1303/466 King Street, Newcastle West NSW 2302

1303/466 King Street, Newcastle West NSW 2302
3 bed 2 bath 2 car high floor | 180 degree city harbour ocean view | rare three bedroom footprint in Newcastle West | premium finishes and secure parking plus storage This apartment is competitively strong because of its configuration. Three bedrooms two bathrooms and two car spaces are uncommon in Newcastle Wests high rise stock, and when combined with a 17th floor position and a 180 degree outlook over the city harbour and ocean, the property sits clearly above the typical inner city apartment. The open plan living full height windows and stone finishes give it a modern premium feel, and the inclusion of a study nook and built in robes across all bedrooms makes it practical for downsizers or professional couples who want space without moving to a house. The building is the Verve Complex, and the location places you within walking distance of Honeysuckle the Civic Theatre galleries cafes and the light rail, which connects to Newcastle Beach. This property serves best a buyer who values views walkability and a rare floorplan in a dense urban setting, and who is willing to pay for a product that is not easily replicated in this suburb. What may materially affect the value of this property is the strata cost, quoted at around $2,445 per quarter, which is a meaningful ongoing commitment that a buyer should factor into their holding budget. The rental potential of $1,000 to $1,100 per week suggests a gross yield of roughly 4 percent, which is reasonable for a premium apartment but not exceptional, so an investor should weigh capital growth prospects against that income. The building age is not confirmed from available material, but the modern finishes and high rise form suggest it is relatively recent, though a buyer might want to check the building’s maintenance history and any upcoming levies. The view is the strongest value driver, and any future development that could obstruct it would be a risk worth investigating through council planning records.
Detailed Independent Property Report prepared  by PropCred Analyst team for 1303/466 King Street, Newcastle West NSW 2302
Checks found:
Value Risk ✓
Liquidity Risk ! 1
Planning Risk ! 1
Income Risk ✓
Execution Risk ! 1
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Market Insight

Newcastle West is a dynamic, high-growth urban precinct attracting a young professional demographic, driving strong demand in a supply-constrained market. This demographic shift underpins a robust unit market with solid rental yields, while the broader Newcastle region’s infrastructure supports sustained buyer interest. Recent price performance for houses has been steady, though sales activity is measured, indicating a more selective market segment. Future growth is anchored in rising regional demand and limited new listings, yet the slower transaction pace for houses compared to state averages presents a key market constraint.
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PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

2

Land

3354m²

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
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