257/569-581 George StreetSydney NSW 2000
Property Details for 257/569-581 George St, Sydney
257/569-581 George St, Sydney is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2001. The property has a land size of 1087m2 and floor size of 117m2. While the property is not currently for sale or for rent, it was last sold in November 2023. There are other 2 bedroom Unit sold in Sydney in the last 12 months.
Last Listing description (November 2023)
A sought-after investment opportunity awaits in the renowned "The Summit" apartment building in the heart of Sydney's city centre, directly across from World Square. This North-facing DUAL KEY unit comprises one bedroom and a spacious studio, both offering attractive rental prospects. The one-bedroom unit previously commanded a weekly rent of $730. Positioned on the 14th floor, this generously sized dual-key apartment also includes a designated parking space.
The potential rental income is impressive, with the one-bedroom unit and its accompanying parking space fetching $730, and the studio garnering $550 plus an additional $50 for the parking space, resulting in a combined total exceeding $1300 per week.
The studio apartment is notably roomy, featuring an open-plan living area that seamlessly connects to a balcony. The studio's layout encompasses an open-plan living and kitchen area and a spacious bathroom adorned with tiled flooring throughout.
Conveniently located on George Street, "The Summit" apartment building offers proximity to World Square, restaurants, public transportation, Coles, and Chinatown. The building's amenities include one secure car space, air conditioning, a 24-hour concierge, security features, an intercom system, and access to an indoor swimming pool, spa, games room, BBQ area, and gymnasium.
Approx outgoings:
Strata levies: $2401pq (after 10% discount)
Special levies: $1147 per quarter
Council rates: $299/pq
Water rates: $175/pq
Property History for 257/569-581 George St, Sydney, NSW 2000
- 07 Nov 2023Sold for $925,800
- 17 Aug 2023Listed for Sale Guide $1.01 Million
- 02 Oct 2010Listed for Rent - Price not available
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0About Sydney 2000
The size of Sydney is approximately 3 square kilometres. It has 16 parks covering nearly 33.5% of total area. The population of Sydney in 2011 was 14,307 people. By 2016 the population was 17,261 showing a population growth of 20.6% in the area during that time. The predominant age group in Sydney is 20-29 years. Households in Sydney are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Sydney work in a professional occupation. In 2011, 33.6% of the homes in Sydney were owner-occupied compared with 29.1% in 2016.
Sydney has 24,243 properties. Over the last 5 years, Houses in Sydney have seen a 135.77% increase in median value, while Units have seen a -0.34% decrease. As at 31 July 2024:
- The median value for Houses in Sydney is $678,640 while the median value for Units is $1,086,255.
- Houses have a median rent of $850 while Units have a median rent of $950.
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