Back 31/66 Bayswater Road
Off Market

31/66 Bayswater Road

Rushcutters Bay NSW 2011

1
39 m²
Studio
Last sold for $550,000
Mark FoyMark Foy, last sold this property on 31 October 2024 after 84 days on market.

Overview

Luxury High Rental Yield Investment Opportunity In Charming Art Deco Block

Nestled in a distinctive art deco building, this architecturally designed and renovated, highly-liveable apartment seamlessly combines period charm with high-quality modern amenities. It boasts unique character, with significant "wow" factor, making you feel like you're staying in a luxury boutique hotel. The property offers a desirable lifestyle, centrally located near Rushcutters Bay Park (tennis court precinct / waterfront) and only a short stroll to Kings Cross Train Station and the local food and lifestyle amenities of Potts Point. This is a solid investment opportunity for retirees and self-managed super funds (SMSF) seeking cashflow. The property was previously rented to a long-term tenant at $560 per week, with a current rental appraisal of $600 per week. This apartment offers significant income yield for any investment portfolio, especially in a falling interest rate environment. AirBNB has also previously been conducted at this unit, with further enhanced rental yield returns. • Renovated with luxury finishings • Separate kitchen with abundance of storage • Short stroll to Rushcutters Bay Park and Potts Point dining and shopping precinct • Scramble parking available onsite • Miele combination washer/dryer • Liebherr integrated fridge/freezer • European appliances: integrated dishwasher, cooktop and combination oven/microwave

Features

1 bathroom
39 m² floor area
Studio

Estimated Value

Based on this property and similar studios sold in Rushcutters Bay over the last 12 months, the estimated median property value of 31/66 Bayswater Road is $410k.

Median value
$410k
Estimated value range
$325k - $570k
Median days on market
33
Estimated value trend
-19%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Rushcutters Bay. 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 31/66 Bayswater Road

2024
Sold
$550,000
Private Sale/Treaty on 31 Oct 2024 by Mark Foy, of McGrath Surry Hills
2022
Rented
Undisclosed
Leased on 29 Aug 2022 by Ray White Touma Taylor | Darlinghurst
2014
Sold
$395,000
Private Sale/Treaty on 14 Jul 2014 by Brenton Gadsby, of Bradfield BadgerFox | Double Bay

Happy sellers in Rushcutters Bay

65%
65% of sellers in Rushcutters Bay reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 23 reviews in Rushcutters Bay over the last 12 months.

Local market activity for studios in Rushcutters Bay

In the last 12 months, 13 studios similar to 31/66 Bayswater Road, have been sold.

This represents a 14% increase in studios sales when compared to the previous 12 months.

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