301/267 King Street, Newcastle NSW 2300

| Flood risk | heritage overlay constraints | balcony living | tight owner tenure | The flood residual risk designation introduces insurance cost variance and may affect future lending policies, while the heritage overlay restricts external alterations. The 61sqm internal area with balcony suits owner-occupiers valuing location over space, but limited turnover in the building suggests slower capital growth for short holds. Comparable sales show the two-bedroom unit at 305/267 commanding a $742,000 valuation and $570 weekly rental, establishing a price floor for this unit. Given the tight owner tenure and sub-4% annual growth on one-bedroom sales, this property performs as a lifestyle hold not a high-growth play. The Civic Green building offers rare walkability to university, cultural precinct, and Harris Farm, a combination scarce in Newcastle’s apartment stock. Air conditioning and parking secure tenant appeal, while the 2017 build quality avoids legacy construction issues. Best suited to a downsizer or professional couple seeking urban amenity, not speculative investors. The location premium and limited two-bedroom inventory justify a premium within the building. The next step is to commission a flood insurance estimate and a heritage advisor’s scope of works before negotiating, protecting your offer against hidden carrying costs.