OFF MARKET

98 Shepherd Street
Chippendale NSW 2008

Bedrooms: -
Bathrooms: -
Car spaces: 4
Land area: 137m2
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Property Details for 98 Shepherd St, Chippendale

98 Shepherd St, Chippendale is a 0 bedroom, 0 bathroom House with 4 parking spaces and was built in 2003. The property has a land size of 137m2. While the property is not currently for sale or for rent, it was last sold in November 2020.

Building Type
House
Year Built
2003
Land Size
137m2
Local Government
Sydney
Lot/Plan
1/DP502459

Last Listing description (November 2020)

First time offered, this pair of adjoining Victorian terraces on a vast 278 sqm in the heart of Chippendale's leafy creative quarter presents a remarkable opportunity. Currently utilised as a 13-room boarding house, this two-storey property is set on a level dual access block just up from Peace Park in a dynamic city fringe enclave home to celebrated galleries, design studios and eat streets on the city fringe. This solid income-earner comes with secure parking for four cars via Pine Place and offers potential to renovate and improve your return, exciting redevelopment potential to create either new-gen studios or a boutique residential development or reconfigure into two grand family homes (STCA). A key location just over 2km to the CBD in Sydney's university belt, a level walk to Central Park Mall, assures strong rental demand along with capital growth potential ideal for the long-term investor, SMSF buyer or developer keen to explore the myriad of redevelopment opportunities.

- Pair of Victorian terraces on 2 titles
- Offered in one line, 278 sqm approx. combined land parcel

- Dual street access via Pine Place for 4 cars
- Invaluable city fringe landbank asset
- Creative arts hub & design precinct
- Part of an eclectic leafy streetscape
- Fringing Sydney's university district
- Currently operating as a 13 room boarding house since 1983
- Low vacancy, steady income stream
- Attractive long-term rental returns
- Shared common areas, gas kitchens
- 3.5 bathrooms and laundry facilities
- Some original features, high ceilings
- Refurbish and increase rental yield
- Potential to create studios or boutique residential development (STCA)
- Option to recreate 2 grand terrace homes - each with multiple off street parking (STCA)
- Leafy street surrounded by pocket parks
- Stroll to celebrated cafes & galleries
- Walk to Central Park Mall, Spice Alley
- 550m to Chippendale Green's urban park
- Walk to University of Sydney & UTS
- 800m to Redfern station & village hub
- Easy city access, 2km approx. to CBD

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Property History for 98 Shepherd St, Chippendale, NSW 2008

A timeline of how this property has performed in the market
Last Sold
$2,650,000
07 Nov 2020
  • 07 Nov 2020
    Sold for $2,650,000
  • 29 Oct 2020
    Listed for Sale Auction 28 November
  • 23 Feb 2005
    Sold for $532,500
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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 5,650 properties. Over the last 5 years, Houses in Chippendale have seen a 15.28% increase in median value, while Units have seen a -0.40% decrease. As at 30 November 2024:

  • The median value for Houses in Chippendale is $1,751,893 while the median value for Units is $841,730.
  • Houses have a median rent of $900 while Units have a median rent of $850.
There are currently 45 properties listed for sale, and 62 properties listed for rent in Chippendale on OnTheHouse. According to CoreLogic's data, 238 properties were sold in the past 12 months in Chippendale.

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