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  • 115/88 King Street, NEWTOWN, NSW 2042

115/88 King Street, Newtown, NSW 2042

  • 1 Bath

For Sale

For Sale | $350,000

Perfectly positioned first home, bolthole, or investment

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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avatar Adam Freitas
Adam Freitas
Partner
avatar Michael Harris
Michael Harris
Director

Got a property to sell? Contact us for a free Request Appraisal

Property Info:
  • Property ID: L27404370
  • Property Type:Studio
  • Building / Floor Area:25 sqm
We Know Your Area
R&H Suburb Profile: Newtown
R&H Suburb SummaryHouses
Number of sales163
Average Price$1,962,098
Median Price$1,830,000
Median Rental Price$895 p.w.
Change in Rental Rate (5yr)19 %
R&H Suburb SummaryUnits
Number of sales154
Average Price$895,570
Median Price$812,000
Median Rental Price$640 p.w.
Change in Rental Rate (5yr)33 %
Median Trend - $1,830,000
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