OFF MARKET

493B Darling Street
Balmain NSW 2041

Bedrooms: 2
Bathrooms: 2
Car spaces: -
Land area: 109m2
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Last updated 16 Dec 2024
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Property Details for 493b Darling St, Balmain

493b Darling St, Balmain is a 2 bedroom, 2 bathroom Unit. The property has a land size of 109m2. While the property is not currently for sale or for rent, it was last sold in May 2021.

Building Type
Unit
Land Size
109m2
Local Government
Inner West
Lot/Plan
9/DP606250

Last Listing description (May 2021)

We are pleased to offer 493b Darling Street, Balmain for sale by Private Treaty.

This superb offering represents a sound investment opportunity located within Balmain's retail precinct, set between both Balmain & Rozelle shopping villages. The property represents a great opportunity for investors or partial owner occupiers who may be looking for a residence with an additional income stream.

Current improvements comprise a three level brick and timber building comprising ground floor retail and an upper level, two storey residential apartment with separate rear lane access, parking and water views.

The retail space is currently let to Ally Bell Floral until January 2024. This excellent tenant has been occupying the premises for almost 4 years and has developed a strong and loyal following as one of the area's most popular florists.

- Potential Net Income - $68,000 per annum
- Current retail lease expiry January 2024 with a two-year option.
- First floor is a 2 bedroom, 2 bathroom apartment.
- Zoning Zone B2 Local Centre

Property History for 493b Darling St, Balmain, NSW 2041

A timeline of how this property has performed in the market
Last Sold
$1,800,000
17 May 2021
Listed for Rent
$650/w
12 Oct 2021
  • 17 May 2021
    Sold for $1,800,000
  • 21 Apr 2021
    Listed for Sale Contact Agent
  • 08 May 2015
    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 6,055 properties. Over the last 5 years, Houses in Balmain have seen a 26.28% increase in median value, while Units have seen a 29.06% increase. As at 30 November 2024:

  • The median value for Houses in Balmain is $2,637,656 while the median value for Units is $1,400,855.
  • Houses have a median rent of $1,000 while Units have a median rent of $780.
There are currently 7 properties listed for sale, and 20 properties listed for rent in Balmain on OnTheHouse. According to CoreLogic's data, 241 properties were sold in the past 12 months in Balmain.

Suburb Insights for Balmain 2041

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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.