Darlinghurst two bedder sale reflected 5.2% rental yield
Jonathan ChancellorDecember 7, 2020
A ground floor 56-square-metre Darlinghurst unit fetched $650,000 ahead of its recent auction.
With high ceilings and ornate cornices, the 2/265 Palmer Street offering had initial $580,000 plus hopes.
It was at the cheaper end of Darlinghurst's median price for two bedroom units.
The classic art deco apartment is tenanted for $655 a week until early 2015, so the BresicWhitney sale reflected a 5.2% yield.
The stone kitchen has stainless steel Smeg appliances and the updated bathroom has travertine floors.
The master bedroom has plantation shutters and a good-sized balcony leads off the lounge.
Its levies were $1,152 per quarter.
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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