SOLD
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Sold on 29 Jul 2024 for $2,080,000

1 Garden Street
Belmore NSW 2192

Bedrooms: 6
Bathrooms: 2
Car spaces: 6
Land area: 860m2
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Property Details for 1 Garden St, Belmore

1 Garden St, Belmore is a 6 bedroom, 2 bathroom House with 6 parking spaces. The property has a land size of 860m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 6 bedroom House sold in Belmore in the last 12 months.

Building Type
House
Land Size
860m2

Last Listing description (July 2024)

Looking for a high-performing investment with a development opportunity? This is an exceptional chance to acquire a duplex development site with all the hard work done!

The site has been approved with Canterbury-Bankstown Council for a two-storey duplex including a garage, swimming pool and pool house. Currently tenanted returning $66,300 per annum, you have the option to hold as a lucrative investment and build later.

Located centrally between Belmore, Roselands and Clemton Park villages, there is ample choice for local schools, restaurants, transport connections and supermarkets and ensuring lifestyle convenience for years to come.

Current Site
– Land size of 860sqm and 15.24m frontage
– Double brick home and granny flat on the site, tenanted separately
– Main home is partially renovated with 4 bedrooms and gas kitchen
– Granny flat is near new and council-approved with 2 bedrooms and separate entry
– Triple car garage, two carports and ample off-street parking
– Massive rear yard with deep land area
– Quiet, wide and family friendly street

Development Opportunity – Approved!
A Development Application has been approved with Canterbury-Bankstown Council for a luxury two storey duplex each with substantial site area at 430m2 and 431m2 respectively. Save yourself the hard work and cost of the planning stage and get ready to execute and bring these dream duplexes to life with your expert building skill or re-submit your own plans.

Current Rental Income
– Existing home = $41,340 p.a ($795/week)
– Granny Flat = $24,960 p.a ($480/week)
– Total rental income = $66,300 p.a

For Sale: By Negotiation
Land Size: 15.24m X 56.64m/56.36m = 860m2 approx
Inspection: As Advertised or By Appt
Details: Michael Sabongi 0448 419 008 & Jenny Nassour 9758 2744

All precaution has been taken to determine the accuracy of the above information however, all interested parties are to rely on their own inquiries and professional advice.

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Property History for 1 Garden St, Belmore, NSW 2192

A timeline of how this property has performed in the market
Last Sold
$2,080,000
29 Jul 2024
Listed for Rent
$390/w
30 Jan 2021
  • 25 Jul 2024
    Sold for $2,080,000
  • 22 Jan 2024
    Listed for Sale SOLD! $2,080,000
  • 25 Mar 2022
    Sold for $1,910,000
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About Belmore 2192

The size of Belmore is approximately 2.8 square kilometres. It has 12 parks covering nearly 4.9% of total area. The population of Belmore in 2011 was 12,574 people. By 2016 the population was 12,746 showing a population growth of 1.4% in the area during that time. The predominant age group in Belmore is 30-39 years. Households in Belmore are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Belmore work in a professional occupation. In 2011, 56.6% of the homes in Belmore were owner-occupied compared with 52.9% in 2016.

Belmore has 6,523 properties. Over the last 5 years, Houses in Belmore have seen a 57.46% increase in median value, while Units have seen a 22.28% increase. As at 30 November 2024:

  • The median value for Houses in Belmore is $1,597,517 while the median value for Units is $633,415.
  • Houses have a median rent of $770 while Units have a median rent of $550.
There are currently 17 properties listed for sale, and 28 properties listed for rent in Belmore on OnTheHouse. According to CoreLogic's data, 261 properties were sold in the past 12 months in Belmore.

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Michael Sabongi
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