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Sold on 28 Sep 2024 - Price Unavailable

7 Norman Street
Condell Park NSW 2200

Bedrooms: 9
Bathrooms: 4
Car spaces: 2
Land area: 550m2
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Property Details for 7 Norman St, Condell Park

7 Norman St, Condell Park is a 9 bedroom, 4 bathroom House with 2 parking spaces. The property has a land size of 550m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 9 bedroom House sold in Condell Park in the last 12 months.

Building Type
House
Land Size
550m2
Local Government
Canterbury-Bankstown
Lot/Plan
1/DP391279

Last Listing description (September 2024)

Seize a rare chance to secure a lucrative investment in Condell Park, just 1.6km from Bankstown Train Station which is in its transition phase forming part of the new "Sydney Metro Project". This impressive block benefits from a 30m frontage and features three street fronting separate income-generating dwellings:

• Main House: A spacious 6-bedroom residence, currently appraised at $1,000 per week. Enjoy modern comforts with 2 brand new bathrooms, a resurfaced kitchen, brand new flooring across the ground and first floor, high ceilings throughout and a spacious, private yard.
• Two-Bedroom Granny Flat: Newly constructed and generating $600 per week, offering its own driveway and separately metered.

• One-bedroom Studio: Newly constructed and generating $450 per week, also separately metered.

Granny Flat and Studio are independently metered, offering clear and manageable income streams. This property presents a unique investment opportunity in a sought-after location with an excellent rental yield of over 5%, well exceeding the Sydney Metropolitan average of 2.7%.

The numbers speak for themselves, this is one of the only homes in Canterbury Bankstown that can offer three separate dwellings on one lot, all council-approved.

Located within close proximity to great local schools, a Vietnamese shopping precinct, Bankstown University of Western Sydney and places of worship, this opportunity is rare and attractive to larger families and savvy investors.

For further information, Contact Andreas Kartsioulis | 0410 306 882 or Johnny Nguyen | 0499 411 178

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Property History for 7 Norman St, Condell Park, NSW 2200

A timeline of how this property has performed in the market
Last Sold
28 Sep 2024
Listed for Rent
$450/w
27 Nov 2023
  • 04 Oct 2024
    Listed for Rent $900 / week
  • 28 Sep 2024
    Sold for $1,830,000
  • 05 Sep 2024
    Listed for Sale AUCTION | THIS SATURDAY 28 SEPTEMBER | 01:00PM
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About Condell Park 2200

The size of Condell Park is approximately 3.8 square kilometres. It has 13 parks covering nearly 4.2% of total area. The population of Condell Park in 2011 was 10,417 people. By 2016 the population was 11,564 showing a population growth of 11.0% in the area during that time. The predominant age group in Condell Park is 0-9 years. Households in Condell Park are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Condell Park work in a professional occupation. In 2011, 72.4% of the homes in Condell Park were owner-occupied compared with 70% in 2016.

Condell Park has 4,925 properties. Over the last 5 years, Houses in Condell Park have seen a 67.08% increase in median value, while Units have seen a 42.18% increase. As at 30 September 2024:

  • The median value for Houses in Condell Park is $1,391,105 while the median value for Units is $900,594.
  • Houses have a median rent of $850 while Units have a median rent of $750.
There are currently 13 properties listed for sale, and 12 properties listed for rent in Condell park on OnTheHouse. According to CoreLogic's data, 191 properties were sold in the past 12 months in Condell park.

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Andreas Kartsioulis
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Johnny Nguyen
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Ray White Bankstown
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