1/50 Loftus Street, Turrella
SydNest Score: 3.4/5
Location 5 | Price 2 | Condition 3 | Amenities 3 | Neighbourhood 4
This two-bedroom apartment in Turrella is right opposite the station and offers a street entrance with north-facing balcony, which means good natural light.
Ideal for households with incomes from $150,000 to $210,000
The sales agent has not listed a guide, but made the listing appear above a search of $870,000, so I expect that to be the lower end of the guide.
Last sold 2014 (I believe this was the primary sale, so it has only had one owner) for $545,000 and the valuation model suggests $785,000, with a maximum of $856,000. In my opinion, the agent may need to revise the price guide lower.
Please note: One bank requires a minimum 20% deposit, with a full valuation. If you want help navigating finances surrounding this purchase, contact me through my website.
At $850,000, a 20% deposit (at least $212,500 including stamp duty) could be affordable for those with household income of at least $180,000, probably down to $150,000 if it’s an investment.
If you have a 5% deposit (at least $85,000 including stamp duty), this unit could be attainable with household income of at least $210,000, probably down to $180,000 if it’s an investment.
Of course, these estimates are subject to so many things, which you can read about in my disclaimer.
What I love about Turrella
Close to public transport for easy commuting. It has its own station and is two stops from the Airport and a 20 minute trip into the city
Quiet, residential neighborhood with a community atmosphere.
Nearby parks and green spaces for outdoor activities.
Close to shops, cafes, and essential services.
Here's what the apartment offers
A courtyard, with street access
Two bedrooms both with built-in robes, master with ensuite
Open plan living and dining area with natural sunlight
Kitchen with stainless steel appliances, gas cooktop & Caesarstone benchtops
Internal laundry with dryer
Security intercom system and secure building access
If you like it
Good luck with the inspection, this Saturday at 10am. Visit my website if you would like me to arrange your finance.