FOR SALE
FOR SALE $2,175,000

31 Cavendish Street
Enmore NSW 2042

Bedrooms: 7
Bathrooms: 2
Car spaces: -
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Freehold Boarding House In Terrific Location

Unique to the market, this entire freehold boarding house presents an extraordinary opportunity in the heart of Enmore's cosmopolitan cafes, restaurants and theatre. Proven and consistent income for the SMSF buyer or investor with capital growth potential. The fully leased seven bedrooms are presented in good condition and include sinks, fire blankets, cooktops and portable fire extinguishers. The seven rooms are separately metered and pay electricity. Retain as a sound investment, renovate the existing rooms or explore the potential to further develop and create a luxury boutique development (STCA). The character-filled block is set on approximately 228sqm(*source RP Data) near the corner of Liberty Street and Enmore Road food hub at the end of the street.
• Gateway location a short walk to Newtown Railway Station approx. 900m
• 7 rooms
• Classic high ceilings, fireplaces
• 2 common renovated bathrooms, external laundry plus 3rd external toilet
• Generous rear sunny garden courtyard
• Fire doors plus fire extinguishers
• Well-presented interiors with scope to renovate/add value
Potential to convert back to a residential residence (Subject to Council Approval)
Rare opportunity not to be missed.
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Property Details for 31 Cavendish St, Enmore

31 Cavendish St, Enmore is a 7 bedroom, 2 bathroom Other. The place is currently for sale with Richardson & Wrench Newtown.

Building Type
Other

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About Enmore 2042

The size of Enmore is approximately 0.4 square kilometres. It has 4 parks covering nearly 0.8% of total area. The population of Enmore in 2011 was 3,571 people. By 2016 the population was 3,876 showing a population growth of 8.5% in the area during that time. The predominant age group in Enmore is 20-29 years. Households in Enmore are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Enmore work in a professional occupation. In 2011, 50.1% of the homes in Enmore were owner-occupied compared with 46.2% in 2016.

Enmore has 2,040 properties. Over the last 5 years, Houses in Enmore have seen a 35.66% increase in median value, while Units have seen a 18.78% increase. As at 31 October 2024:

  • The median value for Houses in Enmore is $1,923,266 while the median value for Units is $918,188.
  • Houses have a median rent of $950 while Units have a median rent of $560.
There are currently 9 properties listed for sale, and 7 properties listed for rent in Enmore on OnTheHouse. According to CoreLogic's data, 69 properties were sold in the past 12 months in Enmore.

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Michael Xanthoudakis
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Richardson & Wrench Newtown
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