16 Patrick StreetMerewether NSW 2291
Property Details for 16 Patrick St, Merewether
16 Patrick St, Merewether is a 2 bedroom, 1 bathroom House with 2 parking spaces and was built in 1940. The property has a land size of 329m2 and floor size of 107m2. While the property is not currently for sale or for rent, it was last sold in March 2025. There are other 2 bedroom House sold in Merewether in the last 12 months.
Last Listing description (October 2024)
Discover the perfect blend of location and lucrative investment with this block of four x two-bedroom apartments, currently generating a combined income of $1,930 per week with long term tenants. Situated just a hop, skip, and a jump from Bar Beach, footsteps from Empire Park, and central to the vibrant hubs of The Junction and Darby Street, this property promises consistent returns and long-term growth potential.
Presented in a neat and tidy condition, these apartments are ready to continue delivering steady income. However, there's scope to add value. With some cosmetic updates or a complete renovation, you can elevate the rental income further. Alternatively, explore strata titling and selling off the units individually (STCA) to maximize your returns.
Merewether is a highly sought-after suburb, coveted for its proximity to the ocean, parkland, surf clubs, dining, and entertainment. It's where everyone wants to live, making this property an investor's dream. Just over 2km from the city and harbour, the convenience and lifestyle on offer here are unmatched.
- 4 x 2 bed, 1 bath units on one title all on a current lease with shared laundry
- Units 1 and 2 come with a single garage each
- Unit 1 occupies whole top floor featuring a north and south facing balcony and own laundry
- Scope to significantly increase rents on renewal of leases (Estimated at $2,500 per week).
- Add value with renovation
- Approx. 12.5m of frontage
- Dream location stroll to Bar Beach, Empire Park, The Junction, Darby Street
Disclaimer: We have obtained this property information from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective buyers are advised to carry out their own investigations.
Property History for 16 Patrick St, Merewether, NSW 2291
- 25 Mar 2025Sold for $2,400,000
- 29 Jul 2024Listed for Sale Auction
- 16 Jul 2016Sold for $1,350,000
Recent sales nearby
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0About Merewether 2291
The size of Merewether is approximately 6.4 square kilometres. It has 19 parks covering nearly 49.5% of total area. The population of Merewether in 2016 was 10964 people. By 2021 the population was 11788 showing a population growth of 7.5% in the area during that time. The predominant age group in Merewether is 20-29 years. Households in Merewether are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Merewether work in a professional occupation.In 2021, 64.80% of the homes in Merewether were owner-occupied compared with 63.30% in 2016.
Merewether has 5,894 properties. Over the last 5 years, Houses in Merewether have seen a 58.85% increase in median value, while Units have seen a 44.67% increase. As at 30 November 2025:
- The median value for Houses in Merewether is $2,078,058 while the median value for Units is $919,279.
- Houses have a median rent of $800 while Units have a median rent of $620.
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