6/240 Newcastle Road, Jesmond NSW 2299

6/240 Newcastle Road, Jesmond NSW 2299
3 bed townhouse | 205 sqm land | 2 parking | mixed listing type | Jesmond near uni This property offers a rare configuration for a unit or townhouse in Jesmond, with three bedrooms and two parking spaces on a generous 205 sqm lot. The mixed description as both a flat and townhouse suggests it is part of a low-rise strata complex, which may provide more space and privacy than typical student-oriented apartments in the area. The open-plan layout, modern kitchen, and gas cooktop are practical features that appeal to small families, first-home buyers, or investors targeting households and share arrangements. Its location on Newcastle Road places it near the university and retail, supporting strong rental demand for a three-bedroom dwelling with parking. The inconsistent parking count across public records may affect how the property is marketed or valued, as one space versus two changes its appeal to families or sharers. The lack of confirmed build year, floor level, and aspect means its condition and orientation could influence price, especially if it is ground-level with traffic noise from the main road. Buyers should inspect for natural light, outdoor space, and renovation quality, as these factors may differentiate it from other units in the complex. The 205 sqm lot is larger than many Jesmond units, which could be a value advantage if the strata allows for private yard use or future potential.
Detailed Independent Property Report prepared  by PropCred Analyst team for 6/240 Newcastle Road, Jesmond NSW 2299
Checks found:
Value Risk ✕ 2
Liquidity Risk ✓
Planning Risk ✓
Income Risk ! 1
Execution Risk ✕ 2
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Market Insight

Jesmond is a dynamic suburb with strong appeal to both families and investors, driven by its proximity to Newcastle. Demand is robust for houses and particularly for units, with recent price growth reflecting this sustained interest. The market is active with properties transacting efficiently, indicating a competitive environment. Future growth is supported by consistent sales volume and rental demand, though limited stock availability presents a key constraint on supply.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

2

Land

205m²

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