Back 8 Algona Rd
Off Market

8 Algona Rd

Charlestown NSW 2290

6
3
5
758 m²
House
Last sold for $1,100,000
Mick PhillipsMick Phillips, last sold this property on 16 May 2024 after 255 days on market.

Overview

Calling Investors - Fresh Presentation and Multiple Income Streams

An outstanding opportunity exists for investors to take full advantage of this property's diverse multiple-dwelling footprint and prime Charlestown location. Presenting versatile options for family living or home and income, the large main home boasts air-conditioned living areas, plantation shutters, versatile flooring and well-equipped kitchens. A separate two-bedroom granny flat sits at the property's rear and was constructed in 2020, boasting up-to-the-minute style and also featuring a living room with split-system air-conditioning and a glossy kitchen. Each of these dwellings are crisply presented throughout and offer lock-and-leave convenience. This is the kind of opportunity investors often seek yet rarely find. With the rooftop dining hub, retail stores and cinemas at Charlestown Square within a 5-minute stroll, medical centres on the doorstep, Fernleigh Track minutes away, and the local area short on rental accommodation, 8 Algona Road promises a rewarding and fuss-free property to add to any investment portfolio. - Split-level home configured for rental convenience, plus a modern granny flat - Combined, these dwellings have a potential income return of $1,600 per week - Split-system air-conditioning in each home backed up by ceiling fans in all bedrooms - Fresh and modern throughout, and all enjoy plenty of natural sunlight - Plantation shutters, quality floor coverings and clean, neutral colour palettes - Younger investors may choose to live in one dwelling and rent the others - Set upon a large 758sqm parcel in central Charlestown - 4-min drive to Dudley Beach, 7-mins to Redhead Beach or Warners Bay - 10-min drive to John Hunter Hospital or Newcastle's CBD and harbour

Features

6 bedrooms
3 bathrooms
5 carspaces
5 open car spaces
758 m² lot size
House

Estimated Value

Based on this property and similar 6 bedroom houses sold in Charlestown over the last 12 months, the estimated median property value of 8 Algona Rd is $1.38m.

Median value
$1.38m
Estimated value range
$1.28m - $1.62m
Median days on market
34
Estimated value trend
8%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Charlestown. 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 8 Algona Rd

2026
Rented
Undisclosed
Leased on 09 Apr 2026 by Ellejayne realty
2024
Sold
$1,100,000
16 May 2024 by Mick Phillips, of Belle Property Lake Macquarie
2018
Sold
$570,000
Private Sale/Treaty on 14 Sep 2018 by Tom Robinson, of Harcourts Newcastle

Happy sellers in Charlestown

89%
89% of sellers in Charlestown reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 81 reviews in Charlestown over the last 12 months.

Local market activity for 6 bedroom houses in Charlestown

In the last 12 months, 4 six-bedroom houses similar to 8 Algona Rd, have been sold.

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

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