SOLD
Sold on 26 Mar 2024 for $4,300,000

42 King Street
Newtown NSW 2042

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 313m2
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Property Details for 42 King St, Newtown

Building Type
Commercial
Land Size
313m2
Local Government
Sydney
Lot/Plan
1/DP613879

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

A timeline of how this property has performed in the market
Last Sold
$4,300,000
26 Mar 2024
  • 26 Mar 2024
    Sold for $4,300,000
  • 11 Apr 2023
    Listed for Sale $4,500,000
  • 20 Aug 2021
    Sold for $4,050,000
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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 9,417 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 15 properties listed for sale, and 47 properties listed for rent in Newtown on OnTheHouse. According to CoreLogic's data, 341 properties were sold in the past 12 months in Newtown.

Suburb Insights for Newtown 2042

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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.