203/8 King StreetNewcastle NSW 2300
Property Details for 203/8 King St, Newcastle
203/8 King St, Newcastle is a 1 bedroom, 1 bathroom Unit and was built in 2001. The property has a land size of 49m2 and floor size of 49m2. While the property is not currently for sale or for rent, it was last sold in October 2015.
Last Listing description (October 2016)
UNDER CONTRACT
With a reliable long-term tenant currently in place, this well-presented fully furnished apartment offers an excellent investment opportunity.
Located in a sought-after CBD position steps to the beach, this apartment is just moments to the Hunter Street Mall and the Harbour.
* Current rental return of $360 per week offers strong yield
* Reliable long-term tenant in place until February 2016
* Open-plan living/dining to suit a single professional or couple
* Neat and tidy kitchen with dishwasher and electric cooking
* Well-presented modern bathroom with glass-frame shower
* Good-sized private bedroom with built-in robe
* Internal European-style laundry adds convenience
* Carpet throughout in excellent condition
* Elegant window shutters through living area
* Apartment comes fully furnished
* Short walk to the beach and your choice of funky city cafes
Investors take note of the excellent rental yield on offer and the sought-after CBD position showing strong capital growth offered by this well-presented low-maintenance apartment.
Enter into the foyer with a well-equipped European laundry on your right. Continue left into the open-plan living/dining room with two feature windows elegantly dressed with timber louvre shutters.
The good-sized modern kitchen adjoins the living/dining room and features a high breakfast bar, plentiful cupboard space, electric cooking and a dishwasher.
The private bedroom is off the dining area and features a built-in robe and well-presented ensuite with glass-frame shower.
The carpet throughout is in excellent condition, and contemporary neutral tones throughout create a pleasant living environment.
With a reliable long-term tenant in place until February 2016, investors can count on a $360 per week return for an immediate revenue stream, and located in a popular CBD location walking distance to the beach, it will show strong capital growth for a profitable resale.
Or owner/occupiers get some help paying down your mortgage before moving in next year to enjoy the best of beachside city living.
This one will be snapped up quickly, so act fast while it lasts. To organise an inspection, call Mick Phillips today.
Figures & Fees:
(All are approx)
Currently Returning: $360 Per Week- Lease Expires February 2016.
Council Rates: $252.62 per quarter
Strata Fees: $730 per quarter
Unit Size: 47M2
Mick Phillips
Property History for 203/8 King St, Newcastle, NSW 2300
- 23 Mar 2016Listed for Rent $330 / week
- 01 Oct 2015Sold for $354,000
- 24 Sep 2015Listed for Sale Not Disclosed
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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 5,235 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.
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