507/653-659 George StreetHaymarket NSW 2000
Property Details for 507/653-659 George St, Haymarket
507/653-659 George St, Haymarket is a 1 bedroom, 1 bathroom House and was built in 2000. The property has a land size of 79m2 and floor size of 29m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 1 bedroom House sold in Haymarket in the last 12 months.
Last Listing description (October 2024)
Unit 507, Mantra Sydney Central -
Inspections available via private appointment, please contact the agent to arrange inspections. Virtual Tour available via this advertisement, please click the link !
Presenting a fantastic opportunity to secure a set and forget investment with incredible returns located in the heart of City CBD, perfect for a long term investment or self managed super fund (SMSF) acquisition.
This fully furnished serviced studio apartment is a managed investment asset currently leased to Mantra Hotels, Sydney Central generating a gross revenue of $71,677* (July 23 - June 24), with the owner receiving 50% of the apartments revenue, minus expenses and outgoings.
Note: The monthly income, is not fixed & can fluctuate with travel demand and use of the property.
Property Features Include:
- Spacious bedroom with large window and built in wardrobe
- Kitchenette with electric cooktop
- Bathroom with bathtub and tiled floor to ceiling
- Ducted air conditioning
Investment Features include:
- Approx gross annual revenue of $71,677*
- Exclusive membership with Accors Partnership Program - Discounted Hotel Rates !
- Exclusive use of the property 14 nights per annum
- Hassle free passive income stream with full management decisions made on your behalf - set & forget !
- Strong occupancy and low vacancy rates
- Affordable property investment in the heart of the CBD & moments from Central Station.
- Inventory of furniture included with the sale of the property
Note: This property is zoned for short term letting and can not be lived in fulltime - For investment purchase only.
Outgoings -
Strata: $1039 per quarter
Council: $243 per quarter
Water: $21 per quarter
Property History for 507/653-659 George St, Haymarket, NSW 2000
- 28 Oct 2024Sold for $420,000
- 19 Sep 2024Listed for Sale $420,000
- 12 Aug 2002Sold for $238,341
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0About 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 6,161 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.
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