OFF MARKET

321 Darling Street
Balmain NSW 2041

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Land area: 145m2
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Last updated 18 Nov 2024
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Property Details for 321 Darling St, Balmain

321 Darling St, Balmain is a 2 bedroom, 1 bathroom Unit. The property has a land size of 145m2.

Building Type
Unit
Land Size
145m2
Local Government
Inner West

Last Listing description (June 2021)

Expressions of interest open for this Retail and Residential building.

This unique offering comprises of a well exposed shop front to Darling Street currently leased as a grocery store, while above there is large two bedroom apartment with potential City skyline and Harbour Bridge views. The apartment has separate access via the rear of the building.

The property is currently leased to a single tenant on an expired lease providing for a rental of $148,320.00pa (Incl. GST) or owner occupier potential.

The site area is approximately 138sqm with a building area of approximately 230sqm.

Ripe for refurbishment and possible additions (STCA), the property is located in the heart of Balmain surrounded by Darling Street’s vibrant retail shopping precinct including cafes, restaurants, hotels as well as specialty boutiques, banks and Post Office.

The property also benefits from frequent public transport facilities via bus as well as ferry in to the Sydney CBD.

For all enquiries or to arrange an inspection please contact Tim Morrison on 0416 204 848

Property History for 321 Darling St, Balmain, NSW 2041

A timeline of how this property has performed in the market
Listed for Rent
$530/w
18 Nov 2021
  • 06 Mar 2020
    Listed for Sale Expressions of Interest

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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, 244 properties were sold in the past 12 months in Balmain.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.