3 Schultz StreetBalmain NSW 2041
Property Details for 3 Schultz St, Balmain
3 Schultz St, Balmain is a 2 bedroom, 1 bathroom House with 1 parking spaces and was built in 1935. The property has a land size of 222m2 and floor size of 77m2. While the property is not currently for sale or for rent, it was last sold in August 2018.
Last Listing description (August 2018)
First time offered on the market in over 40 years. A truly rare and desirable investment opportunity in a key Sydney growth suburb. Potential to capitalise through renovation or development (STCA).
This full brick duplex on 234m2 of land consists of two apartments each being two bedrooms, separate kitchen, bathroom, living space plus a sun-room.
Light and bright the top floor apartment which enjoys views across the bay to the Iron Cove Bridge was renovated several years ago. The downstairs apartment in more original condition could be updated.
Schools, shops, cafes, parks, the Dawn Fraser Baths, public transport are all on the doorstep of this well positioned property located on Schultz Street, a short street off Darling Street. An added bonus is access from both Schultz Street and Memory Lane.
Currently both apartments are tenanted. The opportunity presents to completely redevelop or live in one apartment and rent out the other apartment or could suit an extended family or be an addition to a Superannuation fund. Bring your builder and architect!
Property History for 3 Schultz St, Balmain, NSW 2041
- 01 Aug 2018Sold for $1,950,000
- 03 May 2018Listed for Sale Contact Agent
- 04 Feb 2011Listed 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 6,047 properties. Over the last 5 years, Houses in Balmain have seen a 48.91% increase in median value, while Units have seen a 35.01% increase. As at 31 August 2024:
- The median value for Houses in Balmain is $2,753,859 while the median value for Units is $1,336,740.
- Houses have a median rent of $1,050 while Units have a median rent of $790.
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