23 Denison StreetNewcastle West NSW 2302
Property Details for 23 Denison St, Newcastle West
Last Listing description (November 2023)
23 Denison Street presents a great opportunity for an owner-occupier or investor to earn a steady income from a short-term tenant. Situated in the most convenient suburb of Newcastle, the property offers a large site area with accessibility, an abundance of on-site parking and provides a fully-fitted medical suite ready to operate from. Situated off Hunter Street, the site conveniently encompasses all lifestyle, business and leisure offerings within easy walking distance.
- Current net passing income of $89,000 per annum plus GST
- Lease until April 2024
- B4 Mixed Use zoning
- 487sqm* site area
- Located in the West End, projected as Newcastle's new business hub
*Approximately
Property History for 23 Denison St, Newcastle West, NSW 2302
- 13 Dec 2023Sold for $1,640,000
- 27 Oct 2023Listed for Sale $1,800,000
- 08 Feb 2023Listed for Sale $1,800,000 - $2,000,000
Recent sales nearby
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About Newcastle West 2302
The size of Newcastle West is approximately 0.8 square kilometres. It has 5 parks covering nearly 31.8% of total area. The population of Newcastle West in 2016 was 618 people. By 2021 the population was 1453 showing a population growth of 135.1% in the area during that time. The predominant age group in Newcastle West is 20-29 years. Households in Newcastle West are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Newcastle West work in a professional occupation.In 2021, 41.70% of the homes in Newcastle West were owner-occupied compared with 35.90% in 2016.
Newcastle West has 2,104 properties. Over the last 5 years, Houses in Newcastle West have seen a 25.49% increase in median value, while Units have seen a 25.66% increase. As at 30 April 2026:
- The median value for Houses in Newcastle West is $1,497,872 while the median value for Units is $820,190.
- Units have a median rent of $690.
Suburb Insights for Newcastle West 2302
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