SOLD
RECENT ADVICE
Sold on 01 Dec 2023 for $685,000

16/7-9 Birchgrove Road
Balmain NSW 2041

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 53m2
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Property Details for 16/7-9 Birchgrove Rd, Balmain

16/7-9 Birchgrove Rd, Balmain is a 1 bedroom, 1 bathroom Apartment with 1 parking spaces. The property has a floor size of 53m2. While the property is not currently for sale or for rent, it was last sold in December 2023. There are other 1 bedroom Apartment sold in Balmain in the last 12 months.

Building Type
Apartment
Floor Size
53m2
Local Government
Inner West
Lot/Plan
16/SP9786

Last Listing description (December 2023)

A quiet setting just one block back from Darling Street's thriving cafe, restaurant, wine bar and shopping hub, and only short commute to the city by bus or ferry.

This affordable property presents a prime investment opportunity for the astute investor in one of Sydney's most desirable locations with strong rental demand, or a great opportunity for the first home buyer.

Take advantage of the Government's transfer duty exemption. The First Home Buyers Assistance Scheme has expanded. For contracts that exchange on or after 1 July 2023, eligible first home buyers will receive an exemption from transfer duty for purchases of new and existing homes up to $800,000.

The residence requirement for the First Home Buyers Assistance Scheme has increased to 12 months for contracts that exchange on or after 1 July 2023.
*Source https://www.revenue.nsw.gov.au/grants-schemes/first-home-buyer/assistance-scheme

PROPERTY FEATURES:

- Top floor elevated setting in a secure block of only 18 apartments with low strata levies
- Timber flooring throughout the living with freshly painted interiors throughout
- Updated kitchen with new stone benchtops, breakfast bar and stainless steel appliances and splashback
- Spacious open plan living with light & bright interiors taking in district and city skyline views
- Well appointed double sized bedroom with brand new plush carpet, built-in wardrobe and en-suite bathroom
- Undercover car space
- Security building with intercom
- Share laundry facilities, clothes lines & push bike racks
- Located in the heart of Balmain and close to all amenities including parks, waterfront walkways and just a moments stroll to the Riverview Hotel, The Lodge Bar, Hungry Bull cafe, Balmain Post Office, Townhall & Library.

CONTRACT & COMPLIMENTARY STRATA REPORT AVAILABLE ON REQUEST

Balmain Realty "Real Estate Solutions for the Balmain Peninsula & Inner West"

(Every precaution has been taken to establish accuracy of the above information but does not constitute any representation by the vendor or agent).

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Property History for 16/7-9 Birchgrove Rd, Balmain, NSW 2041

A timeline of how this property has performed in the market
Last Sold
$685,000
01 Dec 2023
Listed for Rent
$430/w
05 Mar 2020
  • 01 Dec 2023
    Sold for $685,000
  • 30 Oct 2023
    Listed for Sale Not Disclosed
  • 06 Feb 2020
    Listed for Rent $430 / 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 6,021 properties. Over the last 5 years, Houses in Balmain have seen a 41.78% increase in median value, while Units have seen a 31.10% increase. As at 30 September 2024:

  • The median value for Houses in Balmain is $2,743,026 while the median value for Units is $1,341,405.
  • Houses have a median rent of $1,000 while Units have a median rent of $780.
There are currently 9 properties listed for sale, and 15 properties listed for rent in Balmain on OnTheHouse. According to CoreLogic's data, 234 properties were sold in the past 12 months in Balmain.

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