406 Forest RoadBexley NSW 2207
Property Details for 406 Forest Rd, Bexley
Last Listing description (May 2024)
Take advantage of this incredible investment opportunity in the heart of Bexley Shopping Precinct. Situated in a prime location, this mixed-use property boasts tremendous potential for redevelopment (STCA), also provide two stable income sources. Consist of a tastefully renovated double storey terrace home AND a high-traffic shopfront with excellent exposure, this outstanding opportunity should not be overlooked.
#1 Income (double storey terrace home)
Immerse yourself in luxury within this fully renovated two-storey terrace home. Adorned with ornate high ceilings and stunning timber floors throughout, it exudes elegance. The modern and stylish kitchen features a breakfast bench and pantry, with seamless access to a private courtyard, ideal for outdoor entertaining and barbecues. Upstairs, you'll find two generously sized bedrooms, a chic well-appointed bathroom, a study room, a laundry, and a bright and spacious separate living area. Additional highlights include an extra toilet and ample storage throughout.
#2 Income source (commercial shop)
This light-filled and inviting commercial space, currently leased as a nail salon, offers endless possibilities. With its prominent shop front, it is perfectly suited for an office or retail venture. The property enjoys heavy pedestrian and vehicle traffic, making it highly visible to potential customers. The shop area includes an office room, own toilet, and a kitchenette. Conveniently situated near a multi-millions brand new development complex, a large council car park and surrounded by a vibrant array of restaurants, cafes, and retail shops, this space ensures easy access for clientele and direct access from the council car park allowing convenience for potential clients and the residents.
Disclaimer: The information contained in this website has been prepared by Mclaws Property ("the Company") and/or an agent of the Company. The Company has used its best efforts to verify, and ensure the accuracy of, the information contained herein. The Company accepts no responsibility or liability for any errors, inaccuracies, omissions, or mistakes present in this website. Prospective buyers are advised to conduct their own investigations and make the relevant enquiries required to verify the information contained in this website.
Property History for 406 Forest Rd, Bexley, NSW 2207
- 20 May 2024Sold for $1,200,000
- 18 Mar 2024Listed for Sale Contact Agent
- 07 Aug 2023Listed for Sale Contact Agent
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0About Bexley 2207
The size of Bexley is approximately 4.3 square kilometres. It has 18 parks covering nearly 11.8% of total area. The population of Bexley in 2011 was 19,067 people. By 2016 the population was 19,720 showing a population growth of 3.4% in the area during that time. The predominant age group in Bexley is 30-39 years. Households in Bexley are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bexley work in a professional occupation. In 2011, 73.8% of the homes in Bexley were owner-occupied compared with 70.5% in 2016.
Bexley has 8,315 properties. Over the last 5 years, Houses in Bexley have seen a 60.92% increase in median value, while Units have seen a 30.52% increase. As at 31 October 2024:
- The median value for Houses in Bexley is $1,756,462 while the median value for Units is $801,451.
- Houses have a median rent of $800 while Units have a median rent of $620.
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