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North Sydney Property Research

Sunday, May 6, 2012





We saw a property yesterday and fell in love. When I found it earlier this week I remembered telling John that I have a good feeling about it. We were all excited when we got there but found out that the tenant was not around and the real estate agent couldn't let us in! We drove home after but only to get a call from the agents 10 mins later so yes..we drove all the way back there again and I'm glad we did. Check out the website on domain:

 
http://www.domain.com.au/Property/For-Sale/Apartment-Unit-Flat/NSW/North-Sydney/?adid=2009673967
  
Its a new(ish) building in North Sydney, just minutes to North Sydney shopping district. Close to transport and restaurants and a secured parking spot! 

The apartment also comes with an air conditioning unit with intercom.






Gorgeous, sleek granite gas kitchen.













Double bedroom with built in robe. With bi-fold timber doors to separate the living room and bedroom.











There's an indoor pool, gym and lift access. 













Open plan living with balcony with stylish mosaic tiled bathroom.





















The apartment is currently rented for $495 a week and based on my research that weekly rent is about right between $475 - $520 a week. We could also furnish it up and rent it out higher.

So did some research and based on my calculations, all units similar to this from last year was sold for an average of $421,000. Those property size ranges from 40sqm to 75sqm.




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