8 Algona RoadCharlestown NSW 2290
Property Details for 8 Algona Rd, Charlestown
8 Algona Rd, Charlestown is a 6 bedroom, 3 bathroom House with 3 parking spaces. The property has a land size of 758m2. While the property is not currently for sale or for rent, it was last sold in May 2024.
Last Listing description (October 2024)
An outstanding opportunity exists for investors to take full advantage of this property's diverse multiple-dwelling footprint and prime Charlestown location.
Presenting versatile options for family living or home and income, the large main home boasts air-conditioned living areas, plantation shutters, versatile flooring and well-equipped kitchens.
A separate two-bedroom granny flat sits at the property's rear and was constructed in 2020, boasting up-to-the-minute style and also featuring a living room with split-system air-conditioning and a glossy kitchen.
Each of these dwellings are crisply presented throughout and offer lock-and-leave convenience. This is the kind of opportunity investors often seek yet rarely find.
With the rooftop dining hub, retail stores and cinemas at Charlestown Square within a 5-minute stroll, medical centres on the doorstep, Fernleigh Track minutes away, and the local area short on rental accommodation, 8 Algona Road promises a rewarding and fuss-free property to add to any investment portfolio.
- Split-level home configured for rental convenience, plus a modern granny flat
- Combined, these dwellings have a potential income return of $1,600 per week
- Split-system air-conditioning in each home backed up by ceiling fans in all bedrooms
- Fresh and modern throughout, and all enjoy plenty of natural sunlight
- Plantation shutters, quality floor coverings and clean, neutral colour palettes
- Younger investors may choose to live in one dwelling and rent the others
- Set upon a large 758sqm parcel in central Charlestown
- 4-min drive to Dudley Beach, 7-mins to Redhead Beach or Warners Bay
- 10-min drive to John Hunter Hospital or Newcastle's CBD and harbour
Property History for 8 Algona Rd, Charlestown, NSW 2290
- 10 May 2024Sold for $1,100,000
- 12 Mar 2024Listed for Sale $1,100,000
- 13 Jun 2023Listed for Sale Not Disclosed
Recent sales nearby
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0About Charlestown 2290
The size of Charlestown is approximately 7.1 square kilometres. It has 39 parks covering nearly 13.4% of total area. The population of Charlestown in 2016 was 12912 people. By 2021 the population was 13601 showing a population growth of 5.3% in the area during that time. The predominant age group in Charlestown is 30-39 years. Households in Charlestown are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Charlestown work in a professional occupation.In 2021, 72.00% of the homes in Charlestown were owner-occupied compared with 72.60% in 2016.
Charlestown has 6,888 properties. Over the last 5 years, Houses in Charlestown have seen a 64.17% increase in median value, while Units have seen a 46.75% increase. As at 30 November 2025:
- The median value for Houses in Charlestown is $1,039,054 while the median value for Units is $711,352.
- Houses have a median rent of $690 while Units have a median rent of $580.
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