FOR SALE
ONSITE AUCTION

86-87 The Crescent
Homebush West NSW 2140

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1284m2
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Auction Time
Thu 12 Dec 10:30 am
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Mortgagee in Possession: Remarkable Inner-West Home Building or Development Opportunity

Under instructions from the Agents for the Mortgagee in Possession, Ryan Eagle and Amanda Coneyworth of KPMG, RWC Western Sydney is pleased to present 86 and 87 The Crescent, Homebush West (to be offered separately) for sale via public auction.
Representing two adjoining blocks of vacant and generally flat land in the heart of Sydney's thriving Inner-West within walking distance to Flemington Train Station, Flemington Shops as well as Flemington Markets. This versatile R3 opportunity is ripe for development, presenting astute developers with the opportunity to capitalise on NSW's ongoing housing shortage.
Additional Highlights of the Property:
• 86 The Crescent - 569.1sqm
• 87 The Crescent - 714.5sqm
• Zoned R3 Medium Density Residential
• Floor Space Ratio of 1.2:1 with a 11 metre height limit
• Potential uses include residential homes, boarding houses, centre-based child care facilities, dual occupancies, multi-dwelling housing and seniors housing
• Great potential for your next residential home project, leveraging abundance of surrounding amenities including schools, sporting facilities and transport.
• Previously DA approved (now lapsed) for 20 residential units over 4 storeys
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Property Details for 86-87 The Crescent, Homebush West

Building Type
Commercial
Land Size
1284m2

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About Homebush West 2140

The size of Homebush West is approximately 1.6 square kilometres. It has 4 parks covering nearly 0.6% of total area. The population of Homebush West in 2011 was 5,781 people. By 2016 the population was 8,604 showing a population growth of 48.8% in the area during that time. The predominant age group in Homebush West is 20-29 years. Households in Homebush West are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Homebush West work in a professional occupation. In 2011, 47.4% of the homes in Homebush West were owner-occupied compared with 38.1% in 2016.

Homebush West has 3,544 properties. Over the last 5 years, Houses in Homebush West have seen a 27.27% increase in median value, while Units have seen a 10.87% increase. As at 31 October 2024:

  • The median value for Houses in Homebush West is $1,825,948 while the median value for Units is $652,814.
  • Houses have a median rent of $660 while Units have a median rent of $650.
There are currently 47 properties listed for sale, and 72 properties listed for rent in Homebush west on OnTheHouse. According to CoreLogic's data, 164 properties were sold in the past 12 months in Homebush west.

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Victor Sheu
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RWC Western Sydney
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