52/575 Hunter Street, Newcastle West, NSW 2302 | Property Value & History | OnTheHouse
OFF MARKET

52/575 Hunter Street
Newcastle West NSW 2302

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Floor area: 120m2
Land area: 2739m2
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Property Details for 52/575 Hunter St, Newcastle West

52/575 Hunter St, Newcastle West is a 3 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2000. The property has a land size of 2739m2 and floor size of 120m2. While the property is not currently for sale or for rent, it was last sold in September 2024.

Building Type
Unit
Year Built
2000
Floor Size
120m2
Land Size
2739m2
Local Government
Newcastle
Lot/Plan
52/SP62883

Last Listing description (October 2024)

Welcome to The Quest Apartments in Newcastle West an iconic hub for business executives visiting the city.

This property offers an impressive annual return of $33,754.56 (or $2,812.88 per month) with a lease agreement in place until December 2027, including 3 x 5-year renewal options. As the owner, you only pay a portion of the outgoings, responsible for capital works fees and council rates, while the tenant covers admin fees, water rates, electricity, and gas.

Located on the 7th floor, the spacious apartment features a central lounge room with split system air conditioning and large windows. Building amenities include an indoor pool, spa, and gym on the ground floor.

The north-facing apartment is filled with natural light throughout. All 3 bedrooms are generously sized with floor-to-ceiling wardrobes, while the large main bedroom boasts a private ensuite and stunning city skyline views. The fully equipped kitchen features an electric cooktop, oven, and ample storage. Additionally, the apartment includes a proper laundry room, a rare find in modern apartments.

Don't miss this opportunity to invest in one of Newcastle's most sought-after locations.

Property Information:
- This property offers an attractive return of $33, 754.56 p/a (or $2,812.88 per month).
- 3% annual increases.
- Current lease in place from December 2022 - December 2027.
- 3 x 5-year options to renew.
- Council Rates: $1,508 p/a (Paid by the Owner).
- Water Rates: Approx. $650 p/a (Paid by The Quest).
- Admin fund of $1,283.33 p/q paid by The Quest.
- Capital Works of $748.18 p/q paid the Owner.

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 52/575 Hunter St, Newcastle West, NSW 2302

A timeline of how this property has performed in the market
Last Sold
$620,000
18 Sep 2024
  • 18 Sep 2024
    Sold for $620,000
  • 30 Jul 2024
    Listed for Sale Guide $620,000 - $660,000
  • 20 Apr 2021
    Sold for $600,000
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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 2,044 properties. Over the last 5 years, Houses in Newcastle West have seen a 46.65% increase in median value, while Units have seen a 27.35% increase. As at 31 October 2025:

  • The median value for Houses in Newcastle West is $1,410,839 while the median value for Units is $800,726.
  • Houses have a median rent of $548 while Units have a median rent of $670.
There are currently 7 properties listed for sale, and 5 properties listed for rent in Newcastle west on OnTheHouse. According to Cotality's data, 113 properties were sold in the past 12 months in Newcastle west.

Suburb Insights for Newcastle West 2302

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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.