162 Queen StreetConcord West NSW 2138
Property Details for 162 Queen St, Concord West
Last Listing description (October 2024)
Strathfield Partners are pleased to offer 162 Queen Street, Concord West to the market for sale via Auction. This offering represents an exciting opportunity for developers or investors to acquire a premium parcel of land with sixteen (16) self-contained studios, all fully leased in the heart of Concord West.
The property consists of:
* 16 Self-contained studios
* All rooms have a polyurethane kitchenette with gas cooktop
* All rooms have mirrored built-in wardrobes
* Communal laundry
* Gas, water and internet are included in the rent (Head lease)
* 4 basement parking
* Site area 844 m Approx.
* FSR 0.5:1
* Height of Building: 8.5 m
* Zoned R2: Low Density Residential
* Currently returning $244,985.00 per annum (Net Profit)
This property presents an excellent investment opportunity, boasting long-term tenancy and a high occupancy rate. Strategically positioned for convenience, it's just a short walk from shops, cafes, schools, and transport, offering low-maintenance living with accessibility at your doorstep.
The location is prime, being only an 8-minute drive to Rhodes Shopping Centre and 11 minutes to Burwood Westfield. Commuters will appreciate the easy CBD access via the M4, just 16 minutes away by car, and the train station is a mere 10-minute walk. This property is ideal for investors seeking a stable and appealing option with its strategic location and robust demand.
Property History for 162 Queen St, Concord West, NSW 2138
- 12 Oct 2024Sold for $4,800,000
- 17 Sep 2024Listed for Sale SOLD $4,230,000
- 29 Dec 2022Listed for Rent $350 / week
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0About Concord West 2138
The size of Concord West is approximately 2.7 square kilometres. It has 11 parks covering nearly 5.6% of total area. The population of Concord West in 2011 was 5,848 people. By 2016 the population was 5,906 showing a population growth of 1.0% in the area during that time. The predominant age group in Concord West is 40-49 years. Households in Concord West are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Concord West work in a professional occupation. In 2011, 76.7% of the homes in Concord West were owner-occupied compared with 75.5% in 2016.
Concord West has 2,493 properties. Over the last 5 years, Houses in Concord West have seen a 40.23% increase in median value, while Units have seen a 31.59% increase. As at 31 October 2024:
- The median value for Houses in Concord West is $2,593,843 while the median value for Units is $913,472.
- Houses have a median rent of $995 while Units have a median rent of $620.
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