SOLD
Sold on 27 Feb 2024 for $795,000

99/569-581 George Street
Sydney NSW 2000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 76m2
Land area: 2595m2
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Australia City Properties Management Sydney
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Property Details for 99/569-581 George St, Sydney

99/569-581 George St, Sydney is a 1 bedroom, 1 bathroom Unit and was built in 2001. The property has a land size of 2595m2 and floor size of 76m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 1 bedroom Unit sold in Sydney in the last 12 months.

Building Type
Unit
Year Built
2001
Floor Size
76m2
Land Size
2595m2
Local Government
Sydney
Lot/Plan
99/SP65111

Last Listing description (February 2024)

This spacious 1-bedroom apartment, featuring an additional bedroom-sized study, situated on LEVEL 20 of the Summit Apartments, presents an excellent opportunity for first-home buyers or investors. The study, complete with its window and door, offers approximately 9.5 sqm of space. Alongside a generous living room, there is a main bedroom and a sizable bedroom study. Views can also be enjoyed from the main bedroom and its west facing living room.

The apartment boasts a practical layout and faces West, with a total internal area of 81 sqm as per the contract of sale. Additionally, it includes one large storage cage measuring 5 sqm.

Abundant natural light fills both the bedroom and living room, with afternoon sunlight streaming through the balcony, creating a pleasant ambience. Furthermore, the study and entrance corridor receive morning sunlight as they face east. From the corridor entrance, there are picturesque views of the World Square complex and light rail.

Modern amenities include kitchens, internal laundry facilities with a dryer, as well as a bathroom and shower.

Conveniently located, the property is within a short walking distance of St Andrews Cathedral, Townhall, Hyde Park, Darling Harbour, Chinatown, and Event cinemas.

Approx outgoings:
Special levies upon request
Water Rates: $177 p/q.
Council Rates: $306 p/q
Strata Levies: $1528 per quarter (After 10% discount)

3D Interactive Tour: https://my.matterport.com/show/?m=Nkd3jqbhz4V
Video Walkthrough: https://youtu.be/iWU0HV4f8dg

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Property History for 99/569-581 George St, Sydney, NSW 2000

A timeline of how this property has performed in the market
Last Sold
$795,000
27 Feb 2024
  • 27 Feb 2024
    Sold for $795,000
  • 22 Feb 2024
    Listed for Sale SOLD on 28/02/2024, for $795,000
  • 10 Feb 2009
    Sold for $450,000
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About 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 23,942 properties. Over the last 5 years, Houses in Sydney have seen a -71.84% decrease in median value, while Units have seen a 5.01% increase. As at 31 October 2024:

  • The median value for Houses in Sydney is $502,395 while the median value for Units is $1,163,718.
  • Houses have a median rent of $800 while Units have a median rent of $950.
There are currently 195 properties listed for sale, and 377 properties listed for rent in Sydney on OnTheHouse. According to CoreLogic's data, 678 properties were sold in the past 12 months in Sydney.

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