402/123 King Street, Newcastle, NSW 2300 | Property Value & History | OnTheHouse
 
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402/123 King Street
Newcastle NSW 2300

Bedrooms: 2
Bathrooms: 2
Car spaces: -
Floor area: 61m2
Land area: 73m2
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Last updated 10 Aug 2026
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Property Details for 402/123 King St, Newcastle

402/123 King St, Newcastle is a 2 bedroom, 2 bathroom Unit and was built in 1884. The property has a land size of 73m2 and floor size of 61m2. While the property is not currently for sale or for rent, it was last sold in November 2021.

Building Type
Unit
Year Built
1884
Floor Size
61m2
Land Size
73m2
Local Government
Newcastle
Lot/Plan
22/SP101660

Last Listing description (November 2021)

A captivating place to call home, this boutique two bedroom apartment naturally flows from indoor to outdoor living, all with complete privacy in mind. Located in the Ireland's Bond 1884 heritage building designed by multi award winning architects EJE the masterful design blends the rich history of Newcastle's CBD with fluid designs and quality finishes.

Offering a convenient lifestyle, this prized opportunity awaits you to own a piece of vibrant city living, ideal for both owner occupiers and investors. You will have everything you need at your finger tips with endless opportunities of bars, cafes, restaurants, beachs and the stunning harbour side.

- Open plan living domain with direct flow to the alfresco private terrace.

- Modern kitchen with stainless steel appliances

- master bedroom with ensuite and balcony access

- Stylish bathroom and handy internal laundry facilities

- Ducted reverse-cycle air-con throughout and direct lift access

- Communal rooftop terrace perfect for happy hour with neighbours

- Directly on King St, step outside to buzzing cafes, restaurants and wine bars

- Short stroll to Newcastle Beach for your morning swim or surf

- Light rail, public and private schools and King Edward Park a short walk away

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Property History for 402/123 King St, Newcastle, NSW 2300

A timeline of how this property has performed in the market
Last Sold
$675,000
02 Nov 2021
  • 02 Nov 2021
    Sold for $675,000
  • 15 Sep 2021
    Listed for Sale $650,000-$695,000
  • 05 Feb 2018
    Sold for $650,000
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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 53 properties listed for sale, and 15 properties listed for rent in Newcastle on OnTheHouse. According to Cotality's data, 219 properties were sold in the past 12 months in Newcastle.

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Cotality Copyright and Legal Disclaimers about Property Data

© 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.

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.

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