FOR SALE
AUCTION

57 Deakin Street
Silverwater NSW 2128

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1m2
Land area: 666m2
Auction Time
Thu 5 Dec 11:00 am
Inspection Times
No upcoming inspections scheduled.
Contact agent to arrange an inspection.
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FORCED SALE - DA & CC Approved 18-Room Boarding House

RWC Western Sydney is pleased to present 57 Deakin Street, Silverwater for sale via onsite Auction.
Ready for the experienced builder or developer to capitalise on this exceptional opportunity with all the hard work completed. Boasting a DA & CC (stage one) approval for an 18-room boarding house plus communal area.
Perfect opportunity to capitalise on this booming asset class benefiting from the current housing shortage, migration boom and low vacancy rates.
Additional highlights of the property are outlined below:
• DA & CC (stage one) approved 18-room boarding house development site
• Configuration 18-Rooms: 8 x single rooms, 9 x double rooms & 1 manager room
• Substantial onsite works commenced
• All rooms self-contained & oversized for maximum comfort
• Potential rental of $411,840* per annum (equating to $430 - $450 per room) upon completion
• 1km* to Auburn Redyard Shopping Mall
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Property Details for 57 Deakin St, Silverwater

Building Type
Commercial
Floor Size
1m2
Land Size
666m2

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About Silverwater 2128

The size of Silverwater is approximately 2.7 square kilometres. It has 8 parks covering nearly 3.1% of total area. The population of Silverwater in 2011 was 3,161 people. By 2016 the population was 4,166 showing a population growth of 31.8% in the area during that time. The predominant age group in Silverwater is 30-39 years. Households in Silverwater are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Silverwater work in a professional occupation. In 2011, 53% of the homes in Silverwater were owner-occupied compared with 50% in 2016.

Silverwater has 1,720 properties. Over the last 5 years, Houses in Silverwater have seen a 75.59% increase in median value, while Units have seen a 10.52% increase. As at 31 October 2024:

  • The median value for Houses in Silverwater is $1,985,974 while the median value for Units is $708,442.
  • Houses have a median rent of $700 while Units have a median rent of $600.
There are currently 11 properties listed for sale, and 9 properties listed for rent in Silverwater on OnTheHouse. According to CoreLogic's data, 79 properties were sold in the past 12 months in Silverwater.

Suburb Insights for Silverwater 2128

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Joseph Assaf
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Andrew Sacco
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RWC Western 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.