SOLD
RECENT ADVICE
Sold on 23 Aug 2024 for $555,000

5/18 Springfield Avenue
Potts Point NSW 2011

Bedrooms: -
Bathrooms: 1
Car spaces: -
Floor area: 31m2
Sold By
McGrath Coogee
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Property Details for 5/18 Springfield Ave, Potts Point

5/18 Springfield Ave, Potts Point is a 0 bedroom, 1 bathroom Unit and was built in 1930. The property has a floor size of 31m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 0 bedroom Unit sold in Potts Point in the last 12 months.

Building Type
Unit
Year Built
1930
Floor Size
31m2
Local Government
Sydney
Lot/Plan
37/SP15404

Last Listing description (October 2024)

Located on the north west end position in the iconic "Regents Court", this north facing studio apartment offers sophisticated living in the heart of Potts Point. Recently renovated and reconstructed throughout, this contemporary apartment offers an oversized feel and boasts a common rooftop area with a barbeque, shared tables amongst established gardens that overlook Sydney's skyline. A short distance from Llankelly Place's vibrant 'eat street', popular cafes, restaurants and bars, and public transport, this studio apartment has it all.

- Situated in one of Sydney's most sought-after neighbourhoods
- Strong leasing, Airbnb & hotel management return

- Oversized open plan living and bedroom area
- Reverse cycle split system air conditioning
- Modern kitchen with ample storage space
- Common rooftop access with BBQ and city views
- Restored vintage lift and on-site manager
- Short walk to Kings Cross train station and city bus transport
- Stroll to vibrant Potts Point cafes, boutiques and fine dining
- Footsteps to iconic Llankelly Place's "eat street"

Airbnb
High season $350 per night
Low season $200 per night

12 month lease $600 - $620 per week

Property History for 5/18 Springfield Ave, Potts Point, NSW 2011

A timeline of how this property has performed in the market
Last Sold
$555,000
23 Aug 2024
Listed for Rent
$330/w
13 Jan 2021
  • 23 Aug 2024
    Sold for $555,000
  • 30 May 2024
    Listed for Sale Sold
  • 04 Jun 2021
    Sold for $435,000
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About Potts Point 2011

The size of Potts Point is approximately 0.6 square kilometres. It has 3 parks covering nearly 2.5% of total area. The population of Potts Point in 2011 was 6,861 people. By 2016 the population was 9,425 showing a population growth of 37.4% in the area during that time. The predominant age group in Potts Point is 20-29 years. Households in Potts Point are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Potts Point work in a professional occupation. In 2011, 35.1% of the homes in Potts Point were owner-occupied compared with 31.3% in 2016.

Potts Point has 7,285 properties. Over the last 5 years, Houses in Potts Point have seen a 13.81% increase in median value, while Units have seen a 17.22% increase. As at 30 September 2024:

  • The median value for Houses in Potts Point is $2,914,864 while the median value for Units is $1,085,208.
  • Houses have a median rent of $680 while Units have a median rent of $675.
There are currently 23 properties listed for sale, and 50 properties listed for rent in Potts point on OnTheHouse. According to CoreLogic's data, 294 properties were sold in the past 12 months in Potts point.

Suburb Insights for Potts Point 2011

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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.