61 Chinchen StreetIslington NSW 2296
Property Details for 61 Chinchen St, Islington
Last Listing description (August 2023)
The wonderful convenience of being within level walking distance to Beaumont Street's shopping, cafes, trains and amenities is a major draw card of this block of two generous-sized apartments. With happy tenants in situ and returning a combined rent of $395 per week, it provides a ready-made prospect to add to your investment or self managed super fund portfolio.
The bright accommodation offers approximately 45-50sqm of internal living space with a fresh neutral colour scheme. The floorplan delivers combined lounge and dining, neat kitchen and bathroom facilities and a generously proportioned bedroom. Unit two upstairs also features a covered deck area. Outdoors a sunny and secure backyard provides the perfect spot for relaxation or entertaining and also houses the shared laundry.
This modern apartment block is located moments from Hunter TAFE, Islington Park and the Throsby Creek walk and cycleway to Honeysuckle harbour precinct and CBD.
* Block of two modern one bedroom apartments
* Readymade prospect for investment or superannuation portfolio
* Unit 1 returning $220 per week and Unit 2 $175
* Wonderful convenience of being within walking distance to Beaumont St
* Easy access to Hunter TAFE, Islington Park and the Throsby Creek walk and cycleway
FRIENDLY AUCTION SYSTEM -
This property is being sold under the revolutionary Friendly Auction System.
- An independent pest & building report is available on request at no charge to you (this is the type of report your solicitor would usually recommend purchasing before bidding at an auction of making an unconditional offer prior to auction and are conducted by a panel of reputable companies. The companies have consented to friendly auction terms and will generally be happy to speak to you about any questions in reports and in most cases transfer the reports into your name if you are the successful buyer at auction or prior to auction, see each report for details).
- Flexible deposit and settlement conditions are also available by negotiation with the agent if required.
- Offers can also be made prior to auction and each offer will be assessed on it's merits.
Bid and buy with confidence in this consumer driven, transparent auction system that was pioneered here in Newcastle but is now in use across Australia.
We also have a downloadable guide available at www.prdnewcastle.com.au
Property History for 61 Chinchen St, Islington, NSW 2296
- 11 Aug 2023Listed for Sale Not Disclosed
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About Islington 2296
The size of Islington is approximately 0.7 square kilometres. It has 4 parks covering nearly 12.3% of total area. The population of Islington in 2016 was 1883 people. By 2021 the population was 2026 showing a population growth of 7.6% in the area during that time. The predominant age group in Islington is 20-29 years. Households in Islington are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Islington work in a professional occupation.In 2021, 51.60% of the homes in Islington were owner-occupied compared with 49.40% in 2016.
Islington has 1,367 properties. Over the last 5 years, Houses in Islington have seen a 48.25% increase in median value, while Units have seen a 29.08% increase. As at 30 April 2026:
- The median value for Houses in Islington is $1,123,929 while the median value for Units is $883,148.
- Houses have a median rent of $700 while Units have a median rent of $668.
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