2 Mimosa Avenue, Charlestown
Our clients came to us wanting to purchase specifically in the east side of Charlestown for under $900,000, as they want to move to Newcastle to start a family within the next five years. It’s becoming a tall order to find a house fitting that brief, however, we found this great property tucked away in a cul-de-sac, which is highly rentable for now and ideal for their future renovation plans.
The largest town in the region, Charlestown is a busy hub about 10km south-west of the Newcastle CBD, and is home to Charlestown Square, the largest shopping centre in The Hunter. Charlestown is close to the beautiful Glenrock State Conservation Area and is also a stop on the famous Great North Walk.
A short drive east of Charlestown, Glenrock State Conservation Area is a place to relax on empty beaches, pedal along picturesque mountain bike trails and hike through deep-green rainforest to find waterfalls.
The size of Charlestown is approximately 7.1 square kilometres. It has 50 parks covering nearly 16.4% of total area. The population of Charlestown in 2011 was 12,411 people. By 2016 the population was 12,918 showing a population growth of 4.1% in the area during that time. The predominant age group in Charlestown is 30-39 years. Households in Charlestown are primarily childless couples and are likely to be repaying $1800 – $2399 per month on mortgage repayments. In general, people in Charlestown work in a professional occupation. In 2011, 73.7% of the homes in Charlestown were owner-occupied compared with 72.6% in 2016. Currently, it sits at 74%.
Based on five years of sales, Charlestown has seen a compound growth rate of 34.2%
Presently, the median sales price of houses in the area is $893,000.
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