SOLD
Sold on 22 Apr 2024 for $900,000

5/15A Merlin Street
Neutral Bay NSW 2089

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 62m2
Land area: 1190m2
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Sold By
Andrew Croll
Croll Real Estate
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Property Details for 5/15a Merlin St, Neutral Bay

5/15a Merlin St, Neutral Bay is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1961. The property has a land size of 1190m2 and floor size of 62m2. 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 Neutral Bay in the last 12 months.

Building Type
Unit
Year Built
1961
Floor Size
62m2
Land Size
1190m2
Local Government
North Sydney
Lot/Plan
5/SP69

Last Listing description (August 2024)

This well-located two-bedroom apartment is located at the peaceful rear of the block. Set back from the street you will enjoy a leafy, tranquil garden outlook. The low-rise complex houses only 10 apartments and sits on a well-maintained large, level parcel of land. Stroll to Neutral Bay Junction and shopping precinct brimming with boutiques, bars, restaurants and the famous Oaks Hotel. Commuting is a breeze with the transport hub only moments away offering services including express to the CBD, North Sydney and Chatswood. North Sydney, Crows Nest and local amenities, parks and recreation are all close by. The property offers the opportunity to update and realise the potential and is in a high-demand rental market location.

Well-sized combined lounge and dining room 
Covered balcony accessible from living & bedroom

Modern kitchen with Caesarstone benchtops
Two well-sized bedrooms both with built-in robes
Stylish updated bathroom with a large shower stall
Enclosed separate 'European' style laundry facility
Sought-after undercover, off-street parking for one car
Tranquil garden setting with established grounds
Only one set of traffic lights for the city and freeway
Easy access to transport, shops and amenities
Opportunity to update and add further value 

Approximate quarterly outgoings:
    Levies: $1,075
    Council rates: $310
    Water rates: $178
    TOTAL: $1,563 per quarter

Please note we have obtained all information from sources we believe to be reliable, however we cannot guarantee its accuracy. Prospective purchasers/tenants must rely on their own enquiries in this regard. We will not accept any liability for any incorrect representation(s) claimed to be made that has not been confirmed in writing with the agent prior to the purchaser/tenant exchanging contracts.

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Property History for 5/15a Merlin St, Neutral Bay, NSW 2089

A timeline of how this property has performed in the market
Last Sold
$900,000
22 Apr 2024
Listed for Rent
$500/w
08 Jul 2021
  • 22 Apr 2024
    Sold for $900,000
  • 22 Feb 2024
    Listed for Sale Contact agent
  • 16 Jun 2021
    Listed for Rent $500 / week
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About Neutral Bay 2089

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 7,082 properties. Over the last 5 years, Houses in Neutral Bay have seen a 26.90% increase in median value, while Units have seen a 32.13% increase. As at 30 September 2024:

  • The median value for Houses in Neutral Bay is $2,979,323 while the median value for Units is $1,299,463.
  • Houses have a median rent of $950 while Units have a median rent of $720.
There are currently 22 properties listed for sale, and 42 properties listed for rent in Neutral bay on OnTheHouse. According to CoreLogic's data, 292 properties were sold in the past 12 months in Neutral bay.

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