557 Old South Head RoadRose Bay NSW 2029
Property Details for 557 Old South Head Rd, Rose Bay
557 Old South Head Rd, Rose Bay is a 12 bedroom, 6 bathroom Unit with 6 parking spaces and was built in 1968. The property has a land size of 506m2 and floor size of 71m2. While the property is not currently for sale or for rent, it was last sold in June 2023.
Last Listing description (September 2023)
- Located in the heart of Rose Bay, close to public transport
- Block of 6 x 2 bedroom units with balconies plus 6 undercover car spaces
- Fantastic opportunity to renovate and add value, with scope to increase rental income
- Potential to strata subdivide and sell down (subject to council approval)
- Close to cafes, shops, Harris Farm, Bunnings, Coles, IGA and many others
- Land Size 506sqm approx.
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Property History for 557 Old South Head Rd, Rose Bay, NSW 2029
- 29 Jun 2023Sold for $6,800,000
- 01 Jun 2023Listed for Sale Auction
- 09 Sep 2021Sold for $6,690,000
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0About Rose Bay 2029
The size of Rose Bay is approximately 2.5 square kilometres. It has 15 parks covering nearly 35.5% of total area. The population of Rose Bay in 2011 was 9,401 people. By 2016 the population was 10,027 showing a population growth of 6.7% in the area during that time. The predominant age group in Rose Bay is 30-39 years. Households in Rose Bay are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Rose Bay work in a professional occupation. In 2011, 54.9% of the homes in Rose Bay were owner-occupied compared with 52.8% in 2016.
Rose Bay has 6,040 properties. Over the last 5 years, Houses in Rose Bay have seen a 81.71% increase in median value, while Units have seen a 41.70% increase. As at 31 August 2024:
- The median value for Houses in Rose Bay is $6,544,301 while the median value for Units is $1,634,289.
- Houses have a median rent of $1,600 while Units have a median rent of $900.
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