248 Glebe Point RoadGlebe NSW 2037
Property Details for 248 Glebe Point Rd, Glebe
248 Glebe Point Rd, Glebe is a 8 bedroom, 8 bathroom House with 3 parking spaces. The property has a land size of 357m2. While the property is not currently for sale or for rent, it was last sold in February 2022.
Last Listing description (April 2022)
Set on a generous block of approx. 360sqm within the prestigious Toxteth Estate, this large semi-detached tri-level terrace is on one title and has been with the same family for many decades. Ideally situated on Glebe's "High Street" and currently configured as 6 self-contained apartments, this unique property offers the astute purchaser such opportunities as:
- Upgrading the existing apartments to improve their rent return
- Adapting the current floorplan to create a mix of luxurious strata apartments (STCA)
Original features retained include marble fireplace, rich timber floors and lofty ceilings with ornate cornices and picture rails. The property has a northerly-east aspect and enjoys sunshine throughout the day. The rear of the dwelling offers uninterrupted leafy views towards Annandale.
The site has valuable rear access to Allen Lane affording 2 off street parking spots plus a lock up garage.
When fully occupied the gross return in the current market would total approximately $2,440 per week.
Minutes' walk to the Light Rail Station, St Scholastica College, Jubilee AFL/Cricket Oval and the iconic culinary/retail centre known as The Tramsheds.a true favourite with the locals. Opposite is a city bus stop and the award-winning Glebe Point Diner whilst literally at the end of the street is the foreshore walk/cycleway which takes you along beautiful Blackwattle Bay to the site of the new Sydney Fish Markets.
Property History for 248 Glebe Point Rd, Glebe, NSW 2037
- 15 Feb 2022Sold for $3,510,000
- 27 Oct 2021Listed for Sale For Sale $3,590,000
- 01 Sep 2020Listed for Rent $420 / week
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About Glebe 2037
The size of Glebe is approximately 1.7 square kilometres. It has 14 parks covering nearly 17.1% of total area. The population of Glebe in 2011 was 11,123 people. By 2016 the population was 11,538 showing a population growth of 3.7% in the area during that time. The predominant age group in Glebe is 20-29 years. Households in Glebe are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Glebe work in a professional occupation. In 2011, 34.9% of the homes in Glebe were owner-occupied compared with 34.8% in 2016.
Glebe has 7,919 properties. Over the last 5 years, Houses in Glebe have seen a 36.45% increase in median value, while Units have seen a 31.39% increase. As at 31 October 2024:
- The median value for Houses in Glebe is $2,447,758 while the median value for Units is $1,216,512.
- Houses have a median rent of $910 while Units have a median rent of $700.
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