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Back 206/123 King Street
Off Market

206/123 King Street

Newcastle NSW 2300

1
1
57 m²
54 m²
Apartment
Last sold for $610,000
Jesse WiltonJesse Wilton, last sold this property on 09 February 2026 after 116 days on market.

Overview

Put simply, Ireland’s Bond 1884: Boutique Heritage, Prime Location, Proven Returns

Set in the heart of Newcastle's East End, this one-bedroom apartment in the tightly held Ireland's Bond 1884 blends timeless character with modern comfort, offering a truly walkable lifestyle and strong investment credentials. Part of a boutique EJE Architecture conversion of just 25 residences, it features high ceilings, oversized windows and leafy Perkins Street outlooks that create a calm, private feel rarely found in the city. Inside, timber flooring, ducted air-conditioning, a sleek gas kitchen and a two-way bathroom with Euro laundry deliver effortless, low-maintenance living. The floorplan is exceptionally efficient, with space for a 3.5-seater lounge and a robed bedroom comfortably accommodating a king-size bed, an uncommon luxury for inner-city living. Step outside and you're moments from East End Village cafés, restaurants and Woolies Metro, with QT Hotel around the corner for sunset cocktails and harbour-side atmosphere. Better still, you're just 200m to the foreshore and 800m to the beach, with Civic Square, Darby Street and Honeysuckle all within easy reach. Residents also enjoy access to a shared rooftop terrace, perfect for morning coffee or evening drinks with city views. Investment snapshot: • Comparable apartments rent for $600–$660/week • 5%+ gross rental yield based on current data • High demand from professionals, students and short-stay guests • Low-maintenance design ideal for Airbnb, leasing or owner-occupiers Features: timber floors, ducted A/C, gas kitchen, built-in robe, Euro laundry, secure boutique building, rooftop terrace. A rare combination of heritage architecture, effortless city living and proven returns. Ireland's Bond 1884 offers not just a home, but a smart foothold in Newcastle's thriving city core. Disclaimer: All information provided by Wilton Lemke Stewart in the marketing of a property for sale or lease has been sourced from various third-party outlets that we deem reliable. Nonetheless, Wilton Lemke Stewart cannot ensure its absolute accuracy, and we bear no responsibility and disclaim all liability for any errors, omissions, inaccuracies, or misstatements in the information provided. Prospective buyers and tenants are encouraged to conduct their own due diligence and rely on their own investigations. All images, measurements, diagrams, renderings, and data are indicative and for illustrative purposes only, subject to potential changes.

Features

1 bedroom
1 bathroom
57 m² floor area
54 m² lot size
Apartment

Estimated Value

Based on this property and similar 1 bedroom apartments sold in Newcastle over the last 12 months, the estimated median property value of 206/123 King Street is $717.5k.

Median value
$717.5k
Estimated value range
$135k - $1.05m
Median days on market
32
Estimated value trend
6%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Newcastle. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 206/123 King Street

2026
Rented
Undisclosed
Leased on 16 Mar 2026 by Wilton Lemke Stewart
2026
Sold
$610,000
09 Feb 2026 by Jesse Wilton, of Wilton Lemke Stewart
2024
Sold
$550,000
07 Mar 2024 by Jesse Maxwell, of MOVABLE

Happy sellers in Newcastle

86%
86% of sellers in Newcastle reported that their sale price either exceeded or met their price expectations.

Newcastle stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 45 reviews in Newcastle over the last 12 months.

Local market activity for 1 bedroom apartments in Newcastle

In the last 12 months, 36 one-bedroom apartments similar to 206/123 King Street, have been sold.

This represents a 40% increase in one-bedroom apartments sales when compared to the previous 12 months.

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