SOLD
Sold on 09 Apr 2024 for $850,000

506/87 Railway Parade
Mortdale NSW 2223

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 80m2
Land area: 103m2
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Property Details for 506/87 Railway Pde, Mortdale

506/87 Railway Pde, Mortdale is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2020. The property has a land size of 103m2 and floor size of 80m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 2 bedroom Unit sold in Mortdale in the last 12 months.

Building Type
Unit
Year Built
2020
Floor Size
80m2
Land Size
103m2
Local Government
Georges River
Lot/Plan
39/SP102648

Last Listing description (February 2024)

This amazing unit has some of the best and most expansive views in this district and provides a real sense of space and light. Built only 3 years ago, this 2 bedroom unit is bathed in natural light and enjoys the lovely outlook from nearly every room. The gourmet kitchen, which features stone bench tops and gas cook top, blends seamlessly with the open plan lounge-dining and the large, north-easterly facing balcony.
With easy access to Mortdale Public School, Marist College Penshurst, Mortdale railway station and all the shops, cafes and restaurants this vibrant areas has to offer, this really is a very special property.

Spacious, 2 bedroom unit in prestige "Lighthouse" security complex

Panoramic views over the surrounding district
Large balcony, ideal for relaxing or entertaining
Main bedroom features ensuite bathroom & balcony
Communal, rooftop patio and entertaining area
Large lounge-dining with split system A/c
Secure garaging & storage unit
Easy access to shops, schools, cafes and train station
Quality finishes and fittings
87sqm internal, 13sqm garage, 3sqm storage (103sqm total)
Current rental return $575 per week
Strata levies approx $1,156 p/qtr, Council rates approx $393 p/qtr

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Property History for 506/87 Railway Pde, Mortdale, NSW 2223

A timeline of how this property has performed in the market
Last Sold
$850,000
09 Apr 2024
Listed for Rent
$550/w
28 Jun 2022
  • 09 Apr 2024
    Sold for $850,000
  • 24 Oct 2023
    Listed for Sale FOR SALE
  • 28 Jun 2022
    Listed for Rent $550 / week
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About Mortdale 2223

The size of Mortdale is approximately 2.9 square kilometres. It has 17 parks covering nearly 22.5% of total area. The population of Mortdale in 2011 was 9,701 people. By 2016 the population was 10,425 showing a population growth of 7.5% in the area during that time. The predominant age group in Mortdale is 30-39 years. Households in Mortdale are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mortdale work in a professional occupation. In 2011, 64.9% of the homes in Mortdale were owner-occupied compared with 62.4% in 2016.

Mortdale has 5,447 properties. Over the last 5 years, Houses in Mortdale have seen a 53.75% increase in median value, while Units have seen a 17.89% increase. As at 31 October 2024:

  • The median value for Houses in Mortdale is $1,739,830 while the median value for Units is $712,129.
  • Houses have a median rent of $750 while Units have a median rent of $580.
There are currently 15 properties listed for sale, and 16 properties listed for rent in Mortdale on OnTheHouse. According to CoreLogic's data, 196 properties were sold in the past 12 months in Mortdale.

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