2/42 Morgan Street, Merewether NSW 2291
1 beds
1 baths
1 cars
Spachus Insights
View Merewether market
Price position
Below suburb median
65.4% below the current suburb median listing price.
Buyer negotiation signal
Competitive conditions
The suburb median sold price is $85,000 above the median listing price.
Selling pace
Slower than typical
34 days typical · Property listed 75 days (121% longer).
Property details
Entry level opportunity in beachside Merewether
Positioned on the ground floor, this spacious one-bedroom unit offers an affordable entry into one of Newcastle''s most sought-after suburbs. Comfortable to enjoy from day one, it also presents the opportunity to add your own style over time, transforming it into a stylish coastal retreat just over 1km from Merewether Beach.
1Bedrooms
1Bathrooms
1Car spaces
ApartmentProperty type
Merewether market
Full suburb reportMedian listing$1,575,000
Median sold$1,660,000
Typical selling time34 days
Tracked sold properties78
Spachus Property Estimate
$640,000
Automated estimate based on available property and market data.
Not a formal valuation.
Asking vs estimate
-$95,000
14.8% below the Spachus estimate
Property Overview
2/42 Morgan Street, Merewether NSW 2291 is an apartment. It has 1 bedroom, 1 bathroom and 1 car space. It is currently listed at $545,000. It has been on the market for 75 days. In Merewether, the median listing price is $1,575,000 and the median sold price is $1,660,000. Its current asking price is $1,030,000 (65.4%) below the Merewether median listing price. Properties in Merewether typically sell in around 34 days based on Spachus tracked sales data. It has currently been on the market 41 days longer than the Merewether typical selling time.
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