SOLD
Sold on 20 Mar 2024 for $395,000

602/5 Ward Avenue
Potts Point NSW 2011

Bedrooms: -
Bathrooms: 1
Car spaces: -
Floor area: 24m2
Land area: 902m2
Sold By
James Avenue
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Property Details for 602/5 Ward Ave, Potts Point

602/5 Ward Ave, Potts Point is a 0 bedroom, 1 bathroom Unit and was built in 1970. The property has a land size of 902m2 and floor size of 24m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 0 bedroom Unit sold in Potts Point in the last 12 months.

Building Type
Unit
Year Built
1970
Floor Size
24m2
Land Size
902m2
Local Government
Sydney
Lot/Plan
65/SP47383

Last Listing description (March 2024)

With the ultimate views over Rushcutters Bay from your very own private balcony, you will be greeted by the morning sun in this easterly facing studio apartment in The Clairmont. This is a sixth level security building situated in the heart of Potts Point.

Freshly painted throughout with new floorboards, while offering scope to update the kitchen and bathroom to add value in the future. This is a perfect opportunity as an owner occupier, or leave the current tenant in place if you wish this to remain an investment for the future.

With an elevated position at the front of the building plus a lift, indoor pool, spa and sauna. In an ultra-convenient lifestyle location the studio is just 300m to Kings Cross train station and 500m to harbour-side Rushcutters Bay Park, you are moments from restaurants, bars and cafes.

Features:
- Top floor in a security building
- Access to indoor swimming pool, spa and sauna
- Private balcony with exquisite views
- Open plan with a foldaway bed
- Built in wardrobe
- Freshly painted with new floorboards
- Easterly facing
- Close to shops, cafes, bars and restaurants
- Close to transport, walking distance to Kings Cross train station

Disclaimer: All information contained herewith, including but not limited to the general property description, price and the address, is provided to James Avenue by third parties. We have obtained this information from sources we believe to be reliable; however, we cannot guarantee its accuracy. The information contained herewith should not be relied upon and you should make your own enquiries and seek advice in respect of this property or any property on this website.

Property History for 602/5 Ward Ave, Potts Point, NSW 2011

A timeline of how this property has performed in the market
Last Sold
$395,000
20 Mar 2024
Listed for Rent
$400/w
05 Oct 2022
  • 20 Mar 2024
    Sold for $395,000
  • 16 Jan 2024
    Listed for Sale Not Disclosed
  • 05 Sep 2022
    Listed for Rent - Price not available
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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 7,193 properties. Over the last 5 years, Houses in Potts Point have seen a -4.46% decrease in median value, while Units have seen a 15.38% increase. As at 31 October 2024:

  • The median value for Houses in Potts Point is $2,751,358 while the median value for Units is $1,051,909.
  • Houses have a median rent of $675 while Units have a median rent of $650.
There are currently 17 properties listed for sale, and 51 properties listed for rent in Potts point on OnTheHouse. According to CoreLogic's data, 266 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.