634 King StreetErskineville NSW 2043
Property Details for 634 King St, Erskineville
Last Listing description (October 2024)
Presenting an outstanding opportunity in a popular inner city setting, this superb property provides an excellent investment opportunity with a current return of $158,000 Per annum approximately. Comprising of Retail shop and a secure block of four studio apartments. With two apartments per level, all feature timber floors and spacious sun filled living areas. All enjoy sleek stone kitchens with stainless steel appliances including dishwashers, modern bathrooms including laundry facilities as well as split-cycle air conditioning and security intercom.
Explore the possibilities to capitalise on its ultra-central setting in one of Sydney's most coveted urban locations.
-Ground Level currently beauty salon with secure tenant
-Only two apartments per floor
-Generous open living bathed in sunlight
-Sleek stone kitchens, s/steel appliances and dishwashers
-Fully tiled bathrooms, internal laundry facilities and split cycle a/c
-Timber floorboards, security intercom
-Outstanding investment prospect with $158,000 return p/a approximately
-Presents excellent Airbnb potential in ultra-central location
-Rear lane access to parking for minimum three cars, separate storage
-Buzzing village shops, eateries and buses at the doorstep
-Stroll to Sydney Park, Newtown, St Peters and Erskineville stations
-Further development potential (STCA)
-FSR -2.5:1 Height 15M
Complete with rear lane access for minimum three cars, this superb offering is positioned within footsteps of vibrant village shops and cafes, Sydney Park, Newtown and St Peters stations and all the attractions the area has to offer.
Council: $1,316.00 p/q
Water: $544.00 p/q
Property History for 634 King St, Erskineville, NSW 2043
- 03 Oct 2024Sold for $3,290,000
- 06 Mar 2024Listed for Sale $3,290,000
- 24 Mar 2023Listed for Rent $4,160 / week
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About Erskineville 2043
The size of Erskineville is approximately 0.8 square kilometres. It has 11 parks covering nearly 9.5% of total area. The population of Erskineville in 2011 was 6,847 people. By 2016 the population was 8,021 showing a population growth of 17.1% in the area during that time. The predominant age group in Erskineville is 30-39 years. Households in Erskineville are primarily childless couples and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Erskineville work in a professional occupation. In 2011, 47% of the homes in Erskineville were owner-occupied compared with 47.1% in 2016.
Erskineville has 6,211 properties. Over the last 5 years, Houses in Erskineville have seen a 36.41% increase in median value, while Units have seen a 20.26% increase. As at 31 October 2024:
- The median value for Houses in Erskineville is $1,893,252 while the median value for Units is $1,076,554.
- Houses have a median rent of $935 while Units have a median rent of $830.
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