Neutral Bay apartment sells pre-auction at 4.35% yield
Jonathan ChancellorDecember 7, 2020
Last traded for $480,000 in 2011, a two bedroom Neutral Bay apartment sold ahead of weekend auction for $610,000.
Currently rented for $510 a week, 9/441 Alfred Street had been listed with $560,000 plus hopes.
Its sale reflected a 4.35% yield, although the agents suggest the current market rental is $550 per week.
The two bedroom, one bathroom apartment with one undercover car space was built in 1962 and renovated in 2011.
It is on the first floor of Winchester House.
The renovated 88 square mere apartment strata levy is $621 a quarter.
It sold through Raine & Horne Chatswood agents Rebecca Harrison and Hugh Macfarlan.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.
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