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Off Market

45/230 Elizabeth St

Surry Hills NSW 2010

2
1
59 m²
Apartment

Overview

INNER CITY RENOVATED HIGH YIELD 2 BDR APARTMENT (UNDER CONTRACT)

Phone enquiries - please quote property ID 16677 Incredibly well located property ideal for investment with very high rental demand and strong yield in excess of 5%. Very spacious main bedroom with built-ins, flowing open plan living area and huge bathroom. Pet friendly building, extemely easy to rent due to to location. This apartment is a bargain selling BELOW median price and generating ABOVE median rental. The building is constantly being improved with new foyer and roof deck later this year which will increase the value further. THE LOCATION - Conveniently located in the heart of Surry Hills next to Chinatown, Central Station, UTS and Hyde Park. - Central train station is only a few minutes walk from the apartment. - Sydney CBD is just 5-6 minutes walk. - Bus stop to/from Sydney CBD is literally in front of the apartment. THE APARTMENT - 2 bedrooms with built-in wardrobes in both bedrooms. - Very spacious bathroom with bath tub and internal laundry - Very easy to rent apartment due to location with growing rentals in the buildings and very strong capital growth over the last 5 years - Lots of natural light and reverse cycle air conditioning. - Apartment is newly renovated - freshly painted and new floorboards. - Impressive views of the city skyline - Kitchen is equipped with a stove, a great oven, dishwasher and microwave. - Many excellent cafes and restaurants in the area - Supermarket and 24/7 gyms just around the corner - Security building - Street Parking from Council Approved This apartment is excellent for investors looking for high rental yields and will continue to appreciate as there are many improvements scheduled for the building as well as owner occupiers looking for an inner city lifestyle. Normally rented out at $650 pw, can be even higher if partly or fully furnished. Inspections this Wednesday at 6:30-7pm and Saturday 10:30-11am. Auction 28th of May 2016

Features

2 bedrooms
1 bathroom
59 m² lot size
Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Surry Hills over the last 12 months, the estimated median property value of 45/230 Elizabeth St is $1.48m.

Median value
$1.48m
Estimated value range
$770k - $2.42m
Median days on market
26
Estimated value trend
5%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Surry Hills. 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 45/230 Elizabeth St

2024
Rented
Undisclosed
Leased on 28 Jan 2024
2016
Sold
Undisclosed
Private Sale/Treaty on 27 May 2016
2012
Sold
$360,000
13 Jul 2012 by Jessica Carey, of The Agency Inner West l Concord

Happy sellers in Surry Hills

82%
82% of sellers in Surry Hills reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 63 reviews in Surry Hills over the last 12 months.

Local market activity for 2 bedroom apartments in Surry Hills

In the last 12 months, 74 two-bedroom apartments similar to 45/230 Elizabeth St, have been sold.

This represents a 38% increase in two-bedroom apartments sales when compared to the previous 12 months.

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Alexander Babukhin

Alexander Babukhin is a recommended agent for Surry Hills.  They have 9 local sales and collected 8 local reviews across the last 12 months.

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