Back 2/85 Chelmsford Street
Off Market

2/85 Chelmsford Street

Newtown NSW 2042

1
1
Studio
Chris AlbrechtChris Albrecht, last sold this property on 05 March 2023 after 54 days on market.

Overview

SOLD | Large, Light and Bright, Fully Renovated Studio Apartment

Large, light and bright, fully renovated 40sqm studio apartment with parking (total 54sqm), ideally located in a quiet leafy street just moments from the vibrant King Street Cafe strip, Newtown Train Station and city transport connections. Low strata and the same tenant for over three years makes this an investment opportunity not to be missed. Positioned on the first floor of a small low maintenance security block of just 14 units, this studio offers: • Near new full kitchen • Spacious open plan living/bedroom space • Built-in wardrobes and wall mounted day/night bed • Fully tiled bathroom with shower and bath • Large corner balcony enjoying leafy parkside outlooks • 14sqm car space on title • Rented at $430pw by a steadfast tenant • Low Strata of $280pq Unit Size: 54 sqm Strata Rates: $279 pq Water Rates: $163 pq Council Rates: $338 pq Current Rent: $430pw Figures are approximate only

Features

1 bathroom
1 carspace
1 carport space
Studio

Estimated Value

Based on this property and similar studios sold in Newtown over the last 12 months, the estimated median property value of 2/85 Chelmsford Street is $452.5k.

Median value
$452.5k
Estimated value range
$337k - $735k
Median days on market
28
Estimated value trend
9%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Newtown. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 2/85 Chelmsford Street

2023
Sold
Undisclosed
05 Mar 2023 by Chris Albrecht, of Kellys Property

Happy sellers in Newtown

86%
86% of sellers in Newtown reported that their sale price either exceeded or met their price expectations.

Newtown stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 75 reviews in Newtown over the last 12 months.

Local market activity for studios in Newtown

In the last 12 months, 14 studios similar to 2/85 Chelmsford Street, have been sold.

This represents a 40% decrease in studios sales when compared to the previous 12 months.

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