406/3 Hosking PlaceSydney NSW 2000
Property Details for 406/3 Hosking Pl, Sydney
406/3 Hosking Pl, Sydney is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1998. The property has a land size of 1624m2 and floor size of 60m2. While the property is not currently for sale or for rent, it was last sold in October 2021.
Last Listing description (February 2013)
MEDINA CLASSIC... Priced for quick sale | 10 year lease | Fully managed serviced apartment
'Medina Classic Martin Place' is located one block north of Martin Place in the blue chip northern CBD. This professionally managed, fully furnished, one bedroom serviced apartment is an ideal choice for self managed Super Funds and investors seeking a hands free City residential apartment in a prime location.
* 60 square metre one bedroom apartment approx 12 years old
* Fully equipped timber and granite kitchen with s/steel appliances
* Separate double bedroom with built-in wardrobes
* Fully tiled bathroom; separate laundry; balcony
* Ducted, individually controlled air-conditioning
This property is NOT for first home buyers or owner occupiers - it is purely for investors. NET income in excess of 6% for the 2012 financial year.
Owners receive monthly distributions based on the pooled occupancy of all 49 apartments in the building. Monthly and annual summaries are provided by the manager. NET rents paid to owner for the financial year ended 30 June 2012 were $17,361, after all costs and outgoings are deducted. The previous years rent was $17,371 and year before this was $16,572 demonstrating consistent returns.
A secure new 10 year lease commenced last year and expires on 31 December 2022. The tenant pays all statutory outgoings INCLUDING your Strata levy $1,038.94 per quarter / Water rates $605 year / Council rates $833.20 year.
Inspections strictly by appointment with the exclusive agent.
Property History for 406/3 Hosking Pl, Sydney, NSW 2000
- 06 Oct 2021Sold for $526,500
- 08 Mar 2013Sold for $255,000
- 29 Jan 2013Listed for Sale $282,000
Recent sales nearby
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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 24,411 properties. Over the last 5 years, Houses in Sydney have seen a 34.40% increase in median value, while Units have seen a -1.07% decrease. As at 31 March 2026:
- The median value for Houses in Sydney is $1,867,983 while the median value for Units is $1,073,119.
- Units have a median rent of $1,000.
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