OFF MARKET

599 King Street
Newtown NSW 2042

Bedrooms: 2
Bathrooms: 1
Car spaces: 3
Floor area: 85m2
Land area: 188m2
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Last updated 11 Nov 2024
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Property Details for 599 King St, Newtown

599 King St, Newtown is a 2 bedroom, 1 bathroom House with 3 parking spaces. The property has a land size of 188m2 and floor size of 85m2. While the property is not currently for sale or for rent, it was last sold in August 2022.

Building Type
House
Floor Size
85m2
Land Size
188m2
Local Government
Inner West
Lot/Plan
1/DP583151

Last Listing description (October 2022)

On offer is this exceptional opportunity to secure an original commercial/residential property package and capitalise on its numerous creative possibilities. Occupying a premium Newtown position, wide frontage onto King Street, this former general store and upstairs apartment represent exciting upgrade opportunities or development to truly capitalise on such a sought-after space and location. There is scope to renovate the commercial area and like the neighbouring properties maximise & develop the whole property into multiple dwellings if desired, subject to council approval.

B2 Zone 187.7 sqm corner block, 2 street frontage, FSR 1.5:1

Vehicle access from Darley Street with parking for three cars
Open plan street front retail space opening onto King Street
Original kitchen and bathroom facilities on the lower level
Bright and airy upstairs apartment featuring two bedrooms
Extra-height ceilings, timber floors and original details
Potential to develop into multiple apartments (STCA)
Scope for street level retail shop, restaurant or cafe
Ease of access for customers with buses at the front door

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Property History for 599 King St, Newtown, NSW 2042

A timeline of how this property has performed in the market
Last Sold
$1,650,000
27 Aug 2022
  • 27 Aug 2022
    Sold for $1,650,000
  • 11 May 2022
    Listed for Sale SOLD PRIOR TO AUCTION - INSPECTIONS CANC
  • 01 May 2004
    Listed for Sale Not Disclosed
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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 9,308 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.
There are currently 36 properties listed for sale, and 49 properties listed for rent in Newtown on OnTheHouse. According to CoreLogic's data, 328 properties were sold in the past 12 months in Newtown.

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