2/23 Morgan StreetMerewether NSW 2291
Property Details for 2/23 Morgan St, Merewether
2/23 Morgan St, Merewether is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1968. The property has a land size of 1002m2 and floor size of 69m2. While the property is not currently for sale or for rent, it was last sold in December 2018.
Last Listing description (February 2019)
Quietly tucked away on the ground floor in a solid brick building of just seven apartments, this well-presented 2-bedder offers one of the most affordable solutions for lifestyle buyers into Newcastle's favourite beachside suburb. Timber floors and air-conditioning frame the generously sized living area, which connects via a sliding door to a north facing sunroom with a pleasant outlook over the front lawn. With the option of leaving as is or carrying out some moderate updates to the original kitchen and bathroom, this apartment makes perfect sense for investors courtesy of its existing tenant, and with the beach and The Junction's shops and cafes just a short stroll in either direction, it's hard to imagine a better lifestyle spot.
- Spacious ground floor apartment in quiet block of only seven
- Living area with timber floors and air-conditioning
- Kitchen and bathroom offer exciting scope to modernise and add value
- Single lock up garage; shared laundry
- 600m from The Junction's boutique shopping, eateries and schools
- Short stroll from Lingard Private Hospital
- 1500m from Merewether Beach, ocean baths and surf club
- Readymade investment with tenant on lease until Feb '19, returning $350pw
Property History for 2/23 Morgan St, Merewether, NSW 2291
- 19 Dec 2018Sold for $460,000
- 03 Sep 2018Listed for Sale $475,000
- 21 Jun 2018Listed for Rent $350 / week
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 5,895 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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