SOLD
Sold on 15 Sep 2023 for $635,000

508/5 Park Lane
Chippendale NSW 2008

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Land area: 48m2
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Property Details for 508/5 Park Lane, Chippendale

508/5 Park Lane, Chippendale is a 1 bedroom, 1 bathroom Unit and was built in 2013. The property has a land size of 48m2. While the property is not currently for sale or for rent, it was last sold in September 2023. There are other 1 bedroom Unit sold in Chippendale in the last 12 months.

Building Type
Unit
Year Built
2013
Land Size
48m2
Local Government
Sydney
Lot/Plan
103/SP88565

Last Listing description (February 2022)

Lokal Realty proudly present this fully furnished executive one bedroom apartment is located in the landmark "Central Park" complex

Defining features:

- Sun-drenched open plan living area with warm timber floors
- Modern designer gas kitchen
- Good size bedroom with built-in-robes
- Stylish designer bathroom with frameless shower screen
- Ducted air-conditioning and internal laundry
- 24-hr concierge service, secure lift access and intercom entry
- Impressive facilities includes pool with sundeck and gym
- Footsteps to Central Park's shopping and dining hub
- Approx. 700m to Central Station, 400m to Broadway Shopping Centre

Property History for 508/5 Park Lane, Chippendale, NSW 2008

A timeline of how this property has performed in the market
Last Sold
$635,000
15 Sep 2023
Listed for Rent
$600/w
16 Feb 2022
  • 15 Sep 2023
    Sold for $635,000
  • 08 Feb 2022
    Listed for Rent - Price not available
  • 22 Apr 2013
    Sold for $570,000

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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 5,630 properties. Over the last 5 years, Houses in Chippendale have seen a 33.56% increase in median value, while Units have seen a 2.99% increase. As at 31 July 2024:

  • The median value for Houses in Chippendale is $1,709,520 while the median value for Units is $833,037.
  • Houses have a median rent of $1,100 while Units have a median rent of $825.
There are currently 49 properties listed for sale, and 36 properties listed for rent in Chippendale on OnTheHouse. According to CoreLogic's data, 228 properties were sold in the past 12 months in Chippendale.

Suburb Insights for Chippendale 2008

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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.