FOR SALE
For Sale By EOI Closing 17th September 2024

17-19 Bell Street
Riverwood NSW 2210

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 958m2
Land area: 958m2
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Occupy / Invest / Develop | A Sweeping Corner Block with a 60-Metres Frontage | 958sqm Land | For Sale by EOI Closing Tuesday, 17th September 2024

Raine & Horne Commercial South Sydney | Inner West are proud to present to the market a development opportunity for the astute purchaser.
The property is positioned within a peaceful and quiet street with a family-friendly atmosphere on the corner of Bell Street and Iris Avenue in a cul-de-sac setting, this R3 zoned, corner block is near local cafes, parks & shops.
This property has architect drawings for 4 homes ready to be submitted to the council under complying development opportunity under the Low-Rise Housing Diversity Code (STCA).
Key Features:
> Potential Housing Development Site (STCA)
> Architect Concept Drawings ready for submission
> Sweeping 60-metre frontage from Iris Avenue to Bell Street
> Total site area of 958.6sqm approx.
> Land dimensions: 36.5 metres x 26.2 metres
> Zoned R3 Medium Density Residential
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Property Details for 17-19 Bell St, Riverwood

Building Type
Commercial
Floor Size
958m2
Land Size
958m2

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About Riverwood 2210

The size of Riverwood is approximately 3.8 square kilometres. It has 22 parks covering nearly 23.8% of total area. The population of Riverwood in 2011 was 10,225 people. By 2016 the population was 12,093 showing a population growth of 18.3% in the area during that time. The predominant age group in Riverwood is 20-29 years. Households in Riverwood are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Riverwood work in a professional occupation. In 2011, 48% of the homes in Riverwood were owner-occupied compared with 43.5% in 2016.

Riverwood has 5,605 properties. Over the last 5 years, Houses in Riverwood have seen a 65.70% increase in median value, while Units have seen a 14.49% increase. As at 31 August 2024:

  • The median value for Houses in Riverwood is $1,375,254 while the median value for Units is $650,648.
  • Houses have a median rent of $700 while Units have a median rent of $630.
There are currently 35 properties listed for sale, and 19 properties listed for rent in Riverwood on OnTheHouse. According to CoreLogic's data, 202 properties were sold in the past 12 months in Riverwood.

Suburb Insights for Riverwood 2210

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Sammy D'Arrigo
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Raine & Horne Commercial Inner West/South Sydney
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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.