AT A GLANCE
6
total lots in this scheme
Managed by Verdun Walsh Real Estate Pty Ltd. Located in Newtown, NSW. 136 other strata plans nearby
Lots
6
Year built
1997
Last report
—
Boundary sourced from NSW Spatial Services (StrataHub).
About this building
502-504 King Street is a 6-lot mixed-use strata scheme in Newtown, registered in 1997 and now about 29 years old. It is managed by Verdun Walsh Real Estate Pty Ltd and is one of 137 strata plans in Newtown (Sydney council area). Every unit at 502-504 King Street (lots 1–6) is part of strata scheme SP55379, so the levies, by-laws and disputes below apply to all of them. We found no NCAT tribunal decisions naming SP55379.
Buyer's snapshot
Everything a buyer should know about 502-504 King Street, on one page
- A red/amber/green verdict on each risk, with the evidence
- Plain-English summaries of every tribunal and court case
- Questions to ask the agent and strata manager
- A PDF you can forward to your conveyancer
Plan Details
- Plan Number
- SP55379
- Registered
- 1997-08-28
- LGA
- SYDNEY
- Postcode
- 2042
Lot Breakdown
- Total Lots
- 6
- Residential
- 4
- Commercial
- 2
Building Age
29
years old
Registered 28 August 1997
Significant capital expenditure expected — plumbing, electrical, facade repairs. Special levies are common for buildings this age
Strata Manager
Licence: 821984
Last AGM: 13 May 2025
Possibly overdueAbout 1 year agoNSW strata schemes must hold an AGM at least once every 12 months.
Annual Reporting
17 May 2025
Status
active
Disputes in Newtown
No published decision names this building. Across Newtown, 2 decisions name a strata plan — spread over 2 buildings.
- NCAT (tribunal)
- 0
- Court
- 2
- Buildings involved
- 2 of 137
NCAT cases are usually internal to a scheme — by-laws, levies, repairs, access to records. Court cases usually involve builders or insurers over defects, because those claims exceed the tribunal's jurisdiction. A per-1,000-lot rate isn't shown: Newtown has 2,898 lots, small enough that a single litigious building would move it several-fold. These are published decisions only — most strata disputes settle or are resolved without a judgment, so this is a floor, not a count. See the Newtown suburb profile.
Comparable Buildings in Newtown
Other strata plans in the same suburb, ordered by similarity in building size.
| Building | Lots |
|---|---|
| 222 Wilson Street SP56711 Managed by Reif Group Pty Ltd | 6 |
| 3-5 Holdsworth Street SP2057 | 6 |
| 1 Iredale Street SP18897 Managed by Glen & Joanne Mobbs Pty Ltd | 6 |
| 7 Pemell Lane SP45436 Managed by PICA Services Pty Ltd | 6 |
| 228 King Street SP107146 | 6 |
| 18 Station Street SP93185 Managed by Strataopt Pty Ltd | 6 |
Comparables are other strata plans in Newtown with similar lot counts.
Other strata buildings on King Street
- 88 King Street
SP44724 · 121 lots
- 90-122 King Street
SP56966 · 104 lots
- 546-562 King Street
SP52555 · 73 lots
- 53-55 King Street
SP61354 · 49 lots
- 493 King Street
SP52275 · 40 lots
- 617-623 King Street
SP83277 · 30 lots
- 503-511 King Street
SP56115 · 29 lots
- 480 King Street
SP70691 · 28 lots
More buildings managed by Verdun Walsh Real Estate Pty Ltd
- 15-19 Egan Street, Newtown
SP21618 · 3 lots
- 7-15 Taranto Road, Marsfield
SP31343 · 70 lots
- 147-151 Talavera Road, Marsfield
SP31809 · 70 lots
- 49-53 Regent Street, Chippendale
SP70871 · 61 lots
- 1-5 Taranto Road, Marsfield
SP21992 · 58 lots
- 87-97 McLachlan Avenue, Darlinghurst
SP47585 · 53 lots
Risk & History
Sales History
Recent Sales
| Date | Unit | Price |
|---|---|---|
| 15 June 2020 | Lot 4 | $765,000 |
| 2 Dec 2019 | Lot 6 | $865,000 |
| 20 Dec 2016 | Lot 1 | $490,000 |
| 12 Aug 2015 | Lot 4 | $672,000 |
| 26 June 2014 | Lot 6 | $600,000 |
| 12 Feb 2004 | Lot 2 | $352,000 |
Source: NSW Valuer General. Prices are as reported in settlement data and may not reflect current market values. Sales marked “Price withheld” are excluded from price calculations.
Development History
Original Construction · 3 storeys · 4 dwellings
Estimated cost: $799K · Assessed by Inner West Council
Development Application
DeterminedNearbyShop top housing
PAN-122502
Development Application
DeterminedNearbyAlterations and additions to residential development
PAN-71857
Development Application
Deferred CommencementNearbyAlterations and additions to commercial development, Mixed use development, Change of use
PAN-56980
Looking for the builder or developer?
Search for the application number (e.g., PAN-122502) on the NSW Planning Portal Application Tracker to view the full DA details, including the applicant, builder, and principal certifier.
Source: NSW Planning Portal Open Data API (2019+). Earlier development applications may not be available. Items marked "Nearby" were matched by location proximity (within 100m) rather than direct plan number reference.
Crime Statistics
These statistics cover the entire Sydney local government area, not this specific property.
Crime rates in Sydney LGA are significantly higher than the NSW state average. (Oct 2024 - Sep 2025)
Source: NSW Bureau of Crime Statistics and Research (BOCSAR). Rates are per 100,000 population. Rank is out of 119 LGAs (1 = highest rate).
Neighbourhood
Suburb Profile
NEWTOWN, NSW 2042
Transport Accessibility
Transport Score: A
Excellent public transport access
Nearest Train
Newtown
440m away · ~6 min walk
Nearest Metro
Waterloo
2.0km away · ~25 min walk
Bus Stops
13 within 500m · 41 within 1km
Source: Transport for NSW GTFS data (CC BY 3.0 AU). Distances are straight-line (not walking). Walking times assume 80m/min. Transport Score is indicative only.
Short-Term Rentals Nearby
12
Listings within 200m
$196
Median / Night
4
Commercial Hosts
10
High Availability
Listing Types
Nearest Listings
Newtown Cozy Stays - Twin Room Shared Bathroom
N/A
NewtownCozyStays - Double Ensuite Bedroom
N/A
Newtown Cozy Stays - Double Room Shared Bathroom
N/A
2BR Apt. in the Heart of Newtown + Parking
$329
/night
Apartment in the heart of Newtown
$185
/night
NSW Short-Term Rental Rules
- •180-day cap for non-hosted short-term rentals in Greater Sydney (60 days in some fire-prone or Byron Shire areas)
- •Strata schemes can ban non-hosted STRA via a Section 137A by-law (requires 75% special resolution)
- •All STR properties must be registered on the NSW STRA Register
Source: Inside Airbnb (CC BY 4.0). Data is from a periodic scrape of Airbnb listings and may not be current. "Commercial hosts" are those with 3+ total listings. "High availability" = listed 180+ days/year.
School Catchment Zones
This property falls within the following NSW government school intake areas.
Primary
Newtown PS
primary
Secondary
Newtown HS of Performing Arts
high coed
Source: NSW Department of Education. Catchment zones are updated nightly and subject to change. Visit School Finder for official information.
STRATA MANAGER
Verdun Walsh Real Estate Pty Ltd
View profile →
- Licence
- 821984
- Last AGM
- May 2025
- Status
- active
BUILDING BASICS
- Lots
- 6
- Residential
- 4
- Commercial
- 2
- Year built
- 1997
- LGA
- SYDNEY