5-9 Elizabeth StreetAllawah NSW 2218
Property Details for 5-9 Elizabeth St, Allawah
5-9 Elizabeth St, Allawah is a 30 bedroom, 15 bathroom BlockOfUnits with 15 parking spaces. The property has a land size of 1505m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 30 bedroom BlockOfUnits sold in Allawah in the last 12 months.
Last Listing description (September 2024)
Expressions of Interest closing midday Wednesday 11th September 2024
Set within Allawah's thriving retail precinct, mere footsteps to Allawah train station, The Elizabeth is an entire apartment block offering. This double brick and fully leased investment opportunity with unrivalled instant and long term upside, is a proposition rarely offered to the market.
The Elizabeth is made up of 15 well-proportioned 2 bedroom units all with lockup garages. The property sits on a substantial 1,505sqm sized parcel of land with a wide 36 meter frontage (approx.).
The Opportunities are Endless! A fully leased investment with unlimited investment uplift, The Elizabeth is the perfect Sydney investment.
• Keep in its present form and increase rents to market value
• Increase the asset value instantly through cosmetic renovations creating additional increased returns
• Simply collect the rental return until you are ready to rebuild as the GFA allows for circa 32 x 2 bed units
• Convert to Strata title and sell off individually (subject to council approval)
• Situated within the rail corridor, the attributes of this site have significant potential for future rezoning
• Site Size: 1505sqm(approx.), 36 meters wide (approx.), Existing R4 zoning with FSR of 2:1
• Entire block sold in one line (not strata titled)
Property History for 5-9 Elizabeth St, Allawah, NSW 2218
- 18 Sep 2024Sold for $8,300,000
- 06 Aug 2024Listed for Sale Expressions of Interest
- 23 Jul 2020Listed for Rent $290 / week
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About Allawah 2218
The size of Allawah is approximately 0.6 square kilometres. It has 6 parks covering nearly 2.1% of total area. The population of Allawah in 2011 was 5,365 people. By 2016 the population was 5,692 showing a population growth of 6.1% in the area during that time. The predominant age group in Allawah is 20-29 years. Households in Allawah are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Allawah work in a professional occupation. In 2011, 58% of the homes in Allawah were owner-occupied compared with 51.4% in 2016.
Allawah has 2,598 properties. Over the last 5 years, Houses in Allawah have seen a 53.43% increase in median value, while Units have seen a 20.16% increase. As at 31 October 2024:
- The median value for Houses in Allawah is $1,791,023 while the median value for Units is $750,549.
- Houses have a median rent of $710 while Units have a median rent of $650.
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