Located in the heart of Newtown this first floor apartment is set within one of the area’s first warehouse conversions and offers an ultra-desirable lifestyle opportunity amid the ever-energetic atmosphere that is on offer along King Street. A great entry level, city escape or investment opportunity.
- Currently tenanted, gross rental yield 6.3%
- Positioned at the rear of the building for added privacy and peace.
- Light-filled, air-conditioned apartment offering a tranquil retreat.
- Equipped with an intercom system and shared laundry facilities.
- Complex features a resort-style pool and entertaining area.
- Steps to Hollis Park, King Street’s dining, nightlife, boutiques and cafes
- Approx. 700m to Sydney University and The Royal Prince Alfred Hospital.
- Current rent: $430 per week. Expired lease.
- Council rates: $355 per quarter approx.
- Water rates: $178 per quarter approx.
- Strata rates: $1,890,27 per quarter approx.
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R&H Suburb Summary | Houses |
---|---|
Number of sales | 147 |
Average Price | $1,954,145 |
Median Price | $1,877,500 |
Median Rental Price | $900 p.w. |
Change in Rental Rate (5yr) | 20 % |
R&H Suburb Summary | Units |
---|---|
Number of sales | 154 |
Average Price | $928,052 |
Median Price | $818,000 |
Median Rental Price | $650 p.w. |
Change in Rental Rate (5yr) | 35 % |
115/88 King Street, Newtown,
New South Wales, 2042