FOR SALE
$799,999

10/120-122 Karne St N
Roselands NSW 2196

Bedrooms: 2
Bathrooms: 3
Car spaces: 1
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Town House to be sold to Investors Only

Ideally located close to Roselands shops is this 2-bedroom townhouse including 3 bathrooms with registered under cover parking and storage.
This townhouse is available and can only be sold to Investors or self-managed Superfunds.
Rentals are at $600/week, rental reviewers are performed annually in accordance with market and rental CPI.
Rental is set in accordance with guidelines from Housing NSW. Tenants are assessing annually to ensure ongoing compliance. Minimum annual income level for tenants is $88,100.
The dwellings are built under The State Environmental Planning Policy (Affordable Rental Housing) 2009 (ARHSEPP) and managed by Axis Housing Ltd, community provider. The ARHSEPP policy's intent is to facilitate the increased supply and diversity of affordable rental housing in NSW.
In a nutshell these properties can only be sold to investors and must be leased for a period of 10 years
Axis housing welcomes investors to participate in the final review of tenant selection.
On the completion of the 10-year period, subject to council approval, there is no longer a requirement to maintain the property for Affordable Housing. Owners are required to liaise with council to demonstrate the the dwelling has been managed by a Community Housing Provider for the 10-year duration for properties to be returned back to rental market.

Property Details for 10/120-122 Karne St N, Roselands

10/120-122 Karne St N, Roselands is a 2 bedroom, 3 bathroom Townhouse with 1 parking spaces. The place is currently for sale with CENTURY 21 Homezone Real Estate.

Building Type
Townhouse

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About Roselands 2196

The size of Roselands is approximately 2.7 square kilometres. It has 11 parks covering nearly 1.6% of total area. The population of Roselands in 2011 was 11,167 people. By 2016 the population was 11,569 showing a population growth of 3.6% in the area during that time. The predominant age group in Roselands is 0-9 years. Households in Roselands are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Roselands work in a professional occupation. In 2011, 68% of the homes in Roselands were owner-occupied compared with 67.4% in 2016.

Roselands has 4,880 properties. Over the last 5 years, Houses in Roselands have seen a 76.73% increase in median value, while Units have seen a 11.31% increase. As at 31 August 2024:

  • The median value for Houses in Roselands is $1,545,570 while the median value for Units is $545,312.
  • Houses have a median rent of $765 while Units have a median rent of $550.
There are currently 14 properties listed for sale, and 21 properties listed for rent in Roselands on OnTheHouse. According to CoreLogic's data, 198 properties were sold in the past 12 months in Roselands.

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John Kalianiotis
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Peter Kalamvokis
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CENTURY 21 Homezone Real Estate
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