Newcastle at a glance
5,227
People
$1,142,500
Median sale
$766/wk
Median rent
3.49%
Suburb gross yield
Median sale from 6 recorded sales (last 24 months) — a Districts calculation.
$1,500,000
Last sold
21 Jan 2022
4
Bedrooms
1
Bathrooms
2
Car spaces
175.9 m²
Land
Districts View
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
Last sold
$1,500,000
21 Jan 2022 · derived via latest_sale
Newcastle at a glance
5,227
People
$1,142,500
Median sale
$766/wk
Median rent
3.49%
Suburb gross yield
Median sale from 6 recorded sales (last 24 months) — a Districts calculation.
Vs Newcastle
+31.3%
Median sale
Suburb $1,142,500
-0.83 pp
Gross yield
Suburb 3.49%
Suburb median $1,142,500 from 6 recorded sales (last 24 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
Newcastle Local Environmental Plan 2012
Zone
Mixed Use
MU1
Jurisdiction
Newcastle
Newcastle, NSW
Data unavailable
Source
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 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 exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
The official layer maps a heritage listed area on this parcel, intersecting about 99.7% of it (NSW ePlanning Spatial Viewer, retrieved 31 Aug 2026). Verify the extent against the title before relying on unaffected land.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
NSWZoned Mixed Use · MU1 (Newcastle Local Environmental Plan 2012). Official parcel area about 179 m². Dual occupancy looks constrained by site overlays or terrain. Two-lot subdivision looks unlikely on the loaded constraints. This is a screen, not a planning certificate. Zoning and lot facts are a starting point, not proof this lot outperforms the suburb. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Heritage constraint may block demolition or dual occupancy even on a large block. Minimum lot size is not loaded, so two-lot subdivision is not confirmed. The listing may look cheap relative to land or the street. What reduces it: Conservation Area - General. Heritage can block demolition and dual occupancy even when land size looks like a site. NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.
Rental
No advertised rent is recorded. Suburb median rent $766/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms. Heritage constraints are a maintenance and alteration cost, not usually a rent premium by themselves.
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.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. NSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.
Verdict
Districts view
Loaded constraints look like they kill a naive land-size story. Pay house money, or walk, until a planner confirms a pathway.
Detail
The listing may look cheap relative to land or the street. What reduces it: Conservation Area - General. Heritage can block demolition and dual occupancy even when land size looks like a site.
Nearby competing dwellings and net yield are still unknown.
Evidence
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.
3 of 10 questions answered so far
Development optionality of this lot
KnownmediumZoned Mixed Use · MU1 (Newcastle Local Environmental Plan 2012). Official parcel area about 179 m². Dual occupancy looks constrained by site overlays or terrain. Two-lot subdivision looks unlikely on the loaded constraints. This is a screen, not a planning certificate.
Nearby development pipeline
UnknownNSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.
Honest achievable rent
KnownlowThis 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
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
KnownmediumThe listing may look cheap relative to land or the street. What reduces it: Conservation Area - General. Heritage can block demolition and dual occupancy even when land size looks like a site.
Lot-level flood
UnknownFlood overlay has not been queried for this lot. Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownNo DA adapter returned applications for this parcel.
Statutory land value versus ask
UnknownNSW Valuer General land values are not loaded for this property yet.
Net yield / holding costs
UnknownNSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.
Area
Newcastle at a glance
5,227
People
$1,142,500
Median sale
$766/wk
Median rent
3.49%
Suburb gross yield
Median sale from 6 recorded sales (last 24 months) — a Districts calculation.
Listing material
Listed by Presence Real EstateFrom the moment you walk in the front door, this truly unique property has the feel of a New York city living space - but is it still possible to have cityscape views, 3 balconies and 3 levels of living space that, with a little vision and a lot of passion, could become one of the most coveted properties in the Newcastle / Cooks Hill precinct?
Turn this 4-bedroom masterpiece into a one of a kind, inner city sanctuary in one of the best streets in town – just foot steps from Darby street, City Hall, The New University building, The Conservatorium of Music and the Honeysuckle River precinct all in a surprisingly quiet street.
With an address spanning two of the most prestigious suburbs in town - Newcastle and Cooks Hill - this property really is in an enviable location. Just minutes walk to the city heart, to the Honeysuckle dining precinct and to a wide selection of ever evolving restaurants, wine, whisky and gin bars. You are a 10-minute stroll to the iconic Civic Theatre or 3 minutes to the Newcastle Art Gallery when you want to get your culture on.
This property offers endless options and opportunities if you have a little imagination and an eye for style. Take advantage of the existing design features including original cornices, exposed brick walls and high ceilings and develop the home to your exacting taste. The lower front balcony is huge and looks towards the harbor. You will LIVE out here – drinking in your view with a drink in hand. The upper balcony opens off the two upstairs bedrooms both offering a room with a view.
If you have a love of renovation or simply the ability to see potential then this property is for you. With land size of 176m2 and rare block width for the inner city this home provides 301sqm of living space across all of its levels with ample space to build, renovate or extend.
* Incredibly central yet quiet street in the heart of the Newcastle CBD
* Three balconies – two looking towards the harbor and one at the back of the property overlooking the blue chip suburb of Cooks Hill
* 3 levels of space to develop in your own style
* 4 bedrooms and two separate living spaces
* Gorgeous original design features that just need to be revived and refreshed
* Parking for 2 cars – this alone worth its weight in gold in the inner city
* Two entrances – one from Gibson St in Newcastle and one from Charles St in Cooks Hill
* Minutes to beaches, inner city restaurants and wine bars, theatres and galleries
* Possibility to turn level 1 bedroom into separate Airbnb property
* Large storage room for the standup paddle board, bikes, and of course the surfboards
* Commercially friendly zoning allow provision for a mixed use office design and fit out on the ground level, a rare find and increasingly sought after in todays business culture
* Remarkable existing plans for beautifully designed remodel of the existing structure including a roof top living space and garden / deck combination
Outgoings
Council rates: $2,649.40 approx per annum
Water rates: $736.62 approx per annum
*Health & Safety Measures are in Place for Open Homes & All Private Inspections
*All inspection attendees will have to answer a health and safety survey to qualify for the inspection of the property
Disclaimer:
All information contained herein is gathered from sources we deem reliable. However, we cannot guarantee its accuracy and act as a messenger only in passing on the details. Interested parties should rely on their own enquiries. Some of our properties are marketed from time to time without price guide at the vendors request. This website may have filtered the property into a price bracket for website functionality purposes. Any personal information given to us during the course of the campaign will be kept on our database for follow up and to market other services and opportunities unless instructed in writing.
Listing description written by Russell Dawson, Presence Real Estate — reproduced as published, not verified by Districts.