1 Albert StreetBerala NSW 2141
Property Details for 1 Albert St, Berala
1 Albert St, Berala is a 6 bedroom, 6 bathroom Unit with 4 parking spaces and was built in 1930. The property has a land size of 436m2 and floor size of 84m2. While the property is not currently for sale or for rent, it was last sold in February 2011.
Last Listing description (September 2020)
Laing + Simmons Parramatta Group are pleased to offer this block of four units at 5 Albert Street Berala, for sale by way of Public Auction on the 8th of August 2020.
Tightly held with one family for many years, the building is a 1960s 2 storey of double brick construction consisting of 4 apartments all with balconies on a well maintained 455.3m2 block with ample street parking and shared laundry facility.
Set within close proximity to Berala, Lidcombe and Auburn Town Centres, 5 Albert Street Berala offers the astute investor a low risk, affordable investment with a solid income stream underpinned by excellent surrounding amenities. Albert Street represents a rare value proposition within a tightly held western Sydney region, presenting purchasers the opportunity to capture a secure cash investment for years to come.
Key Investment Highlights Include:
- Significant land holding of 455.3m2
- Total of 4 apartments
- Fully leased potential gross income $69,420* per annum gross
- 2x 1 bedroom apartments
- 2x 2 bedroom apartments
- Strong rental history
- Full brick construction
- All with balconies
- 1 km to Berala Station
- 1.5km to Lidcombe Station
- 2km to Auburn Station
- Must be sold
Property History for 1 Albert St, Berala, NSW 2141
- 13 Jul 2020Listed for Sale Auction
- 19 Feb 2011Sold for $480,000
- 25 Jan 2011Listed for Sale Not Disclosed
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0About Berala 2141
The size of Berala is approximately 2.1 square kilometres. It has 10 parks covering nearly 25.8% of total area. The population of Berala in 2011 was 8,798 people. By 2016 the population was 9,046 showing a population growth of 2.8% in the area during that time. The predominant age group in Berala is 20-29 years. Households in Berala are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Berala work in a trades occupation. In 2011, 59.8% of the homes in Berala were owner-occupied compared with 55.9% in 2016.
Berala has 3,146 properties. Over the last 5 years, Houses in Berala have seen a 86.08% increase in median value, while Units have seen a 15.78% increase. As at 31 October 2024:
- The median value for Houses in Berala is $1,450,354 while the median value for Units is $561,084.
- Houses have a median rent of $700 while Units have a median rent of $520.
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