42 King StreetNewtown NSW 2042
Property Details for 42 King St, Newtown
Last Listing description (April 2024)
RWC Sydney City Fringe is pleased to offer 42 King Street, Newtown "The Vanguard" to the open market.
This is a rare opportunity to acquire a Freehold mixed-use building on vibrant King Street, Newtown with development upside or adaptive re-use
Key highlights include:
- Zoned E1 - Local Centre, Uses include Boarding houses; Commercial premises; Light industries; Medical
- Site Area: 313sqm*, Building Area: 440sqm*
- FSR 2:1, Building Height 12M
- Sought-after freehold opportunity
- Imposing 2-level plus mezzanine building
- Late-night license with valuable Primary Service Authorisation
- Renowned live music venue with full set-up
For more information or to arrange an inspection, please contact the exclusive sales agent below:
Kamal Silwal
Director
RWC Sydney City Fringe
0430 322 459
Kristian Morris
Partner & Licensee in charge
RWC Sydney City Fringe
0411 415 297
Property History for 42 King St, Newtown, NSW 2042
- 26 Mar 2024Sold for $4,300,000
- 11 Apr 2023Listed for Sale $4,500,000
- 20 Aug 2021Sold for $4,050,000
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0About 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 9,388 properties. Over the last 5 years, Houses in Newtown have seen a 43.18% increase in median value, while Units have seen a 19.84% increase. As at 31 August 2024:
- The median value for Houses in Newtown is $1,901,744 while the median value for Units is $867,182.
- Houses have a median rent of $900 while Units have a median rent of $620.
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