FOR SALE
$409,950

304/1562 Canterbury Road
Punchbowl NSW 2196

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 60m2
Land area: 2076m2
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Investment opportunity, 6.7% Rental yield potential!

Investors note that vacancy rates in the local area are 0.56%, the population in the last 5 years has grown +10%, and the local average rental yield is 5.46% so this an opportunity not to be missed! The yield on this opportunity is great for investment at 6.7% approx.
This 5-year-old impeccably kept building features modern interiors with stylish finishes and thoughtful design elements.
It boasts a spacious open-plan living and dining area flooded with natural light from its winter garden.
Great tenant paying $530 a week, until December
Features:
-Enclosed Wintergarden
- Well-appointed kitchen equipped with modern, sleek appliances
- Spacious bedroom
- Floorboards throughout
- Walking distance to buses and trains
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Property Details for 304/1562 Canterbury Rd, Punchbowl

304/1562 Canterbury Rd, Punchbowl is a 1 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a land size of 2076m2 and floor size of 60m2. The place is currently for sale with Ray White Punchbowl.

Building Type
Unit
Floor Size
60m2
Land Size
2076m2

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About Punchbowl 2196

The size of Punchbowl is approximately 4.5 square kilometres. It has 16 parks covering nearly 5.8% of total area. The population of Punchbowl in 2011 was 18,428 people. By 2016 the population was 20,263 showing a population growth of 10.0% in the area during that time. The predominant age group in Punchbowl is 20-29 years. Households in Punchbowl are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Punchbowl work in a trades occupation. In 2011, 63.9% of the homes in Punchbowl were owner-occupied compared with 58.7% in 2016.

Punchbowl has 7,819 properties. Over the last 5 years, Houses in Punchbowl have seen a 66.97% increase in median value, while Units have seen a 18.09% increase. As at 31 October 2024:

  • The median value for Houses in Punchbowl is $1,346,871 while the median value for Units is $540,520.
  • Houses have a median rent of $730 while Units have a median rent of $540.
There are currently 30 properties listed for sale, and 34 properties listed for rent in Punchbowl on OnTheHouse. According to CoreLogic's data, 322 properties were sold in the past 12 months in Punchbowl.

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John Yatman
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Chicky Fonseka
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Ray White Punchbowl
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