201/123 King Street, Newcastle, NSW 2300 | Property Value & History | OnTheHouse
FOR SALE

201/123 King Street
Newcastle NSW 2300

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 64m2
Land area: 64m2
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Property Details for 201/123 King St, Newcastle

201/123 King St, Newcastle is a 1 bedroom, 1 bathroom Unit and was built in 1885. The property has a land size of 64m2 and floor size of 64m2.This Property is currently listed for sale with Presence Newcastle, Lake Macquarie, Central Coast & Hunter

Building Type
Unit
Year Built
1885
Floor Size
64m2
Land Size
64m2
Local Government
Newcastle
Lot/Plan
8/SP101660

Last Listing description (September 2026)

Graciously presiding over the top end of town, this character-rich apartment invites you to live where Newcastle's nightlife, harbour and coastline gently meet. Set within a tightly-held enclave of just 25 boutique warehouse conversions, it claims its own corner of history in the heritage-listed c1880 Ireland's Bond once a bustling store for flour, hay and corn, now beautifully reimagined by EJE Architecture as a collection of luxurious, design-led residences.

Step into the wide entry and immediately feel the generous scale of this apartment, with its tall ceilings and expansive rooms offering ample space for entertaining and relaxed everyday living. Your eye is first drawn to the sleek contemporary kitchen compact, yet impressively well appointed. Featuring stone benchtops, a quality De'Longhi oven and dishwasher, and a generous pantry, it's just as well suited to throwing together a quick midweek meal as it is to prepare a veritable feast for friends.

From here, the home opens into a bright, open-plan living and dining space, where five of the eight oversized double-glazed windows lend a distinctly New York feel. Yet, the north-westerly outlook is unmistakably Newcastle, with everchanging glimpses of the working harbour and historic urban streetscape that bring the city's character right into the room.

A double sliding door flows from the living area into an equally generous bedroom, enhancing the sense of space and connection. With the doors open, your bedroom becomes part of a larger, loft-like sanctuary where you can move effortlessly between lounging, working and unwinding. Close them, and you're cocooned in a bright sunlit retreat at the end of the day.

The two-way bathroom is designed for both ease and indulgence. Beautifully appointed, it features a walk-in shower with a striking feature stone tile, along with generous mirrored storage to keep everyday essentials neatly out of sight. Nearby, the cleverly integrated Euro laundry makes light work of household chores, preserving the clean, streamlined feel of the apartment.

Adding to the appeal, the residents' rooftop area offers an inviting, intimate space with seating and a relaxed atmosphere. Facing north to capture consistent light and cooling coastal breezes, here you can take in the unique ever-changing views of the harbour and hills beyond, whether you want to stretch out in the sun for a quiet snooze or settle in with friends for a long, leisurely afternoon.

Beyond your front door, the lifestyle is every bit as appealing. Positioned just moments from the harbour and Newcastle's vibrant East End, you're perfectly placed to enjoy the very best of city living, with the beach always within easy reach. Imagine early morning walks along the waterfront, grabbing coffee from your favourite local cafe, then wandering home through historic streets with quaint shops and galleries. Evenings offer fine dining and relaxed wine and cocktail bars. It's only a quick dash to the Metro or Artisanal Cellars in the East End Hub for last-minute provisions, and you can quickly hop on the bus or light rail for a straightforward commute or an easy weekend getaway.

Claim your place in this beautifully reimagined piece of Newcastle history and experience the rare harmony of harbourside, city and coastal living. Inspect today.

Features include:

Secure, tightly held boutique complex in the c1880, heritage-listed Ireland's Bond building, offering a genuine sense of community and exclusivity.
Generously scaled warehouse conversion by EJE Architecture, featuring tall ceilings and eight oversized double-glazed windows bringing in abundant north-westerly light.
Expansive, light-filled open-plan living and dining space, with a bank of dual-aspect windows lending a distinctly New York loft feel.
Sleek contemporary kitchen featuring stone benchtops, De'Longhi oven and dishwasher, plus a full-height pantry.
Generously proportioned bedroom with built-in robes and sliding doors to the living areas, perfectly suited to flexible living styles.
Beautifully appointed two-way bathroom with frameless shower, feature stone tiling and abundant mirrored storage.
Cleverly integrated internal laundry that keeps everyday chores neatly out of sight.
Inviting communal rooftop terrace for residents, with intimate seating and harbour views ideal for relaxing or entertaining.
Unbeatable location moments from the harbour, iconic beaches, coastal parklands and Newcastle's thriving East End dining and bar scene, with easy access to everyday essentials at the Metro and Artisanal Cellars, and just a short walk to the Light Rail and bus stop.
The unit was previously leased at $660 per week furnished. A furnished rental return of approximately $660$700 per week is considered achievable.

Outgoings:

Council rates - $1,633 p.a. approx.*
Water rates - $814 p.a. approx.*
Strata rates - $1,165 p.q. approx.*

Disclaimer:
All information provided by Presence Real Estate in the promotion of a property for either sale or lease has been gathered from various third-party sources that we believe to be reliable. However, Presence Real Estate cannot guarantee its accuracy, and we accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements in the information provided. Prospective purchasers and renters are advised to carry out their own investigations and rely on their own inquiries. All images, measurements, diagrams, renderings and data are indicative and for illustrative purposes only and are subject to change. The information provided by Presence Real Estate is general in nature and does not take into account the individual circumstances of the person or persons objective financial situation or needs.

Property History for 201/123 King St, Newcastle, NSW 2300

A timeline of how this property has performed in the market
Last Sold
$495,000
27 Feb 2020
Listed for Rent
$660/w
30 Jul 2025
  • 07 Jul 2026
    Listed for Sale Guide $700,000 - $750,000
  • 30 Jul 2025
    Listed for Rent $660 / week
  • 27 Apr 2025
    Listed for Rent $670 / week
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About Newcastle 2300

The size of Newcastle is approximately 4.9 square kilometres. There are 25 parks, covering nearly 10.5% of the 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 5,237 properties. Over the last 5 years, Houses in Newcastle have seen a 7.11% increase in median value, while Units have seen a 27.76% increase. As at 31 July 2026:

  • The median value for Houses in Newcastle is $1,771,966 while the median value for Units is $1,046,831.
  • Houses have a median rent of $730 while Units have a median rent of $750.
There are currently 57 properties listed for sale, and 12 properties listed for rent in Newcastle on OnTheHouse. According to Cotality's data, 213 properties were sold in the past 12 months in Newcastle.

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Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.