Sydney's cheapest sold for $383,000 at Croydon Park

Sydney's cheapest sold for $383,000 at Croydon Park
Sydney's cheapest sold for $383,000 at Croydon Park

A one bedroom Croydon Park unit was Sydney's cheapest weekend auction sale, reflecting a sale with a gross 4.7% yield.

It was 1/9 Queensbrough Road which sold to an investor through Unique Property Real Estate agent Hellio Dias.

The size was 42 sqm.

The now renovated 1965 apartment last sold at $200,000 in 2009, reflecting 10% annual growth after renovation. It was last up for rent in early 2014 with a $345 weekly asking rental.

There was only one other sale at below $500,000 across Sydney.

There were three sales under $500,000 around the Charmhaven district.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

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Apartments Home Affordability

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