OFF MARKET

44 Drummond Street
Belmore NSW 2192

Bedrooms: -
Bathrooms: -
Car spaces: 8
Floor area: 71m2
Land area: 1066m2
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Property Details for 44 Drummond St, Belmore

44 Drummond St, Belmore is a 0 bedroom, 0 bathroom House with 8 parking spaces and was built in 1970. The property has a land size of 1066m2 and floor size of 71m2. While the property is not currently for sale or for rent, it was last sold in September 2021.

Building Type
House
Year Built
1970
Floor Size
71m2
Land Size
1066m2
Local Government
Canterbury-Bankstown
Lot/Plan
90/DP3862

Last Listing description (March 2022)

"Fully updated Boutique block of 8 x 2 B/R apartments on huge parcel of land - 1,058 sqm approximately"

All the hard work's been done with this well maintained and improved property. Highly suitable for the shrewd investor with potential to develop further subject to council approval.

- Comprises 8 x 2 B/R apartments & at least 8 x 1 car space for each

- Kitchens and bathrooms updated in all eight apartments
- Generous open plan layouts with separate lounge and dining areas
- Polished original timber floorboards throughout the four ground floor apartments
- All with their own laundry facilities and 5 x balconies
- Fully rendered and painted building with security intercom
- Huge rear parking area with great future potential to add gardens/courtyards to ground floor apartments
- Long standing tenancies and low vacancy factor due to modern improvements and convenient location
- Opportunity to convert to Strata title and re-sell individually (subject to council approval)
- Land dimensions approximately 21.03m x 50.29m
- Zoned R3 - Medium density residential
- Fantastic location near Burwood road shopping strip as well as parks, schools & all forms of public transport
- 700 metre (8 mins) walk to Belmore train station
- 250 metre (3 mins) walk to Belmore South Public School
- 950 metre (10 mins) walk to Canterbury Hospital

Gross Annual Return currently - $154,699.80 approximately

Annual Outgoings
Water rates - $8,071.84 approximately
Council rates - $7,056.00 approximately
Electricity - $342.27 approximately

Land taxable value 2021 - $1,550,000

Aris Dendrinos 0412 465 567
arisd@randw.com.au
www.facebook.com/randwmarrickville

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Property History for 44 Drummond St, Belmore, NSW 2192

A timeline of how this property has performed in the market
Last Sold
$3,800,000
28 Sep 2021
Listed for Rent
$360/w
08 Dec 2015
  • 28 Sep 2021
    Sold for $3,800,000
  • 01 Sep 2021
    Listed for Sale Sold Prior $3,800,000
  • 14 Jul 2020
    Listed for Rent $370 / week
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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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