25/1 King Street, Newcastle NSW 2300

25/1 King Street, Newcastle NSW 2300
2-bed/2-bath/2-car | fourth-floor | East End core | dual parking rare | open-plan living This apartment offers a rarely seen dual-car park arrangement within a central Newcastle building, giving it a practical edge over typical one- or no-park units. Its fourth-floor position provides good natural light and a sense of openness, while the open-plan interior suits those seeking easy-care living. The East End location puts cafés, retail and the waterfront within a short walk, which is a strong draw for owner-occupiers. Given the building’s history of long-term holders, demand here tends to come from stable residents rather than short-term speculators. This unit serves best a downsizer or professional couple who want city convenience without the maintenance burden of a house. The value of this property may be shaped more by its internal condition and exact orientation than by the building’s reputation alone. Should the unit lack a notable view or premium aspect, it might trade at a considerable discount to the larger or better-positioned apartments in the same complex. Buyers should also weigh the effect of an older building on ongoing levies and future maintenance, alongside the strong convenience of having two car spaces. These factors may justify a price within the lower-to-mid range of recent comparable sales. >> Comparable Sales: Unit 2, 2/2/1 sold $2.05M; Unit 35, 2/1/1 sold $1.72M | Property Price Band: $950K–$1.05M | Value Drivers: dual parking, open-plan layout, fourth-floor presentation
Detailed Independent Property Report prepared  by PropCred Analyst team for 25/1 King Street, Newcastle NSW 2300
Checks found:
Value Risk ✓
Liquidity Risk ! 1
Planning Risk ✓
Income Risk ✕ 2
Execution Risk ✓
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Market Insight

Newcastle 2300 is a coastal city 160km north of Sydney, with a median house price of $1,500,000 and unit price of $1,052,000, delivering a 7.0% ten-year CAGR. Demand is tightening: new listings in December fell 15% against 2024, while quarterly sales across the LGA rose from 687 to 880 in six months. Skilled workers, particularly medical professionals, are driving demand, supported by government infrastructure spending. Growth drivers include the Broadmeadow redevelopment-20,000 new homes, 15,000 jobs-and the airport’s travel links. Risks centre on affordability and outer-suburb softness: Minmi fell 34.9%, Carrington 5.7%, Mayfield West 5.4% over 2025, with added apartment supply in Wickham and new estates to the west.
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PropCred Estimated Value

Bedrooms

2

Bathroom

2

Parking

2

Land

162m²

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