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Back 32/575 Hunter St
Off Market

32/575 Hunter St

Newcastle West NSW 2302

2
2
1
0 m²
Unit
Last sold for $515,000
James EnglishJames English, last sold this property on 16 November 2025 after 10 days on market.

Overview

Premium, Set-and-Forget Investment with Recent Renovation

Located within the respected Quest Apartments complex, this fully renovated two-bedroom residence offers a rare combination of secure corporate leasing, minimal outgoing costs and a contemporary interior upgrade. With the kitchen, both bathrooms and laundry recently refurbished, this is a blue-chip opportunity for investors seeking strong returns and long-term confidence. Strategically positioned in one of Newcastle's most highly regarded corporate accommodation hubs, the property continues to draw steady demand from business travellers and executive guests. A secure 5-year lease is already in place, supported by five additional 5-year renewal options and a fixed 3% annual rental increase — underpinning dependable income and future capital growth. Apartment Features: - Recently renovated kitchen, bathrooms and laundry - Positioned on the fifth floor - Light-filled living space with split-system air-conditioning and wide glazing - Spacious main bedroom with private balcony and district/city views - Full-size laundry — a rare convenience in today's apartments - Access to building amenities including indoor pool, spa and gym Financial Snapshot: - Strong rental income: $34,258 p.a. (approx. $659 per week) - Fixed 3% annual rent increase - Lease term: 5 years + 5 x 5-year renewal options (First Option expires 11/06/2030) - Council Rates: Approx. $1,687.32 p.a. - Strata Rates: Approx. $1,575 p.q A true set-and-forget addition to any portfolio, this apartment pairs modern finishes with exceptional returns, making it an unbeatable investment in the heart of Newcastle. 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

2 bedrooms
2 bathrooms
1 carspace
1 garage space
0 m² floor area
Unit

Estimated Value

Based on this property and similar 2 bedroom units sold in Newcastle West over the last 12 months, the estimated median property value of 32/575 Hunter St is $616k.

Median value
$616k
Estimated value range
$456k - $770k
Median days on market
23
Estimated value trend
-16%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Newcastle West. 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 32/575 Hunter St

2025
Sold
$515,000
16 Nov 2025 by James English, of Wilton Lemke Stewart
2019
Sold
Undisclosed
Private Sale/Treaty on 08 Jul 2019

Happy sellers in Newcastle West

92%
92% of sellers in Newcastle West reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 19 reviews in Newcastle West over the last 12 months.

Local market activity for 2 bedroom units in Newcastle West

In the last 12 months, 8 two-bedroom units similar to 32/575 Hunter St, have been sold.

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

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Newcastle West

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Julie Lobko

Julie Lobko is a recommended agent for Newcastle West.  They have 4 local sales and collected 6 local reviews across the last 12 months.

  •   5   (24 reviews)
  •  6 Reviews in Newcastle West
  •  4 Sales in Newcastle West
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Patrick Skinner

Patrick Skinner is a recommended agent for Newcastle West.  They have 2 local sales and collected 4 local reviews across the last 12 months.

  •   5   (47 reviews)
  •  4 Reviews in Newcastle West
  •  2 Sales in Newcastle West
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Tony Reville

Sellers who recommend Tony Reville have praised them for being clear communication, local expert, supportive, reliable, responsive, honest and great negotiation

  •   4.9   (290 reviews)
  •  3 Reviews in Newcastle West
  •  2 Sales in Newcastle West
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Lyndall Allan

Sellers who recommend Lyndall Allan have praised them for being clear communication, local expert, honest, supportive, responsive, friendly and well-prepared

  •   5   (494 reviews)
  •  3 Reviews in Newcastle West
  •  1 Sale in Newcastle West
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