OFF MARKET

24 Elizabeth Street
Ashfield NSW 2131

Bedrooms: 4
Bathrooms: 4
Car spaces: 2
Land area: 606m2
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Property Details for 24 Elizabeth St, Ashfield

24 Elizabeth St, Ashfield is a 4 bedroom, 4 bathroom House with 2 parking spaces and was built in 1965. The property has a land size of 606m2. While the property is not currently for sale or for rent, it was last sold in August 2023.

Building Type
House
Year Built
1965
Land Size
606m2
Local Government
Inner West
Lot/Plan
1/DP571915

Last Listing description (August 2023)

Presenting a multi-dwelling investment opportunity with aspirations of increased future reward, this unique property comprises three units under one land title, conveniently located a short walk to Ashfield Station, Ashfield Mall, and a choice of schools, including St Vincent's College.

Currently leased to three tenants collecting a combined rental return of $1250 per week, your additional investment can undoubtedly increase the potential weekly income with favourable financial results. Alternatively, the option to rebuild a contemporary project, capitalising on the site's generous 605sqm (approx) of land, wide 17.46m (approx) frontage and R2 zoning for low-density development, creates excellent appeal for astute investors.

As it stands, this opportunity presents two single-bedroom units and one two-bedroom, two-bathroom unit, each featuring a living/dining area, a kitchen, and individual internal laundry facilities. At the rear, the neatly presented shared garden has a covered alfresco area accessed by Unit 2, and parking available to all.

Within walking distance to vibrant community amenities, such as Ashfield Park, Ashfield Aquatic Centre, and Ashfield Library, lifestyle convenience is superb, with shops, cafes, eateries, and clubs at your fingertips.

- 2 x one-bedroom units, and 1 x 2-bedroom, 2-bathroom unit
- Combined rental return currently $1250/week
- Each featuring a living/dining area and a kitchen
- Internal laundry provision within each unit
- Shared rear garden, with alfresco available to Unit 2
- On-site parking at the rear
- Set on 605sqm (approx) with a 17.45m (approx) frontage
- R2 zoning creates an option to rebuild a modern development
- An astute investment with promising potential for growth
- Walk to transport, shops, eateries and parks
- Land size: 605.8 sqm approx.

Property History for 24 Elizabeth St, Ashfield, NSW 2131

A timeline of how this property has performed in the market
Last Sold
$1,840,000
05 Aug 2023
Listed for Rent
$380/w
05 Dec 2016
  • 05 Aug 2023
    Sold for $1,840,000
  • 06 Jul 2023
    Listed for Sale Not Disclosed
  • 19 Sep 2018
    Listed for Rent - Price not available
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About Ashfield 2131

The size of Ashfield is approximately 3.4 square kilometres. It has 24 parks covering nearly 7.2% of total area. The population of Ashfield in 2011 was 22,190 people. By 2016 the population was 23,848 showing a population growth of 7.5% in the area during that time. The predominant age group in Ashfield is 20-29 years. Households in Ashfield are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ashfield work in a professional occupation. In 2011, 50.5% of the homes in Ashfield were owner-occupied compared with 43.8% in 2016.

Ashfield has 12,960 properties. Over the last 5 years, Houses in Ashfield have seen a 58.56% increase in median value, while Units have seen a 32.11% increase. As at 31 July 2024:

  • The median value for Houses in Ashfield is $2,162,255 while the median value for Units is $844,842.
  • Houses have a median rent of $790 while Units have a median rent of $600.
There are currently 75 properties listed for sale, and 83 properties listed for rent in Ashfield on OnTheHouse. According to CoreLogic's data, 493 properties were sold in the past 12 months in Ashfield.

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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.