302/53 Merton StreetSutherland NSW 2232
Property Details for 302/53 Merton St, Sutherland
302/53 Merton St, Sutherland is a 2 bedroom, 1 bathroom Apartment with 1 parking spaces. The property has a land size of 110m2 and floor size of 91m2. While the property is not currently for sale or for rent, it was last sold in May 2026. There are other 2 bedroom Apartment sold in Sutherland in the last 12 months.
Last Listing description (May 2026)
This well-positioned apartment represents a standout opportunity for buyers who understand value and long-term upside.
Why this is a smart buy:
- Purchase price already adjusted to reflect current levies
- No surprise special levies - funding already structured and in place
- Opportunity to benefit from future capital growth as works progress
- Strong rental potential of approx. $650 per week
- If you are an investor all levies are fully tax deductible
For buyers who can see beyond the short-term perception, this is a strategic entry into the market with built-in upside.
Strata levies are currently approximately $5,709 per quarter,
Broken up to three parts which include per Qtr :
Standard Strata : $1800
Loan repayment for special levy : $1377.20
Water penetration & Fire safety upgrades: $2531.93
Importantly, these costs are tied to funded capital works including water penetration repairs and fire safety upgrades, with a clear plan in place and no uncertainty around future funding.
Fees during the repayment structure is spread over time (currently scheduled through to 2039 which could finish earlier depending the work schedule ideally aiming to be completed before Xmas 2026
The property has been priced to reflect this, creating a rare opportunity to secure an apartment significantly below comparable market value.
Property History for 302/53 Merton St, Sutherland, NSW 2232
- 05 May 2026Sold
- 23 Feb 2026Listed for Sale Another one Sold By Singer!
- 13 Oct 2021Listed for Rent $480 / week
Recent sales nearby
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About Sutherland 2232
The size of Sutherland is approximately 3.7 square kilometres. It has 13 parks covering nearly 21.2% of total area. The population of Sutherland in 2016 was 10816 people. By 2021 the population was 11570 showing a population growth of 7.0% in the area during that time. The predominant age group in Sutherland is 30-39 years. Households in Sutherland are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Sutherland work in a professional occupation.In 2021, 55.10% of the homes in Sutherland were owner-occupied compared with 54.60% in 2016.
Sutherland has 6,900 properties. Over the last 5 years, Houses in Sutherland have seen a 33.61% increase in median value, while Units have seen a 32.67% increase. As at 30 April 2026:
- The median value for Houses in Sutherland is $1,680,881 while the median value for Units is $895,357.
- Houses have a median rent of $990 while Units have a median rent of $680.
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