501/653-659 George StreetHaymarket NSW 2000
Property Details for 501/653-659 George St, Haymarket
501/653-659 George St, Haymarket is a 1 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2000. The property has a land size of 268m2 and floor size of 69m2. While the property is not currently for sale or for rent, it was last sold in December 2022.
Last Listing description (August 2026)
On offer is a high net returning, renovated apartment located in the Mantra Sydney Central building, which is run by the world-renowned Accor group. An amazing opportunity to capitalise on massive net returns by leasing through a specialized short term leasing agency. Enjoy a hassle free, high preforming income generating mid-city asset, conveniently located only 100m walk from the Capitol Theatre and footsteps away from the China Town light rail.
The apartment is currently leased via a short term rental agency and has achieved an annual net return of $40,918.18 = 6.2% net return on the asking price, plus there is scope for improvement.
Note - the strata levies have changed to $2,960.30 p/q for a 3-year strata loan period (they were previously $2,077.10), factoring these strata levies in, the net return would be $37,385.38 = 5.7%. The above figures have been calculated on the original strata levies.
- Renovated with new timber flooring, new paint, new kitchen doors, led lighting, new blinds and curtains, new sofa bed and more
- Ability to use the apartment on occasion and short term lease to generate income whilst not using it
- Flexibility to short term let or lease through Mantra, fully furnished
- Well appointed, contemporary interiors with two balconies and two bathrooms
- Centrally located building, 24hr concierge (with Mantra Lease), on-site restaurant
- Footsteps to the Capital Theatre, easy walk to Town Hall Station
- Council: $242.80, Water: $21.64 p/q approx.
Comparable Sale - apartment 701 which is the same floorplan and unrenovated sold for $700k in August 2025. This apartment (501) has had extensive renovations.
*For investment only, the apartment cannot be lived in.
Call Brenden Taliana on 0402 634 828 or email brenden@sydneycoveproperty.com.
All information contained herein is gathered from sources we deem to be reliable, however, we cannot guarantee its accuracy and interested persons should rely on their own enquiries.
Property History for 501/653-659 George St, Haymarket, NSW 2000
- 20 Nov 2025Listed for Sale $700,000
- 12 Jun 2025Listed for Sale $700,000
- 14 Feb 2025Listed for Sale $700,000
Recent sales nearby
See more recent sales nearby/assets/perm/mqedi7n5vui6ngkdjwyxz22rei?signature=bbc286ee5d17f18b464ded1912839b78d60c84a63aa32d0d3db9b9347857aa81){kind=logo}
0
/assets/perm/2flikzk4bii63p7ixhtwud3id4?signature=705465ad55171fa22aa5ba544d06afacaec6bc9b68a3b6541b26b60cd731b1a9){kind=logo}
0/assets/perm/hgs5agf6lyi6ncs3iwhwz3ayxe?signature=e9cc52f3b77e98773c890343b4f1072051d5a27d3c30d41cc8f26bfecf12a133){kind=logo}
0Similar properties For Sale nearby
See more properties for sale nearby
0
0
0
Similar properties For Rent nearby
See more properties for rent nearby
0
0
0About Haymarket 2000
The size of Haymarket is approximately 0.5 square kilometres. There are 3 parks, covering nearly 8.3% of the total area. The population of Haymarket in 2016 was 7353 people. By 2021 the population was 8305 showing a population growth of 13.0% in the area during that time. The predominant age group in Haymarket is 20-29 years. Households in Haymarket are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Haymarket work in a professional occupation.In 2021, 19.80% of the homes in Haymarket were owner-occupied compared with 25.10% in 2016.
Haymarket has 6,245 properties. Over the last 5 years, Houses in Haymarket have seen a 19.00% increase in median value, while Units have seen a -8.00% decrease. As at 31 August 2026:
- The median value for Houses in Haymarket is $2,226,110 while the median value for Units is $1,007,339.
- Units have a median rent of $1,225.
Suburb Insights for Haymarket 2000
Market Insights
Haymarket Trends for Houses
N/A
N/A
View TrendN/A
N/A
Haymarket Trends for Units
N/A
N/A
View TrendN/A
N/A
Neighbourhood Insights
© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.
While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.
This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.
X
