62/7 Anderson Street, Neutral Bay, NSW 2089

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Sold for $795,000 (Jun 29, 2020)

Sun-filled 2 bedroom unit - Superb Investment or First Home

Positioned on the top floor of this security building with a sundrenched Northerly aspect and sweeping views over Ilbery Reserve and the Neutral Bay Tennis Club, this recently renovated apartment is a bargain buying opportunity only a short level stroll from the vibrant heart of Neutral Bay Junction with its array of cafes, restaurants, specialty shops and city transport options.

The apartment has been recently renovated throughout and includes 2 double bedrooms both with built-in robes (and one with a Harbour view), stylish bathroom, as-new gas kitchen with dishwasher, and a light filled dining & living that flows out to the North facing balcony. A shared laundry for the floor is located immediately adjacent to the unit affording ultimate convenience and amenity. The unit includes a car space (exclusive use on title) and is currently let until January 2021 at $690 per week to excellent tenants.

The building includes lift access, and has undergone extensive common area upgrades including foyer, painting and windows with a recently appointed Strata Manager who has been given complete control to undertake further works where necessary (hence the accumulation of money in the Capital Works Fund).

Outgoings: Council $261.00 p.q. Water $179.06 p.q. Strata $1682.47 p.q. (with a balance in the Capital Works Fund of $994,573 as at 20/3/20).

Area: 65.4 sqm plus allocated open car space (exclusive use by law)

Property Info:
  • Property ID: L2438197
  • Property Type: Apartment
  • Garages: 1
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R&H Suburb Profile: Neutral Bay

R&H Suburb Summary Houses
Number of sales 45
Average Price $2,398,611
Median Price $2,072,500
Median Rental Price $880 p.w.
Change in Rental Rate (5yr) -7 %
R&H Suburb Summary Units
Number of sales 209
Average Price $1,115,546
Median Price $990,000
Median Rental Price $530 p.w.
Change in Rental Rate (5yr) -2 %
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