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Back 39/575 Hunter St
Off Market

39/575 Hunter St

Newcastle West NSW 2302

2
2
1
0 m²
Unit
James EnglishJames English, last sold this property on 29 September 2025 after 123 days on market.

Overview

Exceptional Investment Opportunity

Located in the renowned Quest Apartments complex, this spacious two-bedroom apartment presents an outstanding investment opportunity in one of Newcastle's most sought-after corporate accommodation hubs. Favoured by business travellers and executives, The Quest is a well-established name, offering investors stable returns and peace of mind. This particular apartment delivers a strong rental income of $31,017 per annum (approx. $2,584.75 per month) with a secure lease currently in place for the next 5 years, along with three additional 5-year renewal options. The lease includes a 3% annual increase, further strengthening its long-term yield potential — currently offering a return of nearly 5%. A key advantage of this investment is its low outgoing costs. As the property owner, you are only responsible for the capital works component of the strata and the council rates. All other outgoings — including administrative strata fees, water usage, gas, electricity, and the remaining council rates — are covered by the tenant, The Quest. Apartment Features: - Situated on the fifth floor - Light-filled central living space with split system air-conditioning and expansive windows - Large main bedroom with private balcony and impressive views of the city skyline - Fully equipped kitchen with electric cooktop and oven, plus generous storage - Separate, full-sized laundry — a rarity in modern apartments - Access to building amenities including an indoor pool, spa, and gym Financial Snapshot: - Rental Income: $31,017 p.a. - Annual Rental Increase: 3% - Lease Term: 5 years + 3 x 5-year renewal options - Council Rates: Approx. $1,597 p.a. - Strata Rates: Approx. $450 p.q - Minimal owner expenses and consistent income stream 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 39/575 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 39/575 Hunter St

2025
Sold
Undisclosed
Private Sale/Treaty on 29 Sep 2025 by James English, of Wilton Lemke Stewart
2014
Sold
Undisclosed
02 Jun 2014 by Michelle Hannah, of Robinson Property

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 39/575 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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