Back 5/138 Morgan Street
Off Market

5/138 Morgan Street

Merewether NSW 2291

2
1
1
1763 m²
Apartment
Last sold for $810,000
Shaylee DeanShaylee Dean, last sold this property on 31 March 2026 after -12 days on market.

Overview

Stylishly renovated apartment in Merewether minutes from the heart of the city and the beach

This beautifully renovated 2-bedroom property is your chance to buy into a hot market in Newcastle's hottest suburb! With views across the harbour city and north-east to Cooks Hill, this modern beach unit is in a prime location for you to live your best coastal life just minutes from the city. Rise with the sun and head to Merewether Beach(just 3 minutes away) for an early morning surf with the dolphins, then watch that same gorgeous sun set from your private balcony, cold drink in hand, on a lazy afternoon. This surprisingly spacious unit has been tastefully renovated with immaculate attention to detail. Vivid white paint, bamboo floors, on-trend textured walls, plantation shutters and sheer floor-to-ceiling curtains will please the most discerning lover of the modern beachy/boho style. The kitchen, with its city and coastal views, features new appliances, soft closing cabinetry and a funky stainless splash back. But, if you don't feel like cooking, jump in an Uber and in 4 minutes you can be ordering a beer and a buffalo chicken burger at The Beaches Hotel or arancini and a cocktail at the already iconic Merewether Surfhouse. The double brick structure and air conditioning will leave you cool in Summer, especially when the sea breezes sweep across the balcony. With Winter coming enjoy your G and T on the balcony bar then pick up a curry from Raj's on Beaumont Street(just 3 minutes drive) and curl up on the couch. Or light some candles and take a soak in the tub in the modern bathroom with its floor to ceiling tiles in a gorgeous neutral palette with custom timber features. With this modern renovation completed for youyou can simply sit back and enjoy the blissful city beach life. - 3rd floor, 2- bedroom unit with views across the city and to Cooks Hill - Private balcony to catch the sea breezes and make the most of those vistas - Styled beautifully throughout with textured walls, custom timber features, plantation shutters and bamboo floors - Kitchen boasts soft close drawers, feature timber shelves and quality appliances - Separate laundry downstairs which doubles as a storage locker for the mountain bikes or surfboard - Incredibly central location - 3 minutes to Merewether Beach home to some of Australia's best surfers and surf breaks - Also 3 minutes to The Junction and Beaumont Street with their host of restaurants, boutiques and specialty shops - 7 minutes to the CBD and 8 minutes to Honeysuckle dining precinct -7 minutes drive to Kotara Westfield and Homemaker Centre Outgoings: Council Rate: $1,772 approx per annum Water Rate: $1,152 approx per annum Strata Rate: $5,872 approx per annum Disclaimer: All information provided by Presence Real Estate in the promotion of a property for either sale or lease has been gathered from various third-party sources that we believe to be reliable. However, Presence Real Estate cannot guarantee its accuracy, and we accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements in the information provided. Prospective purchasers and renters are advised to carry out their own investigations and rely on their own inquiries. All images, measurements, diagrams, renderings and data are indicative and for illustrative purposes only and are subject to change. The information provided by Presence Real Estate is general in nature and does not take into account the individual circumstances of the person or persons objective financial situation or needs.

Features

2 bedrooms
1 bathroom
1 carspace
1763 m² lot size
Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Merewether over the last 12 months, the estimated median property value of 5/138 Morgan Street is $855k.

Median value
$855k
Estimated value range
$765k - $1.94m
Median days on market
28
Estimated value trend
9%
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 5/138 Morgan Street

2026
Sold
$810,000
Private Sale/Treaty on 31 Mar 2026 by Shaylee Dean, of Presence Real Estate Newcastle
2023
Rented
Undisclosed
Leased on 10 Aug 2023 by BonVilla Pty Ltd
2023
Rented
Undisclosed
Leased on 30 Jan 2023 by BonVilla Pty Ltd

Happy sellers in Merewether

81%
81% 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 88 reviews in Merewether over the last 12 months.

Local market activity for 2 bedroom apartments in Merewether

In the last 12 months, 15 two-bedroom apartments similar to 5/138 Morgan Street, have been sold.

This represents a 22% increase in two-bedroom apartments sales when compared to the previous 12 months.

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