OFF MARKET

7/503-511 King Street
Newtown NSW 2042

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 70m2
Land area: 1054m2
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Property Details for 7/503-511 King St, Newtown

7/503-511 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 July 2004.

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

Last Listing description (May 2020)

Set in a secure residential complex, this oversized split level two bedroom apartment offers great access to and from the city as well as the area's top attractions including Newtown's King Street, Erskineville Village as well as Marrickville Metro shopping centre and Sydney Park.

The property:
* Bright open-plan combined living and dining area leading to a balcony, great for alfresco dining and entertaining.

* Bamboo flooring downstairs, carpet on the first floor
* Generously sized bedrooms with built in wardrobes, main with balcony
* Well-appointed modern kitchen with stainless steel appliances
* Bathroom with bathtub and separate shower
* Plantation shutters throughout
* Internal laundry with dryer
* Undercover carspace and security complex

The details:
Available 7th May, 2020
6/12 month lease

The neighbourhood:
Newtown is jam packed with specialist and wide ranging shops, wine bars, vibrant hotels, restaurants and cafes along King Street and many more tucked away in the surrounding back streets. There are also live bands, the Dendy multiplex cinema and live theatre venues all within footsteps of each other. RPA hospital is also only moments away.
The renowned Newtown School of the Performing Arts is located on King Street plus there are the highly regarded Australia Street Infants School and North Newtown Public School. Newtown train station is just three stops to Central and also accesses the western suburbs plus there are frequent bus services along King Street.

The inspection:
Due to the evolving COVID-19 pandemic, we are conducting all inspections privately right now. Our priority is the safety and well-being of our clients, staff, and the general public. At all inspections, please:
Maintain at least 1.5m distance
Avoid touching surfaces
Wash your hands before entering

Please do not book an inspection if:
You are, or have been unwell with cold or flu like symptoms
You have travelled overseas in the last 14 day
You have been in contact with any suspected or confirmed cases of COVID-19

Jonathon Pettitt | 0420 698 479
Raine&Horne Newtown
rh.com.au/newtown | 8596 3555

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Property History for 7/503-511 King St, Newtown, NSW 2042

A timeline of how this property has performed in the market
Last Sold
$350,000
06 Jul 2004
Listed for Rent
$550/w
30 Apr 2020
  • 30 Apr 2020
    Listed for Rent $550 / week
  • 11 Sep 2019
    Listed for Rent $590 / week
  • 01 Jun 2017
    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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