SOLD
Sold on 27 Feb 2024 for $1,205,000

502/1-7 Gloucester Place
Kensington NSW 2033

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 91m2
Land area: 118m2
Sold By
Taylors Property Management Specialists
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Property Details for 502/1-7 Gloucester Pl, Kensington

502/1-7 Gloucester Pl, Kensington is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1999. The property has a land size of 118m2 and floor size of 91m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 2 bedroom Unit sold in Kensington in the last 12 months.

Building Type
Unit
Year Built
1999
Floor Size
91m2
Land Size
118m2
Local Government
Randwick
Lot/Plan
126/SP61295

Last Listing description (February 2024)

Located on the 5th floor of Gloucester Towers and offering expansive district views, this large open plan two bedroom unit with balcony awaits its new owners. Offering 103m2 of versatile open plan living in a well maintained complex offering a resort lifestyle with communal gardens, inground swimming pool, and adjoining public playground, this unit is walking distance to the super centre, UNSW, shops, buses and the light rail and is a must see unit for investors and owner occupiers alike.

* Two good size bedrooms
* Open Plan Living with wooden floating floor

* Balcony & secure carspace
* Security Building with lift access
* Pool, communal gardens & adjoining playground

Property History for 502/1-7 Gloucester Pl, Kensington, NSW 2033

A timeline of how this property has performed in the market
Last Sold
$1,205,000
27 Feb 2024
Listed for Rent
$620/w
06 Feb 2015
  • 27 Feb 2024
    Sold for $1,205,000
  • 14 Feb 2024
    Listed for Sale AUCTION
  • 09 Dec 2014
    Listed for Rent $620 / week
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About Kensington 2033

The size of Kensington is approximately 2.7 square kilometres. It has 21 parks covering nearly 28.4% of total area. The population of Kensington in 2011 was 12,776 people. By 2016 the population was 14,993 showing a population growth of 17.4% in the area during that time. The predominant age group in Kensington is 20-29 years. Households in Kensington are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Kensington work in a professional occupation. In 2011, 45.2% of the homes in Kensington were owner-occupied compared with 38.9% in 2016.

Kensington has 6,067 properties. Over the last 5 years, Houses in Kensington have seen a 54.15% increase in median value, while Units have seen a 27.39% increase. As at 31 July 2024:

  • The median value for Houses in Kensington is $3,654,246 while the median value for Units is $1,045,282.
  • Houses have a median rent of $1,025 while Units have a median rent of $780.
There are currently 24 properties listed for sale, and 29 properties listed for rent in Kensington on OnTheHouse. According to CoreLogic's data, 200 properties were sold in the past 12 months in Kensington.

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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.