SOLD
Sold on 21 Feb 2024 for $338,000

89/24 Buchanan Street
Balmain NSW 2041

Bedrooms: -
Bathrooms: -
Car spaces: 1
Floor area: 32m2
Land area: 14711m2
Sold By
WBE Pty Ltd. T/a X Commercial
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Property Details for 89/24 Buchanan St, Balmain

Building Type
Commercial
Year Built
2001
Floor Size
32m2
Land Size
14711m2
Local Government
Inner West
Lot/Plan
89/SP65243

Last Listing description (May 2024)

Retail/Office/showroom

Retail, Office, Car Space - Total 47m
Monthly tenancy suit owner occupier or investor (strong tenancy demand), also has a prospective tenant willing to sign an immediate one year lease with a two year option.

X Factors
Street exposure and access to:
Heated pool
Gym
BBQ + garden areas
Secure parking
Vibrant community

For more information please contact the sales agent

Tim Morrison - 0416 204 848

Property History for 89/24 Buchanan St, Balmain, NSW 2041

A timeline of how this property has performed in the market
Last Sold
$338,000
21 Feb 2024
  • 21 Feb 2024
    Sold for $338,000
  • 12 May 2023
    Listed for Sale $338,000
  • 31 Oct 2022
    Listed for Sale $348,000
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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 6,055 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.

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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.