239/3 Earl Place, Potts Point, NSW 2011 sold on 27 December 2024 | OnTheHouse
 
SOLD
Sold on 27 Dec 2024 for $458,800

239/3 Earl Place
Potts Point NSW 2011

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 25m2
Land area: 577m2
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Property Details for 239/3 Earl Pl, Potts Point

Building Type
Commercial
Year Built
1930
Floor Size
25m2
Land Size
577m2
Local Government
Sydney
Lot/Plan
39/SP82888

Last Listing description (September 2017)

**Investors Only**
Superbly located this Studio apartment offers investors the opportunity to own an inner Sydney CBD apartment at a very affordable price with a steady rental income which is not dependent on the occupancy of your apartment. You receive rent each month and can rest easy knowing Quest are looking after your investment daily. Located right in the heart of Kings Cross its location cannot be beaten with the following in a close proximity:
- Kings Cross Station

- Royal Botanic Gardens
- Local Dining and Cafes
Lease Details:
Current Rent: $558 per week ($29,018 per annum)
Rent as of 1/12/17: $30,323.81
Next Rent Increase: 1st December 2017
Current Return: 6.76% Gross / 5.98% Net
Yield as of 1/12/17: 7% Gross / 6.28% Net
Lease Terms: Lease to 30/11/2018 plus 4 x 5 Year options
Rent Increases: 4.5% yearly with market rent reviews every 5 years (next due 2018)
**The lease also has a 6% Ratchet Clause which means the rent cannot go up or down by more than 6% at the market rent review**
Approximate Owner Outgoings:
Council Rates: $687 per annum approx.
Water Rates: $800 per annum approx.
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund: $1865 per annum approx.

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Property History for 239/3 Earl Pl, Potts Point, NSW 2011

A timeline of how this property has performed in the market
Last Sold
$458,800
27 Dec 2024
  • 27 Dec 2024
    Sold for $458,800
  • 30 Aug 2017
    Sold for $452,500
  • 02 Aug 2017
    Listed for Sale Not Disclosed
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About Potts Point 2011

The size of Potts Point is approximately 0.6 square kilometres. It has 3 parks covering nearly 2.5% of total area. The population of Potts Point in 2016 was 9423 people. By 2021 the population was 7183 showing a population decline of 23.8% in the area during that time. The predominant age group in Potts Point is 30-39 years. Households in Potts Point are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Potts Point work in a professional occupation.In 2021, 33.20% of the homes in Potts Point were owner-occupied compared with 31.30% in 2016.

Potts Point has 7,311 properties. Over the last 5 years, Houses in Potts Point have seen a 48.97% increase in median value, while Units have seen a 12.05% increase. As at 31 October 2025:

  • The median value for Houses in Potts Point is $2,966,632 while the median value for Units is $1,097,102.
  • Houses have a median rent of $680 while Units have a median rent of $690.
There are currently 26 properties listed for sale, and 51 properties listed for rent in Potts point on OnTheHouse. According to Cotality's data, 352 properties were sold in the past 12 months in Potts point.

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