After 15% annual growth, Darlinghurst studio Sydney's weekend auction cheapest

Sydney's cheapest weekend residential sale was a $400,000 Darlinghurst studio apartment.

The price guidance was over $335,000 for the 38 square metre apartment with balcony.

The McGrath marketing noted a $400 a week rental for the third floor apartment at 8/19 Kirketon Road, Darlinghurst.

It last sold in late 2012 at $300,000 reflecting, 15% annual price growth for the 1995 built offering.

It is a rare example where actual price movements have mirrored the Sydney median price growth over the matching period.

However its prior two sales show a longer and slower price growth that beset Sydney.

It sold in 2006 for $220,000 and in 2001 at $195,000.

Its annual council rates at $808, the annual water rates are $721 and strata levies $640 a quarter.