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10/40 Nesca Parade, The Hill$680,000
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10/40 Nesca Parade

The Hill, NSW 2300, Australia
$680,000
2 bed 1 bath 1 car61 m²

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About this property

Privately positioned at the rear of the complex with uninterrupted views across Nesca Park, this two-bedroom apartment is the kind of investment you lock in and don't have to think twice about. Leased to Defence Housing Australia until May 2029, it delivers a secure, hands-off income of $30,160 per annum, with future flexibility to renegotiate, move in or lease out on your own terms. Inside, the layout is simple and functional. Open plan living with a/c and tiled floors keeps things low maintenance, while a picture window frames those park and city views out to Mount Sugarloaf, with sunsets that are truly magical. The electric kitchen is practical and well placed, both bedrooms include built-in robes (main with a/c), and the bathroom is neat and easy-care. A dedicated carport sits just outside, along with lockable storage at your front door. With Bar Beach, Anzac Memorial Walk, King Edward Park and Darby Street all within walking distance, it's a smart, set-and-forget asset in a location that always delivers. - Rear set apartment in well-kept complex - Split system a/c to open plan living and main bedroom - Kitchen with electric cooktop and under bench oven - Two carpeted bedrooms fitted with built-in robes - Shower bathroom, carport, lockable storage - Strolling distance to beaches, King Edward Park, the Bogey Hole, Darby Street - Leased to DHA until May 2029, guaranteed rent of $580pw Disclaimer: All information provided by Wilton Lemke Stewart in the marketing of a property for sale or lease has been sourced from various third-party outlets that we deem reliable. Nonetheless, Wilton Lemke Stewart cannot ensure its absolute accuracy, and we bear no responsibility and disclaim all liability for any errors, omissions, inaccuracies, or misstatements in the information provided. Prospective buyers and tenants are encouraged to conduct their own due diligence and rely on their own investigations. All images, measurements, diagrams, renderings, and data are indicative and for illustrative purposes only, subject to potential changes.

Property Details

Property Type
apartment
Listing Type
Sold
Bedrooms
2
Bathrooms
1
Parking
1
Land Area
61 m²
Listed
3 months ago

Repayment calculator

$3,297/month
$1,648 /fortnight
Loan $544,000 at 6.10% over 30 years

Upfront costs

Deposit$136,000
Stamp duty$21,254
Conveyancing (est.)$2,000
Total upfront$159,254
Verify with NSW revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in The Hill

This 2-bedroom apartment in The Hill, NSW 2300 sits within reach of public transport, local shops and nearby schools. It is listed 32% below the $995,000 median of 59 comparable apartmentswithin 5 km.

Schools near The Hill

  • Newcastle Grammar Schoolcombined · K-12 · CoEd

What's nearby

  • High St after Memorial Dr (bus)243 m away
  • Blooms On Darby441 m away
  • Nesca Park99 m away
  • Unnamed299 m away
  • Mosbri Crescent Park420 m away

The Hill at a glance

Full suburb profile
Population
2,076
Median age
34
Household income
$1,849/wk
Median rent
$390/wk
Median mortgage
$2,167/mo

Source: ABS Census.

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Suburb market

Suburb price trend

The Hill price trend

Median sold · Unit 2 bed

Compound growth +7.1% / yr over 4 yrs

$785kcurrent median

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