SOLD
Sold on 13 Mar 2024 for $655,000

5/295 Ernest Street
Neutral Bay NSW 2089

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 54m2
Land area: 587m2
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Sold By
Garwoods Estate Agents Cammeray
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Property Details for 5/295 Ernest St, Neutral Bay

5/295 Ernest St, Neutral Bay is a 1 bedroom, 1 bathroom Unit and was built in 1930. The property has a land size of 587m2 and floor size of 54m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 1 bedroom Unit sold in Neutral Bay in the last 12 months.

Building Type
Unit
Year Built
1930
Floor Size
54m2
Land Size
587m2
Local Government
North Sydney
Lot/Plan
5/SP16732

Last Listing description (November 2024)

* Park and alternative entry via Merlin Street*

With Neutral Bay and Cammeray Village amenities at your fingertips, this charming and fresh, back of block apartment provides incredible convenience. Peacefully positioned away from the road in a boutique 1920?s building, the apartment is bright and functional presenting sought-after entry or investment buying and a prized Lower North Shore lifestyle. Period appeal melds with modern updates ensuring the apartment presents well, enhanced by high ceilings and timber floorboards. Off street parking is a valuable extra accessed via quiet Merlin Street making this an exciting prospect, a stroll to village shops and cafes, bus services, St Leonard?s Park and weekend markets and minutes to the city.

? Windows on two sides encourage abundant sunlight

? High ceilings, timber flooring and reverse cycle a/c
? Picture rails, spacious living room, modern kitchen
? Gas cooktop, convenient integrated laundry facilities
? Generous master retreat complete with built-in robes
? Neat and tidy bathroom, car space, garden surrounds

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Property History for 5/295 Ernest St, Neutral Bay, NSW 2089

A timeline of how this property has performed in the market
Last Sold
$655,000
13 Mar 2024
Listed for Rent
$510/w
29 May 2023
  • 13 Mar 2024
    Sold for $655,000
  • 18 Jan 2024
    Listed for Sale For sale $650,000
  • 19 May 2023
    Listed for Rent $510 / 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 7,064 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:

  • The median value for Houses in Neutral Bay is $2,819,500 while the median value for Units is $1,277,820.
  • Houses have a median rent of $900 while Units have a median rent of $720.
There are currently 16 properties listed for sale, and 42 properties listed for rent in Neutral bay on OnTheHouse. According to CoreLogic's data, 296 properties were sold in the past 12 months in Neutral bay.

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