27/40-56 Military Rd, Neutral Bay is a 3 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 1979. The property has a land size of 2104m2 and floor size of 129m2. While the property is not currently for sale or for rent, it was last sold in September 2010.
Townhouse Style, North-Facing, Quiet, Private ... Huge Potential
Literally minutes to Neutral Bay s cosmopolitan cafe scene, shops and transport, this bright and spacious 2 level apartment offers discerning buyers the chance of a lifetime!
At the rear of a well maintained security block, flooded with northerly light and sunshine on 3 sides, this generous apartment enjoys a pleasant leafy outlook. In original, well maintained order, it offers exceptional potential to update, renovate and reap the rewards. The main level has a very large living/dining that opens to a wide private balcony, functional original kitchen, laundry and powder room. Upstairs, 3 good sized bedrooms, (2 with robes, the master with ensuite) and main bathroom. Security tandem parking with internal access completes the offering.
The size of Neutral Bay is approximately 1.3 square kilometres. It has 20 parks covering nearly 8.8% of total area. The population of Neutral Bay in 2011 was 9,384 people. By 2016 the population was 10,498 showing a population growth of 11.9% in the area during that time. The predominant age group in Neutral Bay is 30-39 years. Households in Neutral Bay are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Neutral Bay work in a professional occupation. In 2011, 46.1% of the homes in Neutral Bay were owner-occupied compared with 44.9% in 2016.
Neutral Bay has 7,061 properties. Over the last 5 years, Houses in Neutral Bay have seen a 16.81% increase in median value, while Units have seen a 30.88% increase. As at 31 October 2024:
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