13 Grafton CrescentDee Why NSW 2099
Property Details for 13 Grafton Cres, Dee Why
13 Grafton Cres, Dee Why is a 10 bedroom, 10 bathroom Unit with 9 parking spaces and was built in 1973. The property has a land size of 708m2. While the property is not currently for sale or for rent, it was last sold in October 2023.
Last Listing description (November 2023)
The ultimate investment opportunity awaits with this solid two-storey block of 10 x studio apartments in a quiet residential enclave adjoining parks and only a short, level walk from the heart of the Dee Why town centre, Dee Why Beach, Long Reef Golf Course, City transport and the picturesque Long Reef headland walk, and only a short distance from Warringah Mall.
This 1970's brick constructed building has been well maintained, and provides affordable accommodation in this highly desirable setting, with the added benefit of off-street car parking for most units. Nine of the ten apartments have been refurbushed in recent years and the property currently generates an income on a fully leased basis of approximately $215,540 per annum.
The building includes common laundry facilities, and sits on a 708.2sqm block of land, zoned R3 medium density with a 12m height limit which may allow for further development (stca) at some future time.
Below replacement value and a sensational buying opportunity & secure investment.
Auction: Tuesday 17th October 2023 at 10.30am at 'Auctionworks' - 50 Margaret Street Sydney.
Inspect: Tuesdays & Thursdays 10.30 - 11.00am or by prior appointment (A selection of units available for viewing)
Details: David Buttel 0419 263 362
Contact David to request an Information Memorandum and Auction Contract.
Property History for 13 Grafton Cres, Dee Why, NSW 2099
- 17 Oct 2023Sold for $3,770,000
- 14 Sep 2023Listed for Sale Auction: Tuesday 17th October 2023
- 09 May 2023Listed for Rent $420 / week
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0About Dee Why 2099
The size of Dee Why is approximately 3.4 square kilometres. It has 11 parks covering nearly 15% of total area. The population of Dee Why in 2011 was 19,838 people. By 2016 the population was 21,524 showing a population growth of 8.5% in the area during that time. The predominant age group in Dee Why is 30-39 years. Households in Dee Why are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Dee Why work in a professional occupation. In 2011, 54.3% of the homes in Dee Why were owner-occupied compared with 50.3% in 2016.
Dee Why has 12,858 properties. Over the last 5 years, Houses in Dee Why have seen a 60.60% increase in median value, while Units have seen a 30.65% increase. As at 31 October 2024:
- The median value for Houses in Dee Why is $2,711,485 while the median value for Units is $1,015,862.
- Houses have a median rent of $790 while Units have a median rent of $700.
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