31/15 Springfield Avenue, Potts Point, NSW 2011 | Property Value & History | OnTheHouse
OFF MARKET

31/15 Springfield Avenue
Potts Point NSW 2011

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 37m2
Land area: 405m2
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Property Details for 31/15 Springfield Ave, Potts Point

31/15 Springfield Ave, Potts Point is a 1 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a land size of 405m2 and floor size of 37m2.

Building Type
Unit
Floor Size
37m2
Land Size
405m2
Local Government
Sydney

Last Listing description (March 2017)

**Investors Only**
Superbly located this Studio style 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)
Next Rent Increase: 1st December 2017
Current Return: 6.67% Gross / Net 5.87%
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 ratchet clause which means at the market rent review the rental amount cannot increase or decrease by more than 6%
Approximate Owner Outgoings:
Council Rates: $692 per annum
Water Rates: $797 per annum
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund: $2004 per annum

Property History for 31/15 Springfield Ave, Potts Point, NSW 2011

A timeline of how this property has performed in the market
  • 08 Feb 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 7,233 properties. Over the last 5 years, Houses in Potts Point have seen a 66.90% increase in median value, while Units have seen a 1.77% increase. As at 31 December 2025:

  • The median value for Houses in Potts Point is $4,024,367 while the median value for Units is $1,035,092.
  • Houses have a median rent of $690 while Units have a median rent of $695.
There are currently 16 properties listed for sale, and 42 properties listed for rent in Potts point on OnTheHouse. According to Cotality's data, 309 properties were sold in the past 12 months in Potts point.

Suburb Insights for Potts Point 2011

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality 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 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.