44/1 Queen Street, The Hill NSW 2300
44/1 Queen Street, The Hill NSW 2300
3 beds | 2 baths | pool & tennis | sought-after Newcastle Hill pocket | 199m² modern townhouse
This townhouse occupies a rare position in The Hill, a tightly held suburb where 90% of properties are owner-occupied and turnover is low. The 2002 build offers a practical layout with three bedrooms, two bathrooms, and two car spaces, but the distinguishing advantage is the shared in-ground pool, tennis court, and gym , amenities that typically belong to larger complexes but here come without strata-scale levies. The 199m² land and 192m² internal area give genuine townhouse proportions, not an apartment footprint. This property suits a professional couple or small family who want low-maintenance living with resort-style facilities, within walking distance to Newcastle East Public School and the city fringe. The NBN and 5G coverage support remote work without being a prime driver.
The main risk is the property’s long holding period , last sold in 1999 , meaning the current condition may not reflect the estimated $1,737,000 valuation without a thorough building and pest inspection. The cross-listing under Cooks Hill introduces minor suburb confusion but does not affect title or zoning. Buyers should note the auction timeline is compressed, with inspections running through May and the property only seven days on market as of late April; this creates a competitive window but also pressure to complete due diligence quickly. The lack of bushfire, flood, or heritage overlays reduces insurance and renovation friction. Hold this property as a primary residence to capture lifestyle value, or rent it out given the suburb’s rental demand and owner-occupier dominance.
Detailed Independent Property Report prepared by PropCred Analyst team for 44/1 Queen Street, The Hill NSW 2300
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
Income Risk
Execution Risk
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Market Insight
The Hill presents a nuanced market, with its unit segment outperforming houses, reflecting strong demand from younger renters and singles drawn to its apartment-centric lifestyle. While house prices have softened recently, the robust growth in unit values and tight rental yields indicate sustained investor and occupier interest. Future performance will hinge on broader economic conditions and local development, with affordability and supply dynamics acting as key constraints on its established growth trajectory.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
199m²
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