52/230 Elizabeth StreetSurry Hills NSW 2010
Property Details for 52/230 Elizabeth St, Surry Hills
52/230 Elizabeth St, Surry Hills is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1940. The property has a land size of 513m2 and floor size of 45m2. While the property is not currently for sale or for rent, it was last sold in August 2007.
Last Listing description (August 2007)
SOLD!
This building known as Elizabeth House is an 8 level building housing 57 units with 2 retail shops.
Positioned on the 5th level of this circa 1940s building, apartment 52 overlooks Elizabeth Street and has district park views.
Currently let at $315 p/w lease expired. Investors note: an extremely strong rental demand area.
High Levies... a short and simplistic summary as to why the levies are higher than normal.
This building required upgrades and as there were insufficient funds, the building borrowed money to pay for these improvements. These building works are now budgeted for, but this 4 year loan still needs to be repaid.
Therefore, it was agreed by the building's body corporate that the levies were to be dramatically increased.
We advise that all potential buyers conduct their own Strata reports.
It would be clever buying to take advantage of this current position which has a limited period then imagine the capital appreciation once the loan is paid off and the high levies are reduced.
Based on the high levies our motivated Vendor has set a very attractive selling price.
Additional feature - Built-In Wardrobes.
Property History for 52/230 Elizabeth St, Surry Hills, NSW 2010
- 13 Jan 2016Listed for Rent - Price not available
- 06 Aug 2007Sold for $220,000
- 20 Jul 2007Listed for Sale SOLD
Recent sales nearby
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0About Surry Hills 2010
The size of Surry Hills is approximately 1.3 square kilometres. There are 17 parks, covering nearly 9.2% of the total area. The population of Surry Hills in 2016 was 16412 people. By 2021 the population was 15828 showing a population decline of 3.6% in the area during that time. The predominant age group in Surry Hills is 30-39 years. Households in Surry Hills are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Surry Hills work in a professional occupation.In 2021, 32.20% of the homes in Surry Hills were owner-occupied compared with 32.30% in 2016.
Surry Hills has 13,776 properties. Over the last 5 years, Houses in Surry Hills have seen a 4.81% increase in median value, while Units have seen a -3.78% decrease. As at 31 July 2026:
- The median value for Houses in Surry Hills is $2,327,748 while the median value for Units is $949,600.
- Houses have a median rent of $1,300 while Units have a median rent of $830.
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