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Sold on 26 Sep 2024 for $13,500,000

1 Wisbeach Street
Balmain NSW 2041

Bedrooms: 2
Bathrooms: 20
Car spaces: 24
Land area: 90m2
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Property Details for 1 Wisbeach St, Balmain

1 Wisbeach St, Balmain is a 2 bedroom, 20 bathroom Unit with 24 parking spaces. The property has a land size of 90m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 2 bedroom Unit sold in Balmain in the last 12 months.

Building Type
Unit
Land Size
90m2
Local Government
Inner West
Lot/Plan
A/DP159256

Last Listing description (September 2024)

This is an extremely rare blue chip investment opportunity to acquire a block of 24 apartments in one of Sydney's most beautiful harbourside suburbs. The building is set on 1,062sqm of square land with dual street frontage, only approx. 3km to Sydney's CBD. This outstanding opportunity comprises of 6 x studios, 12 x 1 bedroom and 6 x 2 bedroom apartments all with 1 bathroom and undercover parking. The opportunities are endless with potential to Strata and sell down or continue to hold in-one-line for a strong rental yield in a premier suburb.

Entire Block of 24 Apartments
All apartments have one bathroom

Comprising of 6 x studios, 12 x 1br, 6 x 2br
Blue chip investment opportunity
Undercover parking for all apartments
Only moments to Sydney's CBD
Set on 1,062sqm of land
Currently returning $732,160pa*

Ray White Double Bay - The Team of Professionals You Deserve

Our recommended loan broker https://broker.loanmarket.com.au/DOUBLE-BAY

Property History for 1 Wisbeach St, Balmain, NSW 2041

A timeline of how this property has performed in the market
Last Sold
$13,500,000
26 Sep 2024
Listed for Rent
$1.00k/w
11 May 2024
  • 26 Sep 2024
    Sold for $13,500,000
  • 22 Aug 2024
    Listed for Sale Auction
  • 07 May 2024
    Listed for Rent $1,000 / week
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About Balmain 2041

The size of Balmain is approximately 1.6 square kilometres. It has 15 parks covering nearly 8.8% of total area. The population of Balmain in 2011 was 9,783 people. By 2016 the population was 10,463 showing a population growth of 7.0% in the area during that time. The predominant age group in Balmain is 30-39 years. Households in Balmain are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Balmain work in a professional occupation. In 2011, 54.2% of the homes in Balmain were owner-occupied compared with 55.6% in 2016.

Balmain has 6,022 properties. Over the last 5 years, Houses in Balmain have seen a 30.15% increase in median value, while Units have seen a 33.36% increase. As at 31 October 2024:

  • The median value for Houses in Balmain is $2,651,536 while the median value for Units is $1,372,766.
  • Houses have a median rent of $1,000 while Units have a median rent of $790.
There are currently 11 properties listed for sale, and 20 properties listed for rent in Balmain on OnTheHouse. According to CoreLogic's data, 245 properties were sold in the past 12 months in Balmain.

Suburb Insights for Balmain 2041

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Melanie Lahoud
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.