SOLD
Sold on 13 Mar 2024 for $4,500,000

5/523 New South Head Road
Double Bay NSW 2028

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Land area: 298m2
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Property Details for 5/523 New South Head Rd, Double Bay

5/523 New South Head Rd, Double Bay is a 3 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 1990. The property has a land size of 298m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 3 bedroom Unit sold in Double Bay in the last 12 months.

Building Type
Unit
Year Built
1990
Land Size
298m2
Local Government
Woollahra
Lot/Plan
5/SP37779

Last Listing description (July 2024)

Set on the 5th floor, against the backdrop of the stunning Sydney city skyline, this whole-floor apartment located within 'The Penthouses' showcases fresh interiors throughout complimented with picturesque views. Privately hidden back from the road behind lush, landscaped gardens in an exclusive complex of only six.

High Points
- Brand new carpet and blinds with fresh paint enhancing the natural light throughout

- An expansive living and dining area flows seamlessly to oversized balconies
- Immaculate kitchen with stone bench tops, Smeg appliances, dishwasher and 6 burner gas hob
- Master bedroom with balcony access, dressing room and marble ensuite
- Two generously sized bedrooms both with fitted with built-in robes and private balconies
- Additional bathroom, separate laundry room and guest powder room
- Convenience of double lock-up garage with internal entry to foyer
- Securely gated with intercom access, ducted air-conditioning and visitor parking

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Property History for 5/523 New South Head Rd, Double Bay, NSW 2028

A timeline of how this property has performed in the market
Last Sold
$4,500,000
13 Mar 2024
  • 28 Jun 2024
    Listed for Rent $3,000 / week
  • 13 Mar 2024
    Sold for $4,500,000
  • 15 Feb 2024
    Listed for Sale AUCTION
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About Double Bay 2028

The size of Double Bay is approximately 0.8 square kilometres. It has 6 parks covering nearly 10% of total area. The population of Double Bay in 2011 was 4,686 people. By 2016 the population was 4,647 showing a population decline of 0.8% in the area during that time. The predominant age group in Double Bay is 30-39 years. Households in Double Bay are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Double Bay work in a professional occupation. In 2011, 55.2% of the homes in Double Bay were owner-occupied compared with 54.9% in 2016.

Double Bay has 3,674 properties. Over the last 5 years, Houses in Double Bay have seen a 58.78% increase in median value, while Units have seen a 27.37% increase. As at 31 October 2024:

  • The median value for Houses in Double Bay is $6,626,767 while the median value for Units is $1,749,133.
  • Houses have a median rent of $1,250 while Units have a median rent of $990.
There are currently 14 properties listed for sale, and 16 properties listed for rent in Double bay on OnTheHouse. According to CoreLogic's data, 159 properties were sold in the past 12 months in Double bay.

Suburb Insights for Double Bay 2028

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James Dunn
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Keyara Maur
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Richardson & Wrench Double Bay
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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.