FOR SALE
Expression of Interest

8 Ethel Street
Eastwood NSW 2122

Bedrooms: 12
Bathrooms: 4
Car spaces: 7
Land area: 629m2
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An Unmissable Opportunity for a DA Approved Development Site

A great opportunity comes to acquire this DA Approved Development Site in the very heart of Eastwood. Just minutes from Eastwood's buzzing shops, cafes, dining options and transport, discover an unparalleled investment opportunity in this sought-after location.
• Approximately 629 sqm of land
• DA approved for a 5 storey mixed use development
• 11 residential apartments plus 1 commercial shop
• Current rental income $2,350/W
• Eastwood public school catchment
• Minutes walk to Eastwood station, shopping centre, Eastwood public school, Eastwood library, park and other amenities
*Promise Land Realty believes that this information is correct, but it does not warrant or guarantee the accuracy of the information. Interested parties should rely on their own enquiries.

Property Details for 8 Ethel St, Eastwood

8 Ethel St, Eastwood is a 12 bedroom, 4 bathroom BlockOfUnits with 7 parking spaces. The property has a land size of 629m2. The place is currently for sale with Promise Land Realty.

Building Type
BlockOfUnits
Land Size
629m2

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About Eastwood 2122

The size of Eastwood is approximately 5.2 square kilometres. It has 38 parks covering nearly 8.1% of total area. The population of Eastwood in 2011 was 16,193 people. By 2016 the population was 17,880 showing a population growth of 10.4% in the area during that time. The predominant age group in Eastwood is 20-29 years. Households in Eastwood are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Eastwood work in a professional occupation. In 2011, 66.3% of the homes in Eastwood were owner-occupied compared with 61.9% in 2016.

Eastwood has 8,683 properties. Over the last 5 years, Houses in Eastwood have seen a 75.41% increase in median value, while Units have seen a 24.15% increase. As at 30 September 2024:

  • The median value for Houses in Eastwood is $2,586,047 while the median value for Units is $890,959.
  • Houses have a median rent of $860 while Units have a median rent of $620.
There are currently 66 properties listed for sale, and 31 properties listed for rent in Eastwood on OnTheHouse. According to CoreLogic's data, 370 properties were sold in the past 12 months in Eastwood.

Suburb Insights for Eastwood 2122

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Annie GUO
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Charlie Xu
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Promise Land Realty
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.