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

Sydney's cheapest sold for $383,000 at Croydon Park
Jonathan ChancellorDecember 7, 2020

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 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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