000 from 49 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Based on the low end of the asking range, not a contract price.

Purchase Price
$3,400,000
Stamp Duty (New South Wales)
$169,012
Transfer/Registration Fee
$167
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$3,572,879

$172,879 on top of the price (5.1% extra)

  • Stamp Duty (New South Wales)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: New South Wales schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Based on the low end of the asking range, not a contract price.

Pre-filled with Merewether's advertised median rent — not a rent for this listing.

Net yield
-0.42%
Annual cashflow (pre-tax)
$-191,244
Interest cover (DSCR)
-0.08
Annual rent
$36,556
Operating expenses
$51,000
Loan amount
$2,720,000
Annual interest
$176,800
Gross yield
1.08%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$3,400,000–$3,700,000available5 Aug 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

NSW

Why this lot, not just this suburb

Why could this property outperform?

Planning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $703/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 1.1%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. NSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    NSW Valuer General land values are not loaded for this property yet.

  • Net yield / holding costs

    Unknown

    NSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.

Area

Merewether in one glance

Merewether at a glance

11,903

People

$1,900,000

Median sale

$703/wk

Median rent

1.92%

Suburb gross yield

Median sale from 49 recorded sales (last 12 months) — a Districts calculation.

See the full Merewether report →

Keep researching

  • Why Merewether? Read the area thesis →
  • What else is on the market in Merewether →
  • Other records on Park St →

Listing material

Listed by Clarke & Co Estate Agents

COASTAL CONVENIENCE IN THE HEART OF MEREWETHER!

Property Highlights:

- Two beautifully presented residences set on a 690.49 sqm block just 400m from the iconic Merewether Beach

11 Park Street

Read the full description

- Fujitsu ducted air conditioning, timber flooring, wool carpet upstairs, LED downlights, roller blinds and a crisp neutral paint palette

- A separate lounge room with a study nook plus open plan living and dining with a high ceiling, generous storage, a gas bayonet and alfresco access

- Gourmet kitchen with 20mm Caesarstone benchtops, an island bench with a breakfast bar, soft close cabinetry, brass fixtures, gas cooking and premium appliances

- Main bedroom with a spacious walk-in robe, plus two upstairs bedrooms

- A stylish ensuite and main bathroom, both with 20mm Caesarstone topped floating vanities, brass fixtures and showers with rain showerheads, plus a bathtub to the main

- Timber deck alfresco overlooking the low maintenance fully fenced yard

- Separate single car garage servicing the property

11a Park Street

- Hybrid flooring and roller blinds throughout

- Open plan living and dining with split system air conditioning, opening onto the timber deck alfresco

- Kitchen with 40mm benchtops, induction cooking and quality appliances

- Three bedrooms, all with mirrored built-in robes

- Bathroom with a shower, a vanity, a toilet and space for the laundry

- Low maintenance grassed yard

- Separate single car garage servicing the property

Outgoings:

Council Rates: $5,560 approx. per annum

Water Rates: $963.93 approx. per annum

Rental Return:

11 Park Street - $1,500 approx. per week

11A Park Street - $850 approx. per week

Set on an expansive 690.49sqm parcel just 400 metres from Merewether Beach, this exceptional property presents a rare opportunity to secure two separate homes on one title in one of Newcastle's most prestigious coastal suburbs. Beautifully updated, the front residence delivers stylish family living, while the three bedroom home at the rear provides outstanding flexibility for extended family or an exceptional investment.

Enjoy an unbeatable coastal lifestyle with Merewether Beach, the iconic ocean baths, Surf Club and a vibrant selection of cafés, restaurants and bars all within an easy walk or bike ride. Newcastle's city centre is only a 10 minute drive away, placing world class dining, entertainment and everyday conveniences comfortably within reach.

From the street, the charming weatherboard and Colorbond roof façade is framed by a lovely front garden and a welcoming covered porch, while side access leads through to a separate double garage positioned in the yard.

Stepping into the primary residence, timber flooring, crisp neutral tones, LED downlights, roller blinds and Fujitsu ducted air conditioning create an inviting first impression, while plush wool carpet adds comfort upstairs. Positioned at the front of the home, the lounge room features a handy study nook before flowing through to the open plan living and dining area, where a high ceiling, generous storage, a gas bayonet, block out curtains and a sliding door connects seamlessly to the alfresco.

Sure to impress, the beautifully appointed kitchen showcases 20mm Caesarstone benchtops, an island bench with breakfast bar seating, an undermount twin basin, soft close cabinetry, brass fixtures and a subway tiled splashback. Quality appliances include a Westinghouse oven and a four burner gas cooktop with an integrated rangehood, delivering a space that is as functional as it is stylish.

Positioned at the entrance of the home, the main bedroom offers a spacious walk-in robe and a beautifully finished ensuite featuring floor to ceiling tiles, a 20mm Caesarstone topped floating vanity, brass fixtures and a shower with a rain showerhead and a ledge. Upstairs, two spacious bedrooms are finished with luxurious wool carpet, providing comfortable accommodation for family or guests.

Continuing the home's high standard of finishes, the main bathroom is complete with a back to wall freestanding bath, a 20mm Caesarstone topped floating vanity, brass fixtures and a shower with a rain showerhead. Completing the home, the well appointed laundry is fitted with a 20mm Caesarstone benchtop, an undermount basin and a tiled splashback.

Outside, a timber alfresco deck with power access overlooks the fully fenced, low maintenance backyard, creating the perfect outdoor space to relax or entertain.

Positioned at the rear, 11A Park Street welcomes you with a covered wraparound timber porch, hybrid flooring and roller blinds throughout. The living and dining area sits at the entrance and includes a Carrier split system air conditioner, with a sliding door opening onto the alfresco.

The kitchen is fitted with 40mm benchtops and quality appliances including a Chef oven, a Chef induction cooktop with an integrated rangehood and a Dishlex dishwasher. All three bedrooms include built-in robes, while the bathroom offers a vanity, a shower, a toilet and space for the laundry. Outside, a low maintenance yard completes this highly versatile second residence.

Whether you're searching for a premium investment, accommodation for extended family or a unique opportunity with future potential, properties offering this level of flexibility in such a prized coastal setting are exceptionally rare. With a large amount of interest expected from near and far, we encourage our clients to contact the team at Clarke & Co Estate Agents without delay to arrange their inspections.

Why you'll love where you live;

- A highly prized Merewether address within moments of the Beach

- Start your day with an ocean swim and end it with a sundowner at the iconic Merewether Surfhouse, within walking distance from home

- A short drive or a casual stroll to the cafes and retail offerings at The Junction

- An easy drive or cycle to Newcastle CBD, restaurants, cafes and all the sights of the city

Visit the property webbook for more details: https://tinyurl.com/11-11a-ParkSt

Listing description written by Nick Clarke, Clarke & Co Estate Agents — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Built-in Robes
  • Deck
  • Dishwasher
  • Ensuites: 1
  • Fully Fenced
  • Living Areas: 3
  • Study
  • Toilets: 3
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.