408/1 Kingsway Cronulla NSW 2230
Property Details for 408/1 Kingsway, Cronulla
408/1 Kingsway, Cronulla is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2001. The property has a floor size of 85m2. While the property is not currently for sale or for rent, it was last sold in December 2023. There are other 2 bedroom Unit sold in Cronulla in the last 12 months.
Last Listing description (May 2015)
Invest in your future personally or via your self-managed super fund. The new lease to Quest for $34,392 per annum (paid monthly), grossing approximately $660/week, giving to a gross return of exceeding 6%. A great return with CPI adjustments built into the lease and the prospect of capital growth too!
The lease is scheduled to terminate 30 June 2018 and has a 5 year option to follow.
111 square metres on title, including 13 square metre car space on the mezzanine level of the secure basement area.
Water = approx. $172/q
Council = approx. $236/q
Real Estate Agents Management Fees = Nil
Now is the time to take advantage of this perfect opportunity to own an apartment in this landmark building with the security of a long term tenant guaranteeing your rental return and allowing you the luxury of a set and forget property investment without the worry of interruptions to your cash flow, as is often caused by vacancies in other investment properties.
Call or email petertoby@shirefirstnational.com.au to book your inspection or request further information.
Property History for 408/1 Kingsway, Cronulla, NSW 2230
- 18 Dec 2023Sold for $1,068,000
- 23 Feb 2015Sold for $532,000
- 19 Nov 2013Listed for Sale Offers above $530,000
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0About Cronulla 2230
The size of Cronulla is approximately 5.4 square kilometres. It has 22 parks covering nearly 15.2% of total area. The population of Cronulla in 2011 was 17,041 people. By 2016 the population was 18,098 showing a population growth of 6.2% in the area during that time. The predominant age group in Cronulla is 30-39 years. Households in Cronulla are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cronulla work in a professional occupation. In 2011, 55.9% of the homes in Cronulla were owner-occupied compared with 55.7% in 2016.
Cronulla has 12,168 properties. Over the last 5 years, Houses in Cronulla have seen a 46.70% increase in median value, while Units have seen a 30.07% increase. As at 31 July 2024:
- The median value for Houses in Cronulla is $2,848,682 while the median value for Units is $1,087,174.
- Houses have a median rent of $820 while Units have a median rent of $650.
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