501/123 King Street, Newcastle, NSW 2300 | Property Value & History | OnTheHouse
OFF MARKET

501/123 King Street
Newcastle NSW 2300

Bedrooms: 2
Bathrooms: 2
Car spaces: -
Floor area: 80m2
Land area: 148m2
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Last updated 17 Aug 2026
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Property Details for 501/123 King St, Newcastle

501/123 King St, Newcastle is a 2 bedroom, 2 bathroom Unit and was built in 1884. The property has a land size of 148m2 and floor size of 80m2. While the property is not currently for sale or for rent, it was last sold in May 2023.

Building Type
Unit
Year Built
1884
Floor Size
80m2
Land Size
148m2
Local Government
Newcastle
Lot/Plan
24/SP101660

Last Listing description (January 2026)

Perched high in the renowned Ireland's Bond 1884 heritage building, this penthouse offers a rare opportunity to own a piece of refined urban luxury with a stunning coastal backdrop. This exquisite 2-bedroom home captures expansive views over Newcastle Harbour, setting the scene for an extraordinary lifestyle above the city. Inside, you'll be immediately captivated by the sense of space and light, the soaring 3.2m ceilings elevate the kitchen and living area, and a seamless indoor-outdoor connection. The gourmet kitchen is a chef's dream, featuring stone benchtops, tinted mirror splashbacks, 600mm DeLonghi appliances, a 4-burner gas cooktop, soft-close drawers, and a stainless steel DeLonghi dishwasher-flowing effortlessly into the spacious living and dining area. Engineered timber flooring, ducted air conditioning, and a sleek European laundry add to the premium finishes throughout. Both bedrooms open directly onto the expansive wraparound balcony, while the master suite includes a walk-in robe and private ensuite. Whether you're entertaining under the stars or enjoying quiet mornings looking at the water, the oversized balcony is your private sanctuary in the sky.Step outside and discover the best of Newcastle's iconic lifestyle. Just 900 metres from Newcastle Beach, and mere moments from the harbour foreshore, this premier location places you at the heart of it all. Wander along the waterfront promenade, enjoy a dip in the ocean, or spend your evenings exploring the area's vibrant restaurant scene, boutique bars, and charming cafs-all just a short stroll from your door. Whether you're after relaxed harbour side living or a vibrant city experience, this penthouse delivers the perfect balance of both. This is more than just a home-it's a lifestyle few get to experience.

Property History for 501/123 King St, Newcastle, NSW 2300

A timeline of how this property has performed in the market
Last Sold
$449,500
09 May 2023
  • 22 Sep 2025
    Listed for Sale $1,450,000 - $1,500,000
  • 09 May 2023
    Sold for $449,500
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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 52 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.

Suburb Insights for Newcastle 2300

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Cotality Copyright and Legal Disclaimers about Property Data
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.