Back 24 Edward Street
Off Market

24 Edward Street

Merewether NSW 2291

2
1
1
505 m²
House
Last sold for $1,200,000
Joel OsbornJoel Osborn, last sold this property on 28 May 2026 after 16 days on market.

Overview

Endless Potential in a Blue-Ribbon Coastal Setting

Positioned in one of Newcastle's most tightly held suburbs, this original period home at 24 Edward Street, Merewether presents an outstanding opportunity to renovate, restore or redevelop (STCA). Set on an elevated block and brimming with character, the home showcases timeless features including timber floors, ornate ceilings, picture rails and a classic brick fireplace. Enjoy the ultimate coastal lifestyle just moments from local schools, parkland, vibrant dining options, and the pristine shoreline, with Merewether Golf Club nearby and iconic local favourites like The Mary Ellen Hotel and The Prince of Wales just a short stroll away. Opportunities like this, offering entry-level buying into sought-after Merewether, are increasingly rare. Key Features: - Original period home with timber flooring, ornate ceilings and picture rails - Elevated block with scope to renovate or redevelop (STCA) - Front lounge with carpet, reverse cycle air-conditioning, gas bayonet and decorative plaster ceilings - Second bedroom with built-in mirrored robes, ceiling fan, carpet and ornate ceiling - Central dining/living area adjoining the kitchen with timber flooring and ornate fireplace - Functional kitchen with upright stove and rangehood - Bathroom with vanity, toilet and shower over bath - Spacious laundry with good functionality - Secure backyard, ideal for families or future improvements - Single garage for off-street parking - Prime location close to schools, parkland, beaches and The Junction shopping precinct - Short stroll to local pubs, cafés and Merewether's world-class coastline If you're looking for a project with strong upside in a premium coastal location, this is one not to miss. Approximate travel time Merewether Beach (5 minutes) Honeysuckle, Newcastle (10 minutes). Newcastle Airport (26 minutes). Sydney (2 hours). Block size: 505m2. Council rates $787 per quarter. Rental appraisal: $720 - $750 per week. Current rent is $640 per week. Disclaimer: "We have obtained all information in this document from sources we believe to be reliable, however, we cannot guarantee its accuracy. Prospective buyers are advised to carry out their own investigations".

Features

2 bedrooms
1 bathroom
1 carspace
1 garage space
505 m² lot size
House

Estimated Value

Based on this property and similar 2 bedroom houses sold in Merewether over the last 12 months, the estimated median property value of 24 Edward Street is $1.2m.

Median value
$1.2m
Estimated value range
$1.15m - $2.15m
Median days on market
16
Estimated value trend
7%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Merewether. 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 24 Edward Street

2026
Sold
$1,200,000
28 May 2026 by Joel Osborn, of Osborn George Raymond Terrace
2025
Rented
Undisclosed
Leased on 24 Jul 2025 by Ray White Newcastle Lake Macquarie
2025
Rented
Undisclosed
Leased on 16 Jun 2025 by Ray White Newcastle Lake Macquarie

Happy sellers in Merewether

80%
80% of sellers in Merewether reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 87 reviews in Merewether over the last 12 months.

Local market activity for 2 bedroom houses in Merewether

In the last 12 months, 4 two-bedroom houses similar to 24 Edward Street, have been sold.

This represents a 50% increase in two-bedroom houses sales when compared to the previous 12 months.

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