FOR SALE
EXPRESSIONS OF INTEREST

2A Park Avenue
Waitara NSW 2077

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1m2
Land area: 601m2
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DA Approved 25 Room Self-Contained Boarding House

RWC Western Sydney is pleased to present 2a Park Avenue, Waitara for sale via Expressions of Interest.
Remarkable opportunity to secure a DA approved 25 room self-contained boarding house development in Sydney's North Shore.
Strategically located only 200m* from Waitara Train Station & 1km* from Westfield Hornsby.
Ideal for the experienced builder, developer or investor to capitalise on this high demand asset class benefitting from the current housing shortage, rising rents and migration boom.
Additional highlights of the property are outlined below:
• DA Approved for 25 rooms (23 x double rooms & 2 x single rooms)
• Site area 601m2*
• Potential rental return upon completion of over $650,000* per annum ($500 per week average room rate)
• All rooms are self-contained with bathroom, laundry and Kitchenette
• Built to maximise return
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Property Details for 2a Park Ave, Waitara

Building Type
Commercial
Floor Size
1m2
Land Size
601m2

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About Waitara 2077

The size of Waitara is approximately 0.7 square kilometres. It has 6 parks covering nearly 7% of total area. The population of Waitara in 2011 was 5,370 people. By 2016 the population was 5,946 showing a population growth of 10.7% in the area during that time. The predominant age group in Waitara is 30-39 years. Households in Waitara are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Waitara work in a professional occupation. In 2011, 49.8% of the homes in Waitara were owner-occupied compared with 49.3% in 2016.

Waitara has 3,966 properties. Over the last 5 years, Houses in Waitara have seen a 56.44% increase in median value, while Units have seen a 10.61% increase. As at 30 September 2024:

  • The median value for Houses in Waitara is $2,121,850 while the median value for Units is $736,505.
  • Houses have a median rent of $710 while Units have a median rent of $660.
There are currently 36 properties listed for sale, and 22 properties listed for rent in Waitara on OnTheHouse. According to CoreLogic's data, 251 properties were sold in the past 12 months in Waitara.

Suburb Insights for Waitara 2077

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Joseph Assaf
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Troy Wang
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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.