Half of Newtown apartment block for sale

Over half of the apartments in a Newtown apartment block are set to sell having been maintained by one owner for the last 45 years.

All of the 15 one bedroom units have been renovated internally.

They sit in a block of nearly 30 apartments in a three level, 1970s building at 48-52 Darley Street.

The apartments have a price tag of $7.85 million through NG Farah agents Martin Farah and David Yacoub.

It works out to $523,000 per apartment, well below Newtown's $655,000 median price for a one bedroom unit.

Combined the apartments yield over $343,000 per annum.