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Sold on 06 Nov 2024 for $990,000

1602/653-659 George Street
Haymarket NSW 2000

Bedrooms: 2
Bathrooms: 2
Car spaces: -
Floor area: 72m2
Land area: 79m2
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Property Details for 1602/653-659 George St, Haymarket

1602/653-659 George St, Haymarket is a 2 bedroom, 2 bathroom Unit and was built in 2000. The property has a land size of 79m2 and floor size of 72m2. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 2 bedroom Unit sold in Haymarket in the last 12 months.

Building Type
Unit
Year Built
2000
Floor Size
72m2
Land Size
79m2
Local Government
Sydney
Lot/Plan
152/SP67007

Last Listing description (November 2024)

On offer is a renovated, fully furnished, north, east & west facing, high floor apartment with far reaching city views. Located in the Mantra Sydney Central building run by the world-renowned Accor group. An amazing opportunity to capitalise on massive net returns by leasing through a specialized short term leasing agency. Enjoy a hassle free, high preforming income generating mid-city asset, conveniently located only 100m walk from the Capital Theatre and footsteps away from the China Town light rail.

- Estimated net returns of up to $95,630.04 p/a = (9.1% net return fully managed) through short term leasing
- Recently renovated with hybrid flooring, new kitchen joinery, fresh paint, new fridge, new cooktop and new washer/dryer

- Fully furnished with new furniture such as beds, couches, dining table, chairs, bedside tables and lamps
- High up on level 16 in the Mantra Sydney Central building, light-filled interiors
- Flexibility to short term lease or lease through Mantra
- Option to lease and use the apartment yourself on occasion
- Two generous balconies capturing Incredible district views
- Security building with onsite restaurant and 24hr reception

*The property can only be used as a serviced apartment as the building is zoned for serviced apartments. The apartment cannot be owner occupied.

Call Brenden Taliana on 0402 634 828 or email brenden@sydneycoveproperty.com.

All information contained herein is gathered from sources we deem to be reliable, however, we cannot guarantee its accuracy and interested persons should rely on their own enquiries.

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Property History for 1602/653-659 George St, Haymarket, NSW 2000

A timeline of how this property has performed in the market
Last Sold
$990,000
06 Nov 2024
  • 06 Nov 2024
    Sold for $990,000
  • 14 Oct 2024
    Listed for Sale $990,000
  • 15 Aug 2022
    Sold for $830,000
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About Haymarket 2000

The size of Haymarket is approximately 0.5 square kilometres. It has 3 parks covering nearly 8.3% of total area. The population of Haymarket in 2011 was 5,376 people. By 2016 the population was 7,364 showing a population growth of 37.0% in the area during that time. The predominant age group in Haymarket is 20-29 years. Households in Haymarket are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Haymarket work in a community and personal service occupation. In 2011, 31.6% of the homes in Haymarket were owner-occupied compared with 25.1% in 2016..

Haymarket has 6,165 properties. Over the last 5 years, Houses in Haymarket have seen a 50.24% increase in median value, while Units have seen a -6.42% decrease. As at 31 October 2024:

  • The median value for Houses in Haymarket is $2,139,915 while the median value for Units is $1,087,838.
  • Houses have a median rent of $1,100 while Units have a median rent of $1,150.
There are currently 39 properties listed for sale, and 58 properties listed for rent in Haymarket on OnTheHouse. According to CoreLogic's data, 171 properties were sold in the past 12 months in Haymarket.

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