1A Wolseley RoadPoint Piper NSW 2027
Property Details for 1a Wolseley Rd, Point Piper
Last Listing description (September 2015)
'Rathdowne' - Presently a character block of three, comprising two substantial three bedroom Strata apartments, an 80 sqm garden apartment and 3 lock-up garages. Fully tenanted on expired leases showing GAR $135,516, with scope for improvement. DA approved plans from Woollahra Council provide for conversion into 2 luxury double-storey residences of 230 & 250 square metres, one of which would enjoy a lovely outlook towards Rose Bay, plus 4 lock up garages. Located in Sydney's most prestigious residential enclave, close to harbourside beaches, Rose Bay Marina, transport, and just an easy stroll to both Double Bay and Rose Bay villages. Perfect for an investor seeking return and capital growth, a family seeking 3 residences or a developer wishing to capitalise on the approved plans.
-Grand duplex with separate one bedroom garden apartment
-Ideal for redevelopment or a superb Blue chip investment
-Each has own entrance, period features & Kauri flooring
-Marble bathrooms, working fireplaces, large courtyards
-All tenanted - GAR $135,516 with scope to increase
-DA approved plans by award-winning architects archer+wright
-Innovative plans for two luxury two-storey apartments + 4 lock up garages
-Near harbour parks & beaches, private schools and transport
-A privileged harbourside location. Land 556 sqm (approx)
-Wide frontage to Wolseley Road
-A rare opportunity - great for the Super fund
Co-Agent: Savills - Adam Ross 0409 663 051
RENT SCHEDULE & INCOME (ALL EXPIRED LEASES)
Unit 1 $53,652 pa
Unit 2 $50,256 pa
Unit 3 $28,596 pa
Garages $3,012 pa
Annual Income $135,516
OUTGOINGS
Water Rates $1,368p.a.
Council Rates $3,233 p.a.
Property History for 1a Wolseley Rd, Point Piper, NSW 2027
- 20 Jul 2015Listed for Sale Auction 18 August
- 26 Aug 2009Listed for Sale Not Disclosed
- 17 Jan 2009Listed for Rent - Price not available
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About Point Piper 2027
The size of Point Piper is approximately 0.4 square kilometres. It has 3 parks covering nearly 0.7% of total area. The population of Point Piper in 2011 was 1,403 people. By 2016 the population was 1,412 showing a population growth of 0.6% in the area during that time. The predominant age group in Point Piper is 60-69 years. Households in Point Piper are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Point Piper work in a professional occupation. In 2011, 66.6% of the homes in Point Piper were owner-occupied compared with 66.1% in 2016.
Point Piper has 949 properties. Over the last 5 years, Houses in Point Piper have seen a 73.57% increase in median value, while Units have seen a 34.22% increase. As at 31 October 2024:
- The median value for Houses in Point Piper is $15,018,298 while the median value for Units is $2,993,599.
- Houses have a median rent of $2,700 while Units have a median rent of $1,350.
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