FOR SALE
$420,000 - $440,000

507/653 George Street
Haymarket NSW 2000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Serviced Apartment, Secure CBD Investment - Perfect for SMSF !

Unit 507, Mantra Sydney Central -
Inspections available via private appointment, please contact the agent to arrange inspections. Virtual Tour available via this advertisement, please click the link !
Presenting a fantastic opportunity to secure a set and forget investment with incredible returns located in the heart of City CBD, perfect for a long term investment or self managed super fund (SMSF) acquisition.
This fully furnished serviced studio apartment is a managed investment asset currently leased to Mantra Hotels, Sydney Central generating a gross revenue of $71,677* (July 23 - June 24), with the owner receiving 50% of the apartments revenue, minus expenses and outgoings.
Note: The monthly income, is not fixed & can fluctuate with travel demand and use of the property.
Property Features Include:
- Spacious bedroom with large window and built in wardrobe
- Kitchenette with electric cooktop
- Bathroom with bathtub and tiled floor to ceiling
- Ducted air conditioning
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Property Details for 507/653 George St, Haymarket

507/653 George St, Haymarket is a 1 bedroom, 1 bathroom Apartment. The place is currently for sale with Village Property Estate Agents.

Building Type
Apartment

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About Haymarket 2000

The size of Haymarket is approximately 0.5 square kilometres. It has 3 parks covering nearly 8.3% of total area. The population of Haymarket in 2011 was 5,376 people. By 2016 the population was 7,364 showing a population growth of 37.0% in the area during that time. The predominant age group in Haymarket is 20-29 years. Households in Haymarket are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Haymarket work in a community and personal service occupation. In 2011, 31.6% of the homes in Haymarket were owner-occupied compared with 25.1% in 2016..

Haymarket has 6,216 properties. Over the last 5 years, Houses in Haymarket have seen a 51.68% increase in median value, while Units have seen a -9.23% decrease. As at 31 August 2024:

  • The median value for Houses in Haymarket is $1,116,359 while the median value for Units is $1,059,707.
  • Houses have a median rent of $1,050 while Units have a median rent of $1,150.
There are currently 47 properties listed for sale, and 40 properties listed for rent in Haymarket on OnTheHouse. According to CoreLogic's data, 169 properties were sold in the past 12 months in Haymarket.

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Thomas (Tom) Jones
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Village Property Estate Agents
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