4/240 Newcastle Rd, Jesmond NSW 2299
Jesmond Unit
Technical details
How this sale compares
Sold for $622,500 in Nov 2021, up $212,500 (52%) on the $410,000 paid in Feb 2014. That is about 5.5% a year over 7.8 years.
The 2021 sale was 37% above the Jesmond median unit price for that year ($453,000 across 39 sales).
Since then the median unit price in Jesmond has risen 47%, from $453,000 in 2021 to $665,000 over the last 12 months (27 sales).
Jesmond 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 Jesmond sold prices by year.
Rent and yield
Units in postcode 2299 rented for a median $480 a week, from 136 bonds lodged Oct 2025 to Sep 2026.
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 Jesmond.
Planning controls
- Zone
- R2 Low Density Residential
- Minimum lot size
- 450 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 | |||
|---|---|---|---|---|---|---|
| 5 Nov 2021 | 3 Dec 2021 | $622,500 | - | - | - | 4/SP90816 |
| 3 Feb 2014 | 30 Jan 2015 | $410,000 | - | - | - | 4/SP90816 |
$622,500 Sold 5 Nov 2021
Settled3 Dec 2021
Beds-
Baths-
Cars-
Title reference: 4/SP90816
$410,000 Sold 3 Feb 2014
Settled30 Jan 2015
Beds-
Baths-
Cars-
Title reference: 4/SP90816
Other sales at 240 Newcastle Rd
The most recent sales of other units in this building. See every sale in the building.
| Beds | Baths | Cars | Title reference | ||||
|---|---|---|---|---|---|---|---|
| 6 | 5 Jun 2026 | 17 Jul 2026 | $705,000 | - | - | - | 6/SP90816 |
| 3 | 11 Sep 2025 | 16 Oct 2025 | $676,000 | - | - | - | 3/SP90816 |
| 6 | 22 Nov 2021 | 21 Dec 2021 | $630,000 | - | - | - | 6/SP90816 |
| 5 | 2 Nov 2017 | 6 Dec 2017 | $475,000 | - | - | - | 5/SP90816 |
| 5 | 8 Jan 2014 | 30 Jan 2015 | $430,000 | - | - | - | 5/SP90816 |
| 2 | 16 Apr 2014 | 30 Jan 2015 | $430,000 | - | - | - | 2/SP90816 |
| 3 | 11 Feb 2014 | 30 Jan 2015 | $410,000 | - | - | - | 3/SP90816 |
$705,000 Sold 5 Jun 2026
Title reference: 6/SP90816
$676,000 Sold 11 Sep 2025
Title reference: 3/SP90816
$630,000 Sold 22 Nov 2021
Title reference: 6/SP90816
$475,000 Sold 2 Nov 2017
Title reference: 5/SP90816
$430,000 Sold 8 Jan 2014
Title reference: 5/SP90816
$430,000 Sold 16 Apr 2014
Title reference: 2/SP90816
$410,000 Sold 11 Feb 2014
Title reference: 3/SP90816
Recent sales on Newcastle Rd
Sold in the last two years.
- 3/230 Newcastle Road, Jesmond 2299 $438,000 sold 5 Dec 2025
- 12/230 Newcastle Road, Jesmond 2299 $410,000 sold 20 Nov 2025
- 9/230 Newcastle Road, Jesmond 2299 $450,000 sold 29 Aug 2025
- 236 Newcastle Road, Jesmond 2299 $840,000 sold 3 Jul 2025, 740 m²
- 4/230 Newcastle Road, Jesmond 2299 $380,000 sold 9 May 2025
- 2/230 Newcastle Road, Jesmond 2299 $350,000 sold 3 Feb 2025
- 14/230 Newcastle Road, Jesmond 2299 $310,000 sold 30 Jan 2025
Recent sales nearby
Sold in the last 12 months within about 400 metres.
- 3/94 Michael St, Jesmond 2299 $670,000 sold 19 Aug 2026
- 4 Ralph St, Jesmond 2299 $790,000 sold 24 Jul 2026, 306 m²
- 84 Michael St, Jesmond 2299 $750,000 sold 21 Jul 2026, 594 m²
- 5/11 William St, Jesmond 2299 $665,000 sold 20 Jul 2026
- 1/3 Ralph St, Jesmond 2299 $671,000 sold 11 Jun 2026
- 4/94 Michael St, Jesmond 2299 $605,000 sold 15 May 2026
- 53 William St, Jesmond 2299 $450,000 sold 5 May 2026, 651 m²
- 87 Michael St, Jesmond 2299 $840,000 sold 24 Apr 2026, 677 m²