118/569-581 George Street, Sydney, NSW 2000 | Property Value & History | OnTheHouse
OFF MARKET

118/569-581 George Street
Sydney NSW 2000

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 54m2
Land area: 2595m2
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Property Details for 118/569-581 George St, Sydney

118/569-581 George St, Sydney is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2001. The property has a land size of 2595m2 and floor size of 54m2. While the property is not currently for sale or for rent, it was last sold in March 2012.

Building Type
Unit
Year Built
2001
Floor Size
54m2
Land Size
2595m2
Local Government
Sydney
Lot/Plan
118/SP65111

Last Listing description (April 2019)

An unique north-east facing 1 bedroom apartment on level 22 of the Summit Apartments. The property comes with contemporary interior design include carpet, kitchen updates, modern appliances and bathroom fittings. Spacious living room with great layout for ideas on exceptional interior design. The apartment building is currently in the process of major upgrades including lifts and new main foyer etc.

The bedroom has ample natural light coming into the bedroom during different times of the day, it also comes with built-in wardrobe. Views of the city and pretty Kent Street views visible from the bedroom. The total area of apartment is 59metre squared.

It possesses a very functional floor plan with balcony access from the living room. One car space on title. A sizeable balcony overlooking George Street and city views, northern CBD can be seen from the bedroom. Major upgrades including lifts, main foyer of building, foyers of each floor have been approved at Extraordinary General Meeting of owners held in December 2018.

Sydney city attractions are all within walking distance- Townhall, Chinatown, Darling Quarter, QVB.

The building also has experienced strata and building management team with a strong surplus of the current sinking fund.

Modern kitchens, and internal laundry with dryer as well as a bathroom and shower.

Outgoing fees:

Strata Levies. $1483.11 per quarter (10% discount)
Water approx. $177 p/q.
Council approx. $264 p/q

Property History for 118/569-581 George St, Sydney, NSW 2000

A timeline of how this property has performed in the market
Last Sold
$510,000
16 Mar 2012
Listed for Rent
$495/w
13 Feb 2010
  • 25 Oct 2018
    Listed for Sale $800,000 to $810,000
  • 16 Mar 2012
    Sold for $510,000
  • 30 Sep 2011
    Listed for Sale 555000
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About Sydney 2000

The size of Sydney is approximately 3.0 square kilometres. It has 16 parks covering nearly 33.5% of total area. The population of Sydney in 2016 was 17252 people. By 2021 the population was 16667 showing a population decline of 3.4% in the area during that time. The predominant age group in Sydney is 20-29 years. Households in Sydney are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Sydney work in a professional occupation.In 2021, 24.20% of the homes in Sydney were owner-occupied compared with 29.10% in 2016.

Sydney has 24,344 properties. Over the last 5 years, Houses in Sydney have seen a -8.89% decrease in median value, while Units have seen a 0.92% increase. As at 31 January 2026:

  • The median value for Houses in Sydney is $2,443,487 while the median value for Units is $1,077,152.
  • Houses have a median rent of $880 while Units have a median rent of $1,000.
There are currently 188 properties listed for sale, and 291 properties listed for rent in Sydney on OnTheHouse. According to Cotality's data, 668 properties were sold in the past 12 months in Sydney.

Suburb Insights for Sydney 2000

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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.