7 Peak Street, Merewether Heights NSW 2291
This property is Off Market
- Last sold 4/12/2024 for $2,300,000. The Average property price in this area is $1,693,544, this is based on recent transactions.
- Internet speed Download 100 Mbps / Upload 40 Mbps
- Distance to the coast 1.86 km
- Potential bushfire risk 0 / 10
- Report as to subsidence
- Powerlines within 200m 0
Street view
Property For Sale Nearby
Recently Sold Properties in this Area
- 10/23/2024 180 SCENIC DR $1,400,000
- 10/21/2024 68 REMBRANDT DR $2,600,000
- 10/2/2024 28 HATFIELD ST $1,470,000
- 9/9/2024 61 REMBRANDT DR $1,650,000
- 9/6/2024 28 SUN HILL DR $1,625,000
About Merewether - The Junction
With an average age of 42, households expect an average monthly mortgage payment of $2,383 or a weekly rent payment of $590. The average family earns a weekly income of $3,069 with a typical household size of 2.9 and a 96.48% employment rate.
Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. High average incomes in Merewether Heights ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Merewether Heights classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. Lower than average population density constrains growth in Merewether Heights to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.
Public Transport
Waratah
Kotara
Crown Street
Civic
Honeysuckle
Newcastle Interchange
Adamstown
Broadmeadow
Hamilton
Queens Wharf, Newcastle
General Points of Interest
Junction Fair
Genesis Fitness
Tuff'n Up Boxing Gym
Visitor Centre
Emu Exhibit
Shallow Pool
Newcastle District Tennis Club
Charlestown Square
Newcastle International Paceway
Coghlan's Swim Centre
Population
(Country of Birth not stated 0%)
Are people healthy?
There are a recorded 1450 asthma sufferers and 605 people living with diabetes. In addition, 756 people have a heart/vascular condition and 1257 people live with three or more chronic diseases.A good place to invest in property?
Merewether - The Junction a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
New South Wales State average 59 / 100
Income
60 / 100
31 / 100
Industry
26 / 100
22 / 100
Population
20 / 100
19 / 100
House Prices
68 / 100
60 / 100
Jobs
40 / 100
29 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
-
School CatchmentsMerewether Hts PS Kotara HS
-
St Columba's Primary School
Adamstown, NSW, 2289 Independent K-6 -
Merewether High School
Broadmeadow, NSW, 2292 State 7-12 -
St Pius X High School
Adamstown, NSW, 2289 Independent 7-10 -
Kotara High School
Adamstown, NSW, 2289 State 7-12 -
Holy Family Primary School
Merewether Beach, NSW, 2291 Independent K-6 -
Merewether Public School
Merewether, NSW, 2291 State K-6 -
Adamstown Public School
Adamstown, NSW, 2289 State K-6
Property Story
7 Peak Street, Merewether Heights, Nsw, 2291 is a residential property with 4 bedrooms, 2 bathrooms and 2 Parking spaces. The estimated value of this home is $1,855,000 while properties of this type typically sell for between $1,530,000 and $1,890,000 in this suburb. The estimated distance to the sea is only 1.86km and 0.22KM to vegatation considered to be a factor in bushfire risk.Local Developments
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz 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 Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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