3/48 Patrick St, Merewether NSW 2291
Merewether Unit
Technical details
How this sale compares
Sold for $650,000 in May 2026, up $200,000 (44%) on the $450,000 paid in Jul 2021. That is about 7.9% a year over 4.8 years.
Over the same period the median unit price in Merewether rose 18%, from $830,000 in 2021 to $977,500 in 2026.
The 2026 sale was 34% below the Merewether median unit price for that year ($977,500 across 66 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 $650,000 on 9 May 2026, that rent is a gross yield of 5.0% 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
- R3 Medium Density Residential
- Minimum lot size
- 400 m² For subdividing the whole site, not one unit
- Maximum building height
- 10 m
- Floor space ratio
- 0.9:1 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 | |||
|---|---|---|---|---|---|---|
| 9 May 2026 | 22 Jun 2026 | $650,000 | - | - | - | 3/SP12249 |
| 8 Jul 2021 | 19 Aug 2021 | $450,000 | - | - | - | 3/SP12249 |
$650,000 Sold 9 May 2026
Settled22 Jun 2026
Beds-
Baths-
Cars-
Title reference: 3/SP12249
$450,000 Sold 8 Jul 2021
Settled19 Aug 2021
Beds-
Baths-
Cars-
Title reference: 3/SP12249
Other sales at 48 Patrick St
The most recent sales of other units in this building. See every sale in the building.
| Beds | Baths | Cars | Title reference | ||||
|---|---|---|---|---|---|---|---|
| 4 | 8 Sep 2025 | 20 Oct 2025 | $585,000 | - | - | - | 4/SP12249 |
| 6 | 24 Nov 2021 | 11 Jan 2022 | $475,000 | - | - | - | 6/SP12249 |
| 7 | 15 Jan 2021 | 12 Feb 2021 | $410,000 | - | - | - | 7/SP12249 |
| 2 | 25 Oct 2019 | 22 Nov 2019 | $380,000 | - | - | - | 2/SP12249 |
| 4 | 14 Mar 2019 | 18 Apr 2019 | $390,000 | - | - | - | 4/SP12249 |
| 2 | 2 Jun 2016 | 28 Jun 2016 | $350,000 | - | - | - | 2/SP12249 |
| 7 | 3 Mar 2016 | 14 Apr 2016 | $345,000 | - | - | - | 7/SP12249 |
| 4 | 13 Jan 2016 | 17 Feb 2016 | $340,000 | - | - | - | 4/SP12249 |
$585,000 Sold 8 Sep 2025
Title reference: 4/SP12249
$475,000 Sold 24 Nov 2021
Title reference: 6/SP12249
$410,000 Sold 15 Jan 2021
Title reference: 7/SP12249
$380,000 Sold 25 Oct 2019
Title reference: 2/SP12249
$390,000 Sold 14 Mar 2019
Title reference: 4/SP12249
$350,000 Sold 2 Jun 2016
Title reference: 2/SP12249
$345,000 Sold 3 Mar 2016
Title reference: 7/SP12249
$340,000 Sold 13 Jan 2016
Title reference: 4/SP12249
Recent sales on Patrick St
Sold in the last two years.
- 15 Patrick St, Merewether 2291 $2,850,000 sold 31 Jul 2026, 228 m²
- 14/50 Patrick St, Merewether 2291 $825,000 sold 9 May 2026
- 7/50 Patrick St, Merewether 2291 $841,000 sold 25 Mar 2026
- 2/54 Patrick St, Merewether 2291 $1,100,000 sold 2 Mar 2026
- 2/25 Patrick St, Merewether 2291 $1,900,000 sold 11 Dec 2025
- 1/56 Patrick St, Merewether 2291 $1,435,000 sold 27 Nov 2025
- 2/56 Patrick St, Merewether 2291 $1,720,000 sold 15 Oct 2025
- 3/25 Patrick St, Merewether 2291 $2,000,000 sold 2 Jul 2025
Recent sales nearby
Sold in the last 12 months within about 400 metres.
- 12 Glebe Rd, The Junction 2291 $3,710,000 sold 3 Sep 2026, 617 m²
- 24 Buchanan St, Merewether 2291 $1,650,000 sold 29 Aug 2026, 205 m²
- 2/27 Mitchell St, Merewether 2291 $655,000 sold 27 Aug 2026
- 1/6 Robert St, Merewether 2291 $1,570,000 sold 7 Aug 2026
- 7 Kemp St, The Junction 2291 $2,350,000 sold 31 Jul 2026, 354 m²
- 2/5 Snedden St, Merewether 2291 $1,250,000 sold 24 Jul 2026
- 3/6 Buchanan St, Merewether 2291 $1,101,000 sold 24 Jul 2026
- 3/216 Union St, Merewether 2291 $1,450,000 sold 23 Jul 2026