OFF MARKET

16/503-511 King Street
Newtown NSW 2042

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 70m2
Land area: 1054m2
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Last updated 16 Dec 2024
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Property Details for 16/503-511 King St, Newtown

16/503-511 King St, Newtown is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1997. The property has a land size of 1054m2 and floor size of 70m2. While the property is not currently for sale or for rent, it was last sold in May 1998.

Building Type
Unit
Year Built
1997
Floor Size
70m2
Land Size
1054m2
Local Government
Inner West
Lot/Plan
16/SP56115

Last Listing description (December 2021)

Lifestyle location in the heart of Newtown with an abundance of cafes and restaurants at your front door.

This bright, top floor apartment has spacious interiors, 2 good sized bedroom, balcony, large kitchen, bathroom with separate bath/shower and internal laundry.

- 2 good sized bedroom, main with built-ins

- Cafes, restaurants, bars, boutique shopping on doorstep
- Walk to Newtown & St Peters train stations
- Easy access to universities, CBD and Sydney Park
- Security building with intercom access
- Balcony, internal laundry
- Undercover car space

Property History for 16/503-511 King St, Newtown, NSW 2042

A timeline of how this property has performed in the market
Last Sold
$280,000
06 May 1998
Listed for Rent
$550/w
08 Dec 2021
  • 08 Nov 2021
    Listed for Rent - Price not available
  • 17 May 2018
    Listed for Rent - Price not available
  • 07 Jul 2015
    Listed for Rent - Price not available
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About Newtown 2042

The size of Newtown is approximately 1.6 square kilometres. It has 18 parks covering nearly 3.7% of total area. The population of Newtown in 2011 was 14,148 people. By 2016 the population was 15,009 showing a population growth of 6.1% in the area during that time. The predominant age group in Newtown is 20-29 years. Households in Newtown are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Newtown work in a professional occupation. In 2011, 41.2% of the homes in Newtown were owner-occupied compared with 38.5% in 2016.

Newtown has 9,415 properties. Over the last 5 years, Houses in Newtown have seen a 32.27% increase in median value, while Units have seen a 24.46% increase. As at 30 November 2024:

  • The median value for Houses in Newtown is $1,931,870 while the median value for Units is $908,993.
  • Houses have a median rent of $900 while Units have a median rent of $640.
There are currently 13 properties listed for sale, and 45 properties listed for rent in Newtown on OnTheHouse. According to CoreLogic's data, 340 properties were sold in the past 12 months in Newtown.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.