35 Carinya StreetBlacktown NSW 2148
Property Details for 35 Carinya St, Blacktown
Last Listing description (July 2024)
Ray White Commercial NSW is pleased to present 35 Carinya St Blacktown for sale via Expressions of Interest.
Ready for the experienced builder, developer or investor to capitalise on this exceptional opportunity with all the hard work completed. Boasting a DA approval for a 46-room boarding house with construction certificate (CC) already in progress and well advanced.
Never has there been a better time to take advantage of this high demand asset class especially with the current housing shortage, rising rents and migration boom.
Located within NSW's largest council planned for sustainable growth, this site is walking distance from Westpoint Shopping Centre, Blacktown Train Station and 2.5km* away from Blacktown Hospital.
Additional highlights of the property are outlined below:
* Site area 1,075m2*
* DA approved for 46 rooms (4 x single room & 42 x double rooms)
* Built to maximise return
* Major advancements and additional preliminary works exceeding $250,000* completed.
* Potential rental return upon completion of over $1,100,000* ($470 per week average room rate)
*All rooms are self-contained with bathroom, laundry and kitchenette
* Situated in a high growth precinct
* 600m* walk to Westpoint Shopping Centre, Blacktown Train Station
*Realistic vendor says SELL!
The property will be offered for Expressions of Interest, Closing, Wednesday 24 July 2024 at 3pm.
For more information, please contact the exclusive selling agents.
* Approximately
Property History for 35 Carinya St, Blacktown, NSW 2148
- 05 Jul 2024Sold for $2,600,000
- 20 Jun 2024Listed for Sale EXPRESSIONS OF INTEREST
- 09 May 2018Sold for $1,300,000
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About Blacktown 2148
The size of Blacktown is approximately 15.9 square kilometres. It has 72 parks covering nearly 6.8% of total area. The population of Blacktown in 2011 was 43,374 people. By 2016 the population was 47,158 showing a population growth of 8.7% in the area during that time. The predominant age group in Blacktown is 30-39 years. Households in Blacktown are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Blacktown work in a professional occupation. In 2011, 61.9% of the homes in Blacktown were owner-occupied compared with 56.1% in 2016.
Blacktown has 21,832 properties. Over the last 5 years, Houses in Blacktown have seen a 55.74% increase in median value, while Units have seen a 16.25% increase. As at 31 October 2024:
- The median value for Houses in Blacktown is $1,047,046 while the median value for Units is $531,002.
- Houses have a median rent of $600 while Units have a median rent of $550.
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