OFF MARKET

784 Canterbury Road
Belmore NSW 2192

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 122m2
Land area: 3383m2
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Property Details for 784 Canterbury Rd, Belmore

784 Canterbury Rd, Belmore is a 1 bedroom, 1 bathroom Unit. The property has a land size of 3383m2 and floor size of 122m2. While the property is not currently for sale or for rent, it was last sold in March 2023.

Building Type
Unit
Floor Size
122m2
Land Size
3383m2
Local Government
Canterbury-Bankstown
Lot/Plan
116/DP4475

Last Listing description (May 2023)

A secure apartment block investment opportunity with further development upside, 776-784 Canterbury Road, Belmore includes an existing two-storey building of 44 x 1-bedroom apartments with a central courtyard and parking spaces. The site has DA approved for an additional 20 x 1-bedroom apartments on a third level and renovations to the existing facade and internals.

776-784 Canterbury Road benefits from the following key attributes:


- Total combined site area of 3,399 sqm*
- 44 x 1-bedroom apartments with parking spaces
- Dual frontages on Canterbury Road (61m*) and Allegra Avenue (61m*)
- DA approved for 20 x 1-bedroom apartments on a third level and renovations to the existing structure
- Significant opportunity to improve room rentals & property yield by refreshing units & increasing rents to market equivalents in the area
- Gross passing income of $686,660* p.a with significant potential for upside due to improvements and redevelopment
- Strong occupancy track record and a fantastic platform to immediately capture the low vacancy residential market
- Strata registered, not active.


For more information or to request access to the due diligence room, please contact the exclusive selling agents.

Ray White Dulwich Hill
Steve Kremisis - 0414 818 317
Frank Camarda - 0414 854 854

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Property History for 784 Canterbury Rd, Belmore, NSW 2192

A timeline of how this property has performed in the market
Last Sold
30 Mar 2023
Listed for Rent
$450/w
30 Nov 2010
  • 30 Mar 2023
    Sold
  • 22 Dec 2022
    Sold for $11,300,000
  • 16 Nov 2022
    Listed for Sale Auction
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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 18 properties listed for sale, and 25 properties listed for rent in Belmore on OnTheHouse. According to CoreLogic's data, 260 properties were sold in the past 12 months in Belmore.

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