4/34 Cecil Ave, Castle Hill is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2016. The property has a land size of 130m2 and floor size of 96m2. While the property is not currently for sale or for rent, it was last sold in December 2023. There are other 2 bedroom Unit sold in Castle Hill in the last 12 months.
Looking for an excellent investment property for another 5 years, this is the one rare you could find. This property is under NRAS (National Rental Affordability Scheme). NRAS is an Australian Government affordable housing initiative, delivered in partnership with state and territory governments. The Scheme seeks to address the shortage of affordable rental housing by offering annual financial incentives for up to ten years, to rent dwellings for eligible NRAS tenants at 80 per cent or less of the market value rent. NRAS issues financial incentives to organisations that provide people on low to moderate incomes with an opportunity to rent homes at a rate that is at least 20 percent below market value rent. NRAS homes are not social housing they are affordable private rental homes. The lease of the property is currently being handled by an authorised agent and it has already been leased out. You could enjoy the financial incentive for this property now.
Set on a quiet street in a boutique complex with a sunny north-easterly aspect, this contemporary spacious two-bedrooms apartment unit with Strata area 130sqm offers stylish interiors and enviable flow between outdoor and indoor living. This unit is the epitome of excellence showcasing substantial open-plan proportions and a spacious entertaining balcony with partial covered alfresco area. Placed in highly convenient locales with short stroll to Castle Tower Shopping Centre, Castle Hills Mall, Castle Hills Metro station, express City buses, local schools, local shops, medical Centre, Castle Hills RSL Club and parks.
The size of Castle Hill is approximately 18.9 square kilometres. It has 68 parks covering nearly 12.1% of total area. The population of Castle Hill in 2011 was 37,916 people. By 2016 the population was 39,624 showing a population growth of 4.5% in the area during that time. The predominant age group in Castle Hill is 40-49 years. Households in Castle Hill are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Castle Hill work in a professional occupation. In 2011, 79% of the homes in Castle Hill were owner-occupied compared with 74.5% in 2016.
Castle Hill has 18,234 properties. Over the last 5 years, Houses in Castle Hill have seen a 57.36% increase in median value, while Units have seen a 14.90% increase. As at 31 October 2024:
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