7/185 Falcon StreetNeutral Bay NSW 2089
Property Details for 7/185 Falcon St, Neutral Bay
7/185 Falcon St, Neutral Bay is a 1 bedroom, 1 bathroom Apartment. The property has a floor size of 40m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 1 bedroom Apartment sold in Neutral Bay in the last 12 months.
Last Listing description (September 2024)
Situated on the top floor at the rear of a well maintained boutique block of 12 apartments with original art deco features, this well presented one bedroom apartment offers un-matched convenience on an entry level budget.
Located just minutes from the vibrant hub of Neutral Bay, you will be spoiled for choice by the areas vast array of trendy cafes & restaurants, buzzing wine bars, pubs and boutique shops. Just a short stroll to the Big Bear Shopping Centre, The Oaks Hotel, and nearby to Hayes Street Beach, Neutral Bay ferry wharf, with express city buses on your doorstep.
This affordable property presents a prime investment opportunity for the astute investor in one of Sydney's most desirable locations with strong rental demand, or a great opportunity for the first home buyer to get on the property ladder.
PROPERTY FEATURES:
- Top floor, corner position at the rear of the block
- Boutique block of only 12 apartments with solid double brick construction and security access
- Spacious open plan living and dining with high decorative ceilings and large windows throughout, encouraging natural light
- Polished timber floors throughout
- Updated kitchen with modern appliances
- Oversized master bedroom with ceiling fan and direct access to the balcony which is a rare feature in art deco buildings
- Elegant bathroom with magnificent original features includes shower over bath
- Shared laundry facilities
- On street parking (permit available through North Sydney Council)
Take advantage of the Government's transfer duty exemption. The First Home Buyers Assistance Scheme has expanded. For contracts that exchange on or after 1 July 2023, eligible first home buyers will receive an exemption from transfer duty for purchases of new and existing homes up to $800,000.
The residence requirement for the First Home Buyers Assistance Scheme has increased to 12 months for contracts that exchange on or after 1 July 2023.
*Source https://www.revenue.nsw.gov.au/grants-schemes/first-home-buyer/assistance-scheme
CONTRACT & COMPLIMENTARY STRATA REPORT AVAILABLE ON REQUEST
Balmain Realty "Real Estate Solutions for the Balmain Peninsula & Inner West"
(Every precaution has been taken to establish accuracy of the above information but does not constitute any representation by the vendor or agent)
Property History for 7/185 Falcon St, Neutral Bay, NSW 2089
- 06 Sep 2024Sold for $580,000
- 08 Mar 2024Listed for Sale SOLD
- 13 May 2019Listed for Rent - Price not available
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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.
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