SOLD
RECENT ADVICE
Sold on 17 May 2024 for $625,000

2/75 Glassop Street
Balmain NSW 2041

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Property Details for 2/75 Glassop St, Balmain

2/75 Glassop St, Balmain is a 1 bedroom, 1 bathroom Apartment. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 1 bedroom Apartment sold in Balmain in the last 12 months.

Building Type
Apartment
Local Government
Inner West
Lot/Plan
2/SP13930

Last Listing description (May 2024)

Situated on the ground floor of a small well maintained security building of just 12, this well presented one bedroom apartment offers a rare opportunity for maximum lifestyle benefits at an entry level budget.

Located just minutes from the vibrant hub of Balmain village, you will be spoiled for choice by Darling Street's vast array of trendy cafes & restaurants, buzzing wine bars & pubs and boutique shops, with public transport to the CBD, Elkington Park, Dawn Fraser Baths, and the magnificent harbour foreshore all a short stroll from your doorstep.

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:

- Polished timber parquetry floors throughout
- Updated kitchen with breakfast bar
- Bathroom with original vintage mosaic tiled flooring
- Large bedroom with built-in wardrobe
- Ceiling fans in the living & bedroom
- Roller blinds & curtains throughout
- Linen cupboard
- Private & leafy outlook
- Security building with intercom & shared laundry

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 2/75 Glassop St, Balmain, NSW 2041

A timeline of how this property has performed in the market
Last Sold
$625,000
17 May 2024
Listed for Rent
$520/w
03 Jul 2024
  • 26 Jun 2024
    Listed for Rent $520 / week
  • 10 May 2024
    Sold for $625,000
  • 07 Feb 2024
    Listed for Sale SOLD $625,000
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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.

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