Unit 802, 8 PARK LANE Chippendale NSW 2008
This property is Off Market
- Last sold 9/2/2024 for $570,000. The Average property price in this area is $1,700,633, this is based on recent transactions.
- Distance to the coast 2.56 km
- Potential bushfire risk 0 / 10
- Report as to subsidence
- Potential Land Contamination risk
- Powerlines within 200m 0
Street view
Property For Sale Nearby
Recently Sold Properties in this Area
- 10/23/2024 1 PINE ST $1,100,000
- 10/23/2024 39 DANGAR PL $840,000
- 10/18/2024 11 ROSE ST $965,000
- 10/18/2024 60 CITY RD $715,000
- 10/18/2024 82 MYRTLE ST $1,170,000
About Redfern - Chippendale
With an average age of 27, households expect an average monthly mortgage payment of $2,450 or a weekly rent payment of $530. The average family earns a weekly income of $2,225 with a typical household size of 1.7 and a 90.91% employment rate.
Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. Incomes in Chippendale are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The high percentage of professional people in Chippendale classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. Medium density in Chippendale necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.
Public Transport
Glebe
Wentworth Park
Convention
Exhibition Centre
Paddy's Markets
Capitol Square
Central
Museum
Fish Market Wharf
Town Hall
General Points of Interest
Skyview Shopping Plaza
Australian Air Cadets Memorial
Gunyama Park Aquatic and Recreation Centre
Pelican
Wombat
Fanny Durack Aquatic Centre
Camperdown Fitness
War Memorial
Woolstores Alexandria Monument
Crone Architects
Population
(Country of Birth not stated 7%)
Are people healthy?
There are a recorded 1619 asthma sufferers and 724 people living with diabetes. In addition, 708 people have a heart/vascular condition and 1512 people live with three or more chronic diseases.A good place to invest in property?
Redfern - Chippendale a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
New South Wales State average 59 / 100
Income
52 / 100
31 / 100
Industry
72 / 100
22 / 100
Population
37 / 100
19 / 100
House Prices
77 / 100
60 / 100
Jobs
63 / 100
29 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
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School CatchmentsGlebe PS Inner Sydney HS Alexandria Park CS
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Glebe Public School
Glebe, NSW, 2037 State K-6 -
Redfern Jarjum College
Redfern, NSW, 2016 Independent 1-6
Property Story
Unit 802, 8 Park Lane, Chippendale, Nsw, 2008 is a residential property . The estimated distance to the sea is 2.56km and at least 3.23KM to vegatation considered to be a factor in bushfire risk.Local Developments
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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