183 King Street, Newcastle, NSW 2300 | Property Value & History | OnTheHouse
 
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183 King Street
Newcastle NSW 2300

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1305m2
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Property Details for 183 King St, Newcastle

Building Type
Commercial
Land Size
1305m2
Local Government
Newcastle

Last Listing description (October 2023)

183-185 King Street Newcastle presents the chance to be a part of Newcastle's rich history in the former Tower Cinema. The property is zoned MU1 Mixed Use enabling a wide range of uses and creating a unique investment opportunity that offers diverse possibilities.

The former cinema building incorporates three auditoriums over two levels and a foyer located on the ground floor. The large auditoriums lend themselves to a range of recreation, hospitality, entertainment, religious and educational uses.

- Building area 3,688sqm*

- MU1 Mixed Use zoning
- High exposure area
- Suitable for multiple uses (STCA)
- Desirable East End location
- 2 minute* walk to Light Rail stop

*Approximately

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Property History for 183 King St, Newcastle, NSW 2300

A timeline of how this property has performed in the market
Listed for Rent
$275k/w
26 Sep 2023
  • 19 Oct 2023
    Listed for Sale $3,950,000 plus GST
  • 28 Mar 2023
    Listed for Rent - Price not available
  • 28 Oct 2019
    Listed for Rent - Price not available
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About Newcastle 2300

The size of Newcastle is approximately 4.9 square kilometres. It has 25 parks covering nearly 10.5% of total area. The population of Newcastle in 2016 was 2753 people. By 2021 the population was 3852 showing a population growth of 39.9% in the area during that time. The predominant age group in Newcastle is 20-29 years. Households in Newcastle are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Newcastle work in a professional occupation.In 2021, 44.20% of the homes in Newcastle were owner-occupied compared with 45.70% in 2016.

Newcastle has 5,209 properties. Over the last 5 years, Houses in Newcastle have seen a 24.61% increase in median value, while Units have seen a 44.05% increase. As at 31 January 2026:

  • The median value for Houses in Newcastle is $1,707,694 while the median value for Units is $1,058,221.
  • Houses have a median rent of $830 while Units have a median rent of $700.
There are currently 29 properties listed for sale, and 8 properties listed for rent in Newcastle on OnTheHouse. According to Cotality's data, 245 properties were sold in the past 12 months in Newcastle.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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