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Sold on 01 Apr 2024 for $950,000

503/5 Park Lane
Chippendale NSW 2008

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 82m2
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Property Details for 503/5 Park Lane, Chippendale

503/5 Park Lane, Chippendale is a 2 bedroom, 1 bathroom Apartment with 1 parking spaces. The property has a floor size of 82m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 2 bedroom Apartment sold in Chippendale in the last 12 months.

Building Type
Apartment
Floor Size
82m2
Local Government
Sydney
Lot/Plan
98/SP88565

Last Listing description (April 2024)

The tower and the adjacent park are linked by a series of cascading planted terraces. A lower-level plaza lined with cafes and shops provides access to the shopping center from the park. Through-block links from the main street through the shopping center to the park connect the elements together in a fluid architectural promenade.

Situated on Level 5. This is a great opportunity for investors as it with very high rental return (The rent is estimated around $1100-$1200 per week).

Rich in amenities, this Central Park apartment features:

- Award winning modern design
- Elegant finishes, with both tile and carpet flooring
- West facing park views, captured through floor-to-ceiling window
- Secure car space
- Security building
- Fitness centre with heated pool, commercial sized gym & spa
- 6 star green rated development
- 5 level shopping centre with Woolworths

Outgoings (approximation *subject to change)

council rate: $308.6 per quarter
Water rates: $88.99 per quarter

Don't miss out on this lifestyle opportunity.
For more information or to discuss this property, please contact:
Bruce 0478 886 675 / Robert 0411 732 507

*All information contained herein is gathered from sources we consider to be reliable, however, we cannot guarantee or give any warranty to the information provided.

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Property History for 503/5 Park Lane, Chippendale, NSW 2008

A timeline of how this property has performed in the market
Last Sold
$950,000
01 Apr 2024
Listed for Rent
$720/w
13 Dec 2021
  • 12 Apr 2024
    Sold for $935,000
  • 09 Jan 2024
    Listed for Sale UNDER CONTRACT
  • 25 Nov 2021
    Listed for Rent - Price not available
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About Chippendale 2008

The size of Chippendale is approximately 0.5 square kilometres. It has 5 parks covering nearly 2.9% of total area. The population of Chippendale in 2011 was 4,056 people. By 2016 the population was 8,597 showing a population growth of 112.0% in the area during that time. The predominant age group in Chippendale is 20-29 years. Households in Chippendale are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Chippendale work in a professional occupation. In 2011, 29% of the homes in Chippendale were owner-occupied compared with 23.9% in 2016.

Chippendale has 5,532 properties. Over the last 5 years, Houses in Chippendale have seen a 12.65% increase in median value, while Units have seen a 0.16% increase. As at 31 October 2024:

  • The median value for Houses in Chippendale is $1,678,140 while the median value for Units is $836,656.
  • Houses have a median rent of $940 while Units have a median rent of $850.
There are currently 50 properties listed for sale, and 68 properties listed for rent in Chippendale on OnTheHouse. According to CoreLogic's data, 227 properties were sold in the past 12 months in Chippendale.

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