508/88 King StreetNewtown NSW 2042
Property Details for 508/88 King St, Newtown
508/88 King St, Newtown is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1993. The property has a land size of 2186m2 and floor size of 38m2. While the property is not currently for sale or for rent, it was last sold in September 2023.
Last Listing description (November 2023)
This bright one-bedroom apartment is located in the heart of Newtown, It is situated in a converted warehouse building with a contemporary design, offering an ultra-desirable lifestyle that combines location and convenience. Positioned with a North-Easterly aspect, providing a peaceful environment despite being amid an energetic area. The apartment showcases a cleverly designed floor plan, maximising space, and functionality within the layout.
Enviably positioned with Hollis Park, popular restaurants, fashion boutiques, cafes, and pubs, within footsteps of the door and 800m to Carriageworks arts and entertainment venue. It's a perfect place for those who enjoy the city's vibrant dining and nightlife scene. It is also within a short walk of Sydney University, The Royal Prince Alfred Hospital and the CBD, making it accessible to various amenities and job opportunities. This well-presented apartment offers a stylish and modern living space in a trendy neighbourhood, with an array of amenities and attractions at its doorstep. Kick back at night and enjoy the city lights from your own lounge.
Whether you are looking for a fantastic investment opportunity or a comfortable lifestyle retreat, this apartment ticks all the right boxes.
The building is equipped with an intercom system for added security and shared laundry facilities for residents' convenience. Additionally, residents can enjoy the luxury of a resort-style pool and an entertaining area within the complex.
Property History for 508/88 King St, Newtown, NSW 2042
- 16 Sep 2023Sold for $505,000
- 09 Aug 2023Listed for Sale Sold $505,000
- 09 Aug 2023Listed for Rent $500 / week
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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 9,306 properties. Over the last 5 years, Houses in Newtown have seen a 37.40% increase in median value, while Units have seen a 24.85% increase. As at 31 October 2024:
- The median value for Houses in Newtown is $1,918,799 while the median value for Units is $905,213.
- Houses have a median rent of $900 while Units have a median rent of $625.
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