501/653 George Street, Sydney NSW 2000
1 beds
2 baths
0 cars
Spachus Insights
View Sydney market
Price position
Below suburb median
31.1% below the current suburb median listing price.
Buyer negotiation signal
Buyer negotiation
The suburb median sold price is $50,000 below the median listing price.
Selling pace
Slower than typical
50 days typical · Property listed 488 days (876% longer).
Property details
Net Return Of 5.7 - Phenomenal Renovated City Investment
On offer is a high net returning renovated apartment located in the Mantra Sydney Central building which is run by the world-renowned Accor group. An amazing opportunity to capitalise on massive net returns by leasing through a specialized short term leasing agency. Enjoy a hassle free high preforming income generating mid-city asset conveniently located only 100m walk from the Capitol Theatre and footsteps away from the China Town light rail.
1Bedrooms
2Bathrooms
0Car spaces
ApartmentProperty type
Sydney market
Full suburb reportMedian listing$950,000
Median sold$900,000
Typical selling time50 days
Tracked sold properties72
Spachus Property Estimate
$730,000
Automated estimate based on available property and market data.
Not a formal valuation.
Asking vs estimate
-$75,000
10.3% below the Spachus estimate
Property Overview
501/653 George Street, Sydney NSW 2000 is an apartment. It has 1 bedroom, 2 bathrooms. It is currently listed at $655,000. It has been on the market for 488 days. In Sydney, the median listing price is $950,000 and the median sold price is $900,000. Its current asking price is $295,000 (31.1%) below the Sydney median listing price. Properties in Sydney typically sell in around 50 days based on Spachus tracked sales data. It has currently been on the market 438 days longer than the Sydney typical selling time.
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