16 George StreetMarrickville NSW 2204
Property Details for 16 George St, Marrickville
16 George St, Marrickville is a 8 bedroom, 4 bathroom BlockOfUnits with 4 parking spaces. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 8 bedroom BlockOfUnits sold in Marrickville in the last 12 months.
Last Listing description (October 2024)
Absolutely fabulous opportunity. 4 apartments on one title. The property is in need of full renovation. Possible extension or redevelopment subject to council approval. 2 storey walk up with full brick construction and tile roof.
All 4 are currently leased on expired agreements returning $480 per week each. This can easily be increased with renovation.
Superbly located in a quiet street just around the corner from Marrickville Park. Close to shops and transport with light rail in less than 20mins walk.
The property comprises 4 x 2 bedroom flats each with combined lounge and dining rooms, kitchenette's, bathrooms and laundries.
The land measures approximately 430 square meters with a driveway to rear garden and plenty of space for off-street parking. Frontage approximately 11.735 metres.
Bring your imagination to improve this sound investment.
Gross annual return $99,840.00
Council rates $1026.00 per quarter
Water rates $976.00 per quarter
Land Value $1,910,000.00 (1/7/22)
Land 430sqm - Frontage 11.73m
Property History for 16 George St, Marrickville, NSW 2204
- 19 Oct 2024Sold for $2,775,000
- 24 Sep 2024Listed for Sale Sold At Auction
- 25 Oct 2018Listed for Rent $385 / week
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0About Marrickville 2204
The size of Marrickville is approximately 5.8 square kilometres. It has 23 parks covering nearly 10.8% of total area. The population of Marrickville in 2011 was 24,612 people. By 2016 the population was 26,571 showing a population growth of 8.0% in the area during that time. The predominant age group in Marrickville is 30-39 years. Households in Marrickville are primarily childless couples and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Marrickville work in a professional occupation. In 2011, 54.6% of the homes in Marrickville were owner-occupied compared with 51.2% in 2016.
Marrickville has 15,127 properties. Over the last 5 years, Houses in Marrickville have seen a 32.41% increase in median value, while Units have seen a 20.50% increase. As at 31 January 2025:
- The median value for Houses in Marrickville is $2,040,660 while the median value for Units is $900,008.
- Houses have a median rent of $890 while Units have a median rent of $650.
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