11 Ballarat PlaceCartwright NSW 2168
Property Details for 11 Ballarat Pl, Cartwright
11 Ballarat Pl, Cartwright is a 4 bedroom, 2 bathroom House with 5 parking spaces and was built in 1955. The property has a land size of 708m2 and floor size of 220m2. While the property is not currently for sale or for rent, it was last sold in July 2020.
Last Listing description (August 2020)
ZONED R4 DA APPROVED GRANNY FLAT
OWNER IS SELLING THE PROPERTY AT A $50,000 LOSS
POTENTIAL TO OBTAIN 6% PA RENTAL RETURN
Presenting the ultimate investment opportunity featuring a 715m2 level block on R4 high density zoned land with a DA approval for a detached brick granny flat, ready to be built with an existing three bedroom brick house.
LAND BANK DEVELOP GET A DUAL INCOME
Ticking all the boxes for an ideal investment the site is perfect for land banking or development with the potential to construct up to 15 metres in height with the current R4 Zoning (stca).
Investors seeking a high yielding investment can generate a potential rental income of $43,000 pa once the granny flat is constructed with is a return of approx. 6% pa!!
Ideally positioned only moment to the booming Liverpool CBD this the next hotspot for future capital growth and development.
The Site Feature The Following:
House: Three Bedroom Brick House
DA Approval: Granny Flat
Potential Rental Income: $43,000 approx. 6% pa (once granny flat is constructed)
Total Land Size: 715m2
Zoning: R4 High Density
FSR: 1:1
Building Height: 15 metres
Opens: By Appointment
Dean BOS 04 7474 7474
Property History for 11 Ballarat Pl, Cartwright, NSW 2168
- 03 Jul 2020Sold for $680,000
- 15 Jun 2020Listed for Sale UNDER OFFER I DEAN BOS
- 30 Mar 2020Listed for Rent $400 / week
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About Cartwright 2168
The size of Cartwright is approximately 1 square kilometres. It has 15 parks covering nearly 35.5% of total area. The population of Cartwright in 2011 was 2,256 people. By 2016 the population was 2,371 showing a population growth of 5.1% in the area during that time. The predominant age group in Cartwright is 0-9 years. Households in Cartwright are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Cartwright work in a labourer occupation. In 2011, 43.9% of the homes in Cartwright were owner-occupied compared with 39.8% in 2016.
Cartwright has 995 properties. Over the last 5 years, Houses in Cartwright have seen a 54.32% increase in median value, while Units have seen a 30.55% increase. As at 31 October 2024:
- The median value for Houses in Cartwright is $894,743 while the median value for Units is $668,381.
- Houses have a median rent of $550 while Units have a median rent of $450.
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