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Back 505/1 Kingsway
Off Market

505/1 Kingsway

Cronulla NSW 2230

2
2
1
94 m²
110 m²
Apartment
Last sold for $1,200,000
Peter TobyPeter Toby, last sold this property on 16 March 2020 after 47 days on market.

Overview

TIME TO LIVE THE DREAM!

SOLD BY THE NEWTON TEAM... RETIREMENT SOLUTION WANT TO TRAVEL MORE? WANT SOMEONE ELSE TO SUBSIDISE YOUR HOLIDAYS? WANT A BASE IN CRONULLA THAT CAN PAY FOR ITSELF? TIME TO LIVE THE DREAM! Time to buy this furnished holiday and short-term rental apartment. Available for your own use between bookings. Or. Available for bookings between your own use! The choice is yours, use the apartment yourself for a maximum of 3 months per stay then rent it out while you holiday somewhere else! Renting between $2100/week and $2898/week when the current owners are not in residence. POOL & CITY VIEWS Fully renovated in 2014. NBN INTERNET FOXTEL Located opposite the famous North Cronulla Surf Beach, this 5th floor, self-contained, furnished, two-bedroom, resort-style apartment, overlooks the sparkling 25m pool and spa from its large covered balcony. Beautifully presented and a rare opportunity to invest in your future with control of your asset. Features include modern bathrooms and kitchen with ducted air conditioning, internal laundry with tumble dryer, built-in robes, security video intercom, lift access and secure basement car space with over-bonnet lockable storage. Resort facilities include pool, sauna, spa and gym. Leave your car in your secure basement car space and walk to your favourite beaches, shops and restaurants. You can even catch the train to and from the airport or city. This executive style property comes fully furnished with everything you need to continue providing, highly sought after, self-contained, short term accommodation. Yes you can stay in your own apartment! This property is not leased to Quest so you can stay in it yourself for $0/night! You decide how much involvement you want. You can manage it yourself, use a real estate agent (we manage it for the current owners) or you can talk to Quest about them leasing the property from you. The choice is yours! This is a rare opportunity indeed! 110 square metres on title, including the 16 square metre Mezzanine Level car space. Approximate outgoings: Strata $2532/Q Council $345/Q Electricity $275/Q Gas $200/Q Water $177/Q 5 Star review from repeat guest: "Opposite North Cronulla Beach with Pool & City Views, lift access 505 Review #29976446 This is our third stay at this property. It is ideally located right across from north Cronulla beach, there is plenty of shops and restaurants close by. The train station is a 7 minute walk. The unit is well equipped and nicely decorated. The complex had great pool and spa area along with a gym. Another great stay at Abel Place. Date of arrival - 23 December 2019"

Features

2 bedrooms
2 bathrooms
1 carspace
94 m² floor area
110 m² lot size
Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Cronulla over the last 12 months, the estimated median property value of 505/1 Kingsway is $1.14m.

Median value
$1.14m
Estimated value range
$1k - $2.7m
Median days on market
21
Estimated value trend
17%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Cronulla. 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 505/1 Kingsway

2020
Sold
$1,200,000
Private Sale/Treaty on 16 Mar 2020 by Peter Toby, of Newton Real Estate

Happy sellers in Cronulla

87%
87% of sellers in Cronulla reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 127 reviews in Cronulla over the last 12 months.

Local market activity for 2 bedroom apartments in Cronulla

In the last 12 months, 188 two-bedroom apartments similar to 505/1 Kingsway, have been sold.

This represents a 30% increase in two-bedroom apartments sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Cronulla

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Nick Tsaccounis

Nick Tsaccounis is an award winning recommended agent for Cronulla.  They have 38 local sales and collected 29 local reviews across the last 12 months.

  •   4.9   (261 reviews)
  •  29 Reviews in Cronulla
  •  38 Sales in Cronulla
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Ivan Lampret

Sellers who recommend Ivan Lampret have praised them for being clear communication, local expert, honest, supportive, reliable, friendly and responsive

  •   4.9   (388 reviews)
  •  16 Reviews in Cronulla
  •  36 Sales in Cronulla
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Corey Bell

Corey Bell is an award winning recommended agent for Cronulla.  They have 19 local sales and collected 14 local reviews across the last 12 months.

  •   5   (316 reviews)
  •  14 Reviews in Cronulla
  •  19 Sales in Cronulla
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Mitchell Wynn

Mitchell Wynn is an award winning recommended agent for Cronulla.  They have 19 local sales and collected 11 local reviews across the last 12 months.

  •   4.9   (254 reviews)
  •  11 Reviews in Cronulla
  •  19 Sales in Cronulla
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