1/47 Mitchell St, Merewether NSW 2291
Merewether Unit
Technical details
How this sale compares
Sold for $815,000 in Oct 2023, up $255,000 (46%) on the $560,000 paid in Mar 2021. That is about 15.3% a year over 2.6 years.
Over the same period the median unit price in Merewether fell 1%, from $830,000 in 2021 to $820,000 in 2023.
The 2023 sale was in line with the Merewether median unit price for that year ($820,000 across 77 sales).
Since then the median unit price in Merewether has risen 20%, from $820,000 in 2023 to $982,500 over the last 12 months (88 sales).
Merewether medians use NSW Valuer General sales of $50,000 or more, leaving out part-interest transfers and contracts covering several properties, and need at least 10 sales in the period. See Merewether sold prices by year.
Rent and yield
Units in postcode 2291 rented for a median $620 a week, from 240 bonds lodged Oct 2025 to Sep 2026.
On its last sale of $815,000 on 20 Oct 2023, that rent is a gross yield of 4.0% a year, before costs and vacancies.
Median weekly rents from residential rental bonds lodged with NSW Fair Trading, by postcode. This home's own rent may differ. See rents by bedrooms in Merewether.
Planning controls
- Zone
- R2 Low Density Residential
- Minimum lot size
- 400 m² For subdividing the whole site, not one unit
- Maximum building height
- 8.5 m
- Floor space ratio
- 0.75:1 Floor area allowed for each square metre of site
From the Newcastle Local Environmental Plan 2012 maps on the NSW Planning Portal, looked up at this address's map point on 22 Oct 2026. A control can cover only part of a site and plans change, so the council's planning certificate is the formal record. Planning data from the NSW Department of Planning, Housing and Infrastructure, CC BY 4.0.
Related sales
Sale history
Sold is the contract date, when the sale was agreed. Settled is the date ownership transferred.
| Beds | Baths | Cars | Title reference | |||
|---|---|---|---|---|---|---|
| 20 Oct 2023 | 24 Nov 2023 | $815,000 | - | - | - | 1/SP16230 |
| 1 Mar 2021 | 7 May 2021 | $560,000 | - | - | - | 1/SP16230 |
$815,000 Sold 20 Oct 2023
Settled24 Nov 2023
Beds-
Baths-
Cars-
Title reference: 1/SP16230
$560,000 Sold 1 Mar 2021
Settled7 May 2021
Beds-
Baths-
Cars-
Title reference: 1/SP16230
Other sales at 47 Mitchell St
The most recent sales of other units in this building. See every sale in the building.
| Beds | Baths | Cars | Title reference | ||||
|---|---|---|---|---|---|---|---|
| 10 | 31 Jul 2026 | 28 Aug 2026 | $860,000 | - | - | - | 10/SP16230 |
| 10 | 4 Oct 2024 | 21 Nov 2024 | $765,000 | - | - | - | 10/SP16230 |
| 4 | 18 Oct 2024 | 15 Nov 2024 | $771,500 | - | - | - | 4/SP16230 |
| 8 | 18 Jun 2020 | 30 Jul 2020 | $540,000 | - | - | - | 8/SP16230 |
| 7 | 12 Jun 2020 | 24 Jul 2020 | $515,000 | - | - | - | 7/SP16230 |
| 4 | 8 Jan 2019 | 14 Feb 2019 | $477,000 | - | - | - | 4/SP16230 |
| 8 | 3 Aug 2018 | 27 Aug 2018 | $530,000 | - | - | - | 8/SP16230 |
| 6 | 8 Sep 2017 | 20 Oct 2017 | $550,000 | - | - | - | 6/SP16230 |
| 2 | 18 Jun 2015 | 23 Jul 2015 | $448,500 | - | - | - | 2/SP16230 |
$860,000 Sold 31 Jul 2026
Title reference: 10/SP16230
$765,000 Sold 4 Oct 2024
Title reference: 10/SP16230
$771,500 Sold 18 Oct 2024
Title reference: 4/SP16230
$540,000 Sold 18 Jun 2020
Title reference: 8/SP16230
$515,000 Sold 12 Jun 2020
Title reference: 7/SP16230
$477,000 Sold 8 Jan 2019
Title reference: 4/SP16230
$530,000 Sold 3 Aug 2018
Title reference: 8/SP16230
$550,000 Sold 8 Sep 2017
Title reference: 6/SP16230
$448,500 Sold 18 Jun 2015
Title reference: 2/SP16230
Recent sales on Mitchell St
Sold in the last two years.
- 2/27 Mitchell St, Merewether 2291 $655,000 sold 27 Aug 2026
- 5/84 Mitchell St, Merewether 2291 $750,000 sold 22 May 2026
- 76 Mitchell St, Merewether 2291 $1,552,000 sold 8 Jan 2026, 318 m²
- 6/80 Mitchell St, Merewether 2291 $845,000 sold 15 Dec 2025
- 1/57 Mitchell Street, Merewether 2291 $740,000 sold 15 Dec 2025
- 95 B Mitchell St, Merewether 2291 $3,400,000 sold 1 Oct 2025, 355 m²
- 3/83 Mitchell Street, Merewether 2291 $1,400,000 sold 10 Sep 2025
- 91 Mitchell St, Merewether 2291 $960,000 sold 18 Aug 2025, 122 m²
Recent sales nearby
Sold in the last 12 months within about 400 metres.
- 34 Ridge St, Merewether 2291 $1,750,000 sold 19 Aug 2026, 506 m²
- 1/6 Robert St, Merewether 2291 $1,570,000 sold 7 Aug 2026
- 43 Berner St, Merewether 2291 $2,650,000 sold 31 Jul 2026, 604 m²
- 3/52 Merewether St, Merewether 2291 $985,000 sold 13 Jul 2026
- 2/69 Berner St, Merewether 2291 $1,230,000 sold 9 Jul 2026
- 4/61 Merewether St, Merewether 2291 $900,000 sold 1 Jul 2026
- 3/36 Winsor St, Merewether 2291 $1,425,000 sold 19 Jun 2026
- 41 Berner St, Merewether 2291 $7,400,000 sold 12 Jun 2026, 588 m²