OFF MARKET

44/54-56 Formosa Street
Drummoyne NSW 2047

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
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Last updated 14 Oct 2024
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Property Details for 44/54-56 Formosa St, Drummoyne

44/54-56 Formosa St, Drummoyne is a 3 bedroom, 2 bathroom Unit with 2 parking spaces.

Building Type
Unit
Local Government
Canada Bay

Last Listing description (September 2024)

Be one of the first to inspect this near new designer apartment is located within the bespoke 54 Formosa Building in the heart of Drummoyne.

It enjoys a clever floor plan offering spacious open plan living with entertainment balcony deck, stunning bathrooms, opulent finishes with European appliances.

With lifestyle in mind, it has boasts all the amenities you will ever need.

- Three spacious bedrooms both with built-in wardrobes
- Two courtyards
- Tiled Kitchen, living and dining
- Two Luxury bathrooms main with bath and shower
- Gourmet kitchen with Caesarstone bench tops and stainless steel appliances
- Gas cooking and gas bayonet for heating
- Internal laundry, ducted air conditioning throughout
- Direct access to Harris Farm and Salts meat cheese
- Video intercom, private lift access
- Easy access to city transport
- Parking for 2 cars + Storage

Property History for 44/54-56 Formosa St, Drummoyne, NSW 2047

A timeline of how this property has performed in the market
Listed for Rent
$1.03k/w
27 Feb 2023
  • 29 Aug 2024
    Listed for Rent $975 / week
  • 23 Feb 2024
    Listed for Rent $975 / week
  • 23 Feb 2023
    Listed for Rent $1,025 / week

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About Drummoyne 2047

The size of Drummoyne is approximately 2.3 square kilometres. It has 19 parks covering nearly 9.5% of total area. The population of Drummoyne in 2011 was 11,377 people. By 2016 the population was 11,946 showing a population growth of 5.0% in the area during that time. The predominant age group in Drummoyne is 30-39 years. Households in Drummoyne are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Drummoyne work in a professional occupation. In 2011, 61.6% of the homes in Drummoyne were owner-occupied compared with 59.8% in 2016.

Drummoyne has 7,135 properties. Over the last 5 years, Houses in Drummoyne have seen a 51.57% increase in median value, while Units have seen a 28.60% increase. As at 30 September 2024:

  • The median value for Houses in Drummoyne is $3,083,263 while the median value for Units is $1,277,256.
  • Houses have a median rent of $990 while Units have a median rent of $760.
There are currently 42 properties listed for sale, and 29 properties listed for rent in Drummoyne on OnTheHouse. According to CoreLogic's data, 268 properties were sold in the past 12 months in Drummoyne.

Suburb Insights for Drummoyne 2047

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.