516/386 King Street, Newcastle, NSW 2300 | Property Value & History | OnTheHouse
OFF MARKET

516/386 King Street
Newcastle NSW 2300

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Floor area: 75m2
Land area: 87m2
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Last updated 31 Aug 2026
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Property Details for 516/386 King St, Newcastle

516/386 King St, Newcastle is a 2 bedroom, 2 bathroom Unit with 2 parking spaces. The property has a land size of 87m2 and floor size of 75m2. While the property is not currently for sale or for rent, it was last sold in May 2021.

Building Type
Unit
Floor Size
75m2
Land Size
87m2
Local Government
Newcastle
Lot/Plan
37/SP104951

Last Listing description (June 2026)

Positioned on the fifth floor of the highly sought-after Sky Residences, this sophisticated two-bedroom apartment offers the perfect blend of modern design, comfort, and unbeatable inner-city convenience. Surrounded by Newcastles best cafs, restaurants, bars and entertainment, this home delivers a premium lifestyle right in the heart of the CBD.

Inside, the apartment showcases a spacious open-plan living and dining area, complemented by ducted air conditioning for year-round comfort. The sleek, contemporary kitchen is beautifully appointed with quality appliances, integrated fridge and dishwasher, and ample storage, making it ideal for both everyday living and entertaining.

The living space flows seamlessly onto a private balcony, offering a peaceful outlook over Cooks Hill and beyond the perfect spot to relax or unwind. Both bedrooms are generously sized, with the master featuring a walk-in robe, private ensuite, and direct balcony access. The second bedroom includes a built-in wardrobe and is serviced by a modern main bathroom.

Both bathrooms are finished with floor-to-ceiling tiles, walk-in showers and mirrored storage, while a convenient Euro laundry adds further practicality.

Residents of Sky Residences enjoy access to premium resort-style facilities, including a stunning rooftop entertaining area with panoramic harbour views, a heated swimming pool, and a fully equipped gym.

The apartment also includes secure tandem parking for two vehicles plus a storage cage.

Features:
-Two-bedroom, two-bathroom apartment in Sky Residences
-Fifth floor position with private balcony and pleasant outlook
-Open-plan living and dining with ducted air conditioning
-Designer kitchen with integrated fridge, dishwasher and quality appliances
-Master bedroom with walk-in robe, ensuite and balcony access
-Second bedroom with built-in wardrobe
-Two modern bathrooms with floor-to-ceiling tiles and walk-in showers
-Euro laundry and ample storage
-Secure tandem parking for two vehicles plus storage cage
-Access to rooftop entertaining area, heated pool and gym
-Prime CBD location close to cafs, restaurants, beaches and harbour

Offering luxury, lifestyle, and location, this impressive apartment presents an exceptional opportunity to enjoy the very best of Newcastles vibrant city living.

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Disclaimer: All information provided by Wilton Lemke Stewart in the marketing of a property for sale or lease has been sourced from various third-party outlets that we deem reliable. Nonetheless, Wilton Lemke Stewart cannot ensure its absolute accuracy, and we bear no responsibility and disclaim all liability for any errors, omissions, inaccuracies, or misstatements in the information provided. Prospective buyers and tenants are encouraged to conduct their own due diligence and rely on their own investigations. All images, measurements, diagrams, renderings, and data are indicative and for illustrative purposes only, subject to potential changes.

Property History for 516/386 King St, Newcastle, NSW 2300

A timeline of how this property has performed in the market
Last Sold
$749,400
05 May 2021
Listed for Rent
$995/w
18 May 2026
  • 30 Apr 2026
    Listed for Rent $970 / week
  • 23 Feb 2026
    Listed for Sale $950,000 - $1,045,000 Friendly Auction
  • 05 May 2021
    Sold for $749,400
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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 5,238 properties. Over the last 5 years, Houses in Newcastle have seen a 4.22% increase in median value, while Units have seen a 26.62% increase. As at 31 August 2026:

  • The median value for Houses in Newcastle is $1,732,119 while the median value for Units is $1,055,338.
  • Houses have a median rent of $780 while Units have a median rent of $750.
There are currently 54 properties listed for sale, and 13 properties listed for rent in Newcastle on OnTheHouse. According to Cotality's data, 215 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.