38/569-581 George Street, Sydney, NSW 2000 | Property Value & History | OnTheHouse
OFF MARKET

38/569-581 George Street
Sydney NSW 2000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 56m2
Land area: 2595m2
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Property Details for 38/569-581 George St, Sydney

38/569-581 George St, Sydney is a 1 bedroom, 1 bathroom Unit and was built in 2001. The property has a land size of 2595m2 and floor size of 56m2. While the property is not currently for sale or for rent, it was last sold in September 2020.

Building Type
Unit
Year Built
2001
Floor Size
56m2
Land Size
2595m2
Local Government
Sydney
Lot/Plan
38/SP65111

Last Listing description (January 2023)

If you are looking for a blue-chip investment in the CBD, convenient to occupy yet easy to rent out, look no further! Nestled on George street, unit 38 is located within Mid City, part of the CBD with a 'never sleeps' vibe.

Midcity, popular with professionals and hospitality workers alike, is home to some of the best real estate in the city. A short stroll would take you to QVB, Pitt Street Mall, Town Hall, and further onto Darling Harbour and Darling Square. Head down South and follow your nose, and you will find Chinatown, Market City, and Darling Square, a brand new cultural hub home to world-class dining and laneway bars.

Unit 38 makes an attractive choice for investors as it's a low-maintenance rental due to the location and low outgoings. The Summit is a well-maintained complex with the owner's corporation keen on up-keeping the building and keeping levies at bay.

THE APARTMENT
This modern apartment sits high on the 11th level and features a large living area, a modern kitchen, and a queen-sized bedroom that opens up to the balcony.

Unit 38 can be defined by a spacious open layout featuring a combined lounge/dining space, floor-to-ceiling windows to capitalise on the afternoon sun and the city views, and a generous-sized kitchen and bedroom.

Open plan living/dining area extending out to the balcony
Spacious balcony with glass railings ensuring uninterrupted city views
Spacious bedroom with double mirrored built-in wardrobe
Gas kitchen with stainless steel appliances
Fully tiled bathroom featuring a shower and a bath - it's always nice to have the option to
take a bath
Internal laundry, intercom
Access to building facilities fully equipped gym, full lap swimming pool, sauna, and spa
Onsite building management/security

Facts:
Total Area: 68m2
Aspect: West

Outgoings (per quarter)
Strata: $1,490
Water: $183
Council: $282

20/01/2023 - Lease Term: 26 Weeks - Weekly Rent: $640pw

To make an offer on this apartment or to arrange a private inspection, please contact Cintia Elkhoury on 0410 434 979 or email cintia@metrorealty.com.au.

Disclaimer: We have obtained all information from sources we believe to be reliable; however, we cannot guarantee its accuracy. Interested parties should make independent inquiries about the accuracy of the information provided.

Property History for 38/569-581 George St, Sydney, NSW 2000

A timeline of how this property has performed in the market
Last Sold
$611,000
25 Sep 2020
Listed for Rent
$640/w
11 Jan 2023
  • 09 Jan 2023
    Listed for Sale $685,000
  • 15 Dec 2022
    Listed for Rent $640 / week
  • 21 Jun 2022
    Listed for Sale $685,000
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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 24,336 properties. Over the last 5 years, Houses in Sydney have seen a -25.68% decrease in median value, while Units have seen a -0.11% decrease. As at 31 December 2025:

  • The median value for Houses in Sydney is $1,439,062 while the median value for Units is $1,077,930.
  • Houses have a median rent of $850 while Units have a median rent of $1,000.
There are currently 176 properties listed for sale, and 297 properties listed for rent in Sydney on OnTheHouse. According to Cotality's data, 676 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.