SOLD
Sold on 19 Jan 2024 for $1,100,000

504/1-5 Park Lane
Chippendale NSW 2008

Bedrooms: 2
Bathrooms: 2
Car spaces: -
Floor area: 81m2
Land area: 107m2
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Property Details for 504/1-5 Park Lane, Chippendale

504/1-5 Park Lane, Chippendale is a 2 bedroom, 2 bathroom Unit and was built in 2013. The property has a land size of 107m2 and floor size of 81m2. While the property is not currently for sale or for rent, it was last sold in January 2024. There are other 2 bedroom Unit sold in Chippendale in the last 12 months.

Building Type
Unit
Year Built
2013
Floor Size
81m2
Land Size
107m2
Local Government
Sydney
Lot/Plan
86/SP88565

Last Listing description (January 2024)

Welcome home to the modern lifestyle aligned in design and convenience to match, attractively positioned in Central Park. Walk into an open-plan living and dining with a 180-degree winter garden enjoying views of the park featuring floor-to-ceiling windows, bathing the entire apartment with plenty of natural light. This luxury apartment features ducted air-conditioning throughout, good quality tiles and carpet with modern kitchen finishes, good quality appliances and gas cooking. All bedrooms are masters with their own ensuites, having built-in wardrobes enjoying views of the park.

Central Park is home to over 40 retailers including major brands such as HYPE, GLU, Superdry, Daiso, Woolworths, and Priceline as well as other amenities including Medical Centre and tempting cafes and restaurants.

Notable features include:

- Parkside views in both the bedrooms and open-plan living
- 180-degree winter garden with floor-to-ceiling windows
- Plenty of natural light throughout
- Modern kitchen and finishes with gas cooking
- Good quality tiles, carpet, and appliances
- All bedrooms are master bedrooms with ensuites and builtins
- Ducted air-con; internal laundry; security car parking; storage; on-site building manager

Outgoings
Strata - $3,750 pq approx (includes water rates)
Council - $303 pq approx

Do not miss your opportunity and contact us today!

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Property History for 504/1-5 Park Lane, Chippendale, NSW 2008

A timeline of how this property has performed in the market
Last Sold
$1,100,000
19 Jan 2024
Listed for Rent
$1.00k/w
23 May 2022
  • 19 Jan 2024
    Sold for $1,100,000
  • 07 Aug 2023
    Listed for Rent $1,000 / week
  • 02 May 2022
    Listed for Rent $1,050 / week
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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 5,522 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 49 properties listed for sale, and 63 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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