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.
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
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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:
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