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Sold on 11 Oct 2024 for $2,300,000

25/85 Palmer Street
Balmain NSW 2041

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 209m2
Land area: 20637m2
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Property Details for 25/85 Palmer St, Balmain

25/85 Palmer St, Balmain is a 3 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2000. The property has a land size of 20637m2 and floor size of 209m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 3 bedroom Unit sold in Balmain in the last 12 months.

Building Type
Unit
Year Built
2000
Floor Size
209m2
Land Size
20637m2
Local Government
Inner West
Lot/Plan
100/SP61963

Last Listing description (November 2024)

In a quietly elevated setting, this split level house-like apartment in sought-after 'Somerset Mews' enjoys a wonderfully private aspect overlooking the green space of Palmer Street Park and with views towards the harbour, city skyline and entire Anzac Bridge. The apartment is highlighted by two balconies featuring the dynamic views plus a private sundrenched rooftop area perfect for entertaining, with interiors offering spacious living and three bedrooms including a whole-floor master suite adjoining the terrace. Complete with garaging for two cars, the apartment offers that rare balance of space, peace and convenience within 500m of shops, cafes and dining along Darling Street and with rapid access into the heart of the city.

- Top floor featuring intercom entry security
- Double brick with zoned ducted r/c air con and heating

- Park and city view balconies on both levels plus roof terrace
- Oversized living and dining area featuring a granite kitchen
- All beds with built-ins and views, full ensuite and main bath
- Internal laundry room plus basement lock-up double garage
- On-site heated 25m swimming pool, spa, sauna and gymnasium

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Property History for 25/85 Palmer St, Balmain, NSW 2041

A timeline of how this property has performed in the market
Last Sold
$2,300,000
11 Oct 2024
Listed for Rent
04 Dec 2014
  • 11 Oct 2024
    Sold for $2,300,000
  • 20 Sep 2024
    Listed for Sale Sold $2,300,000
  • 04 Nov 2014
    Listed for Rent - Price not available
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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 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 10 properties listed for sale, and 20 properties listed for rent in Balmain on OnTheHouse. According to CoreLogic's data, 242 properties were sold in the past 12 months in Balmain.

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