FOR SALE
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1-7/40 City Road
Chippendale NSW 2008

Bedrooms: 11
Bathrooms: 7
Car spaces: -
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Auction Time
Thu 20 Feb 6:00 pm
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A Superb Victorian Building with 7 Residences

Only moments from Broadway, UTS, Sydney Uni, Glebe and Newtown, is this grand and unique investment opportunity overlooking Victoria Park. Well appointed throughout, this majestic building offers accommodation over 4 levels and consists of 3 x studios, 2 x 1brs, 1 x 2br and 1 x 4br. The location simply doesn't get much better than this. Generating a strong passive income with ample scope to increase through market reviews or through short term rentals.
• A magnificent and imposing building with stunning wide entrance hall
• Prized position, seconds to the CBD
• A registered boarding house currently operating on longer term leases as a passive investment
• All apartments are self contained
• Sun-drenched rear communal courtyard
• Currently returning $187,460 per annum with scope to increase
Ray White Double Bay - Exceptional Living Begins Here
Our recommended loan broker https://broker.loanmarket.com.au/DOUBLE-BAY

Property Details for 1-7/40 City Rd, Chippendale

1-7/40 City Rd, Chippendale is a 11 bedroom, 7 bathroom BlockOfUnits. The place is currently for sale with Ray White Double Bay.

Building Type
BlockOfUnits

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About Chippendale 2008

The size of Chippendale is approximately 0.5 square kilometres. It has 5 parks covering nearly 2.9% of total area. The population of Chippendale in 2011 was 4,056 people. By 2016 the population was 8,597 showing a population growth of 112.0% in the area during that time. The predominant age group in Chippendale is 20-29 years. Households in Chippendale are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Chippendale work in a professional occupation. In 2011, 29% of the homes in Chippendale were owner-occupied compared with 23.9% in 2016.

Chippendale has 5,648 properties. Over the last 5 years, Houses in Chippendale have seen a 15.28% increase in median value, while Units have seen a -0.40% decrease. As at 30 November 2024:

  • The median value for Houses in Chippendale is $1,751,893 while the median value for Units is $841,730.
  • Houses have a median rent of $900 while Units have a median rent of $850.
There are currently 46 properties listed for sale, and 59 properties listed for rent in Chippendale on OnTheHouse. According to CoreLogic's data, 234 properties were sold in the past 12 months in Chippendale.

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Melanie Lahoud
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Breanna Skewes
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Ray White Double Bay
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