FOR SALE
AUCTION

1 Tornaros Avenue
Penrith NSW 2750

Bedrooms: -
Bathrooms: -
Car spaces: 5
Floor area: 1m2
Land area: 702m2
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Auction Time
Wed 20 Nov 12:30 pm
Inspection Times
No upcoming inspections scheduled.
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Brand New 12 Room Boarding House

RWC Western Sydney is pleased to present 1 Tornaros Avenue, Penrith, for sale via Auction.
This is an exceptional opportunity to capitalise on this newly constructed boarding house. It features 12 generous, high-quality self-contained rooms, complimented with a shared communal area.
Construction was recently completed in August 2024. The property spans across 2 levels with ground level parking, generating a net annual income of $233,302*.
This investment is perfectly positioned to benefit from the existing shortage in housing, low vacancy rates, and increasing migration. Take advantage of the significant depreciation benefits of this property.
Additional highlights of the property are outlined below:
• 12 High Quality Rooms (5x double or 5x single rooms & 2x accessible rooms)
• Each room is fully equipped with appliances, including a washer-dryer combo, cooktop, range hood, drawer dishwasher, and microwave.
• Significant depreciation benefits
• Land tax exemptions applicable
• Site Area 701.9m2*
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Property Details for 1 Tornaros Ave, Penrith

Building Type
Commercial
Floor Size
1m2
Land Size
702m2

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About Penrith 2750

The size of Penrith is approximately 12.5 square kilometres. It has 35 parks covering nearly 13.5% of total area. The population of Penrith in 2011 was 11,813 people. By 2016 the population was 13,264 showing a population growth of 12.3% in the area during that time. The predominant age group in Penrith is 20-29 years. Households in Penrith are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Penrith work in a professional occupation. In 2011, 45.9% of the homes in Penrith were owner-occupied compared with 40.7% in 2016.

Penrith has 12,540 properties. Over the last 5 years, Houses in Penrith have seen a 57.79% increase in median value, while Units have seen a 29.32% increase. As at 30 September 2024:

  • The median value for Houses in Penrith is $965,319 while the median value for Units is $550,284.
  • Houses have a median rent of $550 while Units have a median rent of $540.
There are currently 120 properties listed for sale, and 78 properties listed for rent in Penrith on OnTheHouse. According to CoreLogic's data, 613 properties were sold in the past 12 months in Penrith.

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Joseph Assaf
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Troy Wang
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RWC Western Sydney
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