OFF MARKET

33 Mckern Street
Campsie NSW 2194

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Land area: 645m2
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Property Details for 33 Mckern St, Campsie

33 Mckern St, Campsie is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a land size of 645m2. While the property is not currently for sale or for rent, it was last sold in September 2021.

Building Type
Unit
Land Size
645m2
Local Government
Canterbury-Bankstown
Lot/Plan
83/DP4357

Last Listing description (August 2022)

The Block / 6 Apartments / R4 Zoning / 645sqm / Readymade Investment

Held within the same family for many years, this ideal investment is a once in a life time opportunity to acquire an entire block of 6 x 2 bedroom apartments all with parking in one of Campsie's best investor locations, all within local proximity to Canterbury Hospital, Campsie Railway station, and all the cafes, restaurants and shopping varieties along Beamish Street.

Set in the most desirable of residential locations, these apartments offer a phenomenal investment prospect with a very strong income stream, excellent rental demand and capital growth potential all set upon a level block of land in a quiet residential tree lined street.

Zoned R4 - High Density Residential Development land, this property is ideal for investors, developers or self managed super funds as this property also has the added benefits of further redevelopment, site amalgamation, potential for strata subdivision and the addition of more units (all subject to council approval).

Key factors:
- 6 x 2 bedroom apartments with parking set over 2 levels on a prime residential street.
- R4 zoned land of 645sqm (approx.) - a level plot of clear land (Main Boards Sewer line at rear of property fence line).
- Gross annual income $125,000 approximately (currently under let due to C19 virus).
- 6 x car spaces with potential to add more, with scope to create and add courtyard ground floor gardens.
- Refurbished interiors with neat modern kitchens and bathrooms with separate shower and bath tubs, wooden floating floors upon solid concert substrate tiled throughout, internal laundry, NBN available.
- Highly sought after location with close proximity to Beamish Street, transport, shops, schools, hospital, the cooks river parkland, and easy commute into the CBD.
- Strong, consistent rental history and forward yield within a high quality multi-unit asset.

Richardson&Wrench Marrickville | Dulwich Hill | Hurlstone Park
02 9518 1655
www.facebook.com/randwmarrickville

Property History for 33 Mckern St, Campsie, NSW 2194

A timeline of how this property has performed in the market
Last Sold
$2,800,000
09 Sep 2021
Listed for Rent
29 Dec 2021
  • 03 Dec 2021
    Listed for Rent - Price not available
  • 09 Sep 2021
    Sold for $2,800,000
  • 20 Aug 2021
    Listed for Sale Sold
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About Campsie 2194

The size of Campsie is approximately 3.3 square kilometres. It has 16 parks covering nearly 3.3% of total area. The population of Campsie in 2011 was 21,219 people. By 2016 the population was 24,573 showing a population growth of 15.8% in the area during that time. The predominant age group in Campsie is 20-29 years. Households in Campsie are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Campsie work in a professional occupation. In 2011, 48.9% of the homes in Campsie were owner-occupied compared with 43.3% in 2016.

Campsie has 12,620 properties. Over the last 5 years, Houses in Campsie have seen a 55.88% increase in median value, while Units have seen a 18.51% increase. As at 31 October 2024:

  • The median value for Houses in Campsie is $1,838,499 while the median value for Units is $647,436.
  • Houses have a median rent of $750 while Units have a median rent of $560.
There are currently 58 properties listed for sale, and 89 properties listed for rent in Campsie on OnTheHouse. According to CoreLogic's data, 540 properties were sold in the past 12 months in Campsie.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.