54/15 Springfield AvenuePotts Point NSW 2011
Property Details for 54/15 Springfield Ave, Potts Point
54/15 Springfield Ave, Potts Point is a 1 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a land size of 405m2.
Last Listing description (January 2016)
**INVESTORS ONLY**
Superbly located and refurbished, 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. Recently refurbished under our regular maintenance program, this apartment boasts new carpets, kitchenette with gas cook top, built-in wardrobe and ensuite style bathroom featuring a shower, hand basin and toilet.
LEASE DETAILS:
Current Return: 7.03% as of 1st December 2015
Lease Terms: Lease to 30th November 2018 with 4 x 5 Year Options
Rent Increases: By 4.5% In December 2016 and 2017 (Rent Reviews At 5th Year - Next Due 2018 and 6% Ratchet Clause)
Property History for 54/15 Springfield Ave, Potts Point, NSW 2011
- 31 Jul 2015Listed for Sale Not Disclosed
Recent sales nearby
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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 7,234 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.
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