FOR SALE
Recession Proof Investment

5-7 Fifth Avenue
Campsie NSW 2194

Bedrooms: 16
Bathrooms: 8
Car spaces: 8
Land area: 1013m2
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DA Approved New Age Boarding House for 59 studios, Existing 8 x 2 bed Strata Blo

Perfectly placed within metres to Campsie's vibrant hub and station/shopping precinct and just 14km from Sydney CBD, this property presents an exceptional opportunity for investors/ developers to acquire a DA Approved new generation boarding house with an existing block of 8 x 2 bedroom strata titled units, fully leased and providing strong holding income. Take advantage of Sydney's rising rental market and unprecedented demand for residential housing plus increased difficulty in obtaining new boarding house DA.
* DA Approved for 59 studios with own bathrooms and kitchens
* Architectural modern design, Land approx 1013sqm ( 20.19m x 50.29m )
* Flexible R4 High Density zoning offers multiple development options
* Existing 8 x 2 bedroom strata block with current income $195,520
* Strong returns/cash flow once complete ( Est GAR $1,380,000 pa )
* Part of former Sydenham to Bankstown Urban Renewal corridor
* 400 metres to Campsie railway station and hub
* 600 metres to Campsie Shopping precinct
* 400 metres to Harcourt Public School
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Property Details for 5-7 Fifth Ave, Campsie

5-7 Fifth Ave, Campsie is a 16 bedroom, 8 bathroom BlockOfUnits with 8 parking spaces. The property has a land size of 1013m2. The place is currently for sale with LJ Hooker Strathfield.

Building Type
BlockOfUnits
Land Size
1013m2

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About Campsie 2194

The size of Campsie is approximately 3.3 square kilometres. It has 16 parks covering nearly 3.3% of total area. The population of Campsie in 2011 was 21,219 people. By 2016 the population was 24,573 showing a population growth of 15.8% in the area during that time. The predominant age group in Campsie is 20-29 years. Households in Campsie are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Campsie work in a professional occupation. In 2011, 48.9% of the homes in Campsie were owner-occupied compared with 43.3% in 2016.

Campsie has 12,578 properties. Over the last 5 years, Houses in Campsie have seen a 55.88% increase in median value, while Units have seen a 18.51% increase. As at 31 October 2024:

  • The median value for Houses in Campsie is $1,838,499 while the median value for Units is $647,436.
  • Houses have a median rent of $750 while Units have a median rent of $560.
There are currently 56 properties listed for sale, and 90 properties listed for rent in Campsie on OnTheHouse. According to CoreLogic's data, 549 properties were sold in the past 12 months in Campsie.

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David Pisano
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LJ Hooker Strathfield
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