OFF MARKET

50 Formosa Street
Drummoyne NSW 2047

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 52m2
Land area: 1554m2
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Property Details for 50 Formosa St, Drummoyne

50 Formosa St, Drummoyne is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2003. The property has a land size of 1554m2 and floor size of 52m2. While the property is not currently for sale or for rent, it was last sold in November 2020.

Building Type
Unit
Year Built
2003
Floor Size
52m2
Land Size
1554m2
Local Government
Canada Bay
Lot/Plan
4/SP70731

Last Listing description (November 2020)

Invest in lifestyle and location with this stylish contemporary security terrace at the centre of Drummoyne village with shops, City express bus, cafes and waterfront parkland at the doorstep. Part of a boutique complex, each town-home with its own entry, this home is surprisingly quiet and private while offering exceptional convenience for commuting, shopping and leisure enjoyment. Just a few minutes stroll to Birkenhead Point outlet centre, its footsteps to the Bay Run, pool, sailing club and marina and just 6km to the City. Ideal as a low maintenance home or attractive investment with loads of tenant appeal.

+ Generous open plan living and dining with polished timber floors

+ Stone gas kitchen with stainless steel apps, dishwasher & breakfast bar

+ Two upper level double bedrooms with patio doors to sun terrace

+ Master with walk-through robe to newly renovated ensuite with bath, 2nd bed with BIR

+ Ducted air-conditioning throughout, shadow cornices, LED lighting throughout

+ Chic newly renovated fully-tiled bathrooms, main with laundry, guest WC, built-in storage

+ Front security gate with videophone entry, LUG with auto door access

+ Harris Farm Market, cafes, eateries at door, metres to Birkenhead Point

+ Footsteps to City, Ryde & Parramatta Express buses, mins to Balmain

+ Great for easycare family living, just 400m to Drummoyne Public School

+ High demand rental, currently rented for $720 per week

Total Area on Title 186SQM approx

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Property History for 50 Formosa St, Drummoyne, NSW 2047

A timeline of how this property has performed in the market
Last Sold
$1,176,000
07 Nov 2020
Listed for Rent
$525/w
22 Oct 2015
  • 07 Nov 2020
    Sold for $1,176,000
  • 09 Oct 2020
    Listed for Sale $1,176,000
  • 15 Oct 2015
    Listed for Rent $525 / 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 7,161 properties. Over the last 5 years, Houses in Drummoyne have seen a 38.97% increase in median value, while Units have seen a 27.48% increase. As at 30 November 2024:

  • The median value for Houses in Drummoyne is $3,096,457 while the median value for Units is $1,297,312.
  • Houses have a median rent of $900 while Units have a median rent of $770.
There are currently 21 properties listed for sale, and 25 properties listed for rent in Drummoyne on OnTheHouse. According to CoreLogic's data, 258 properties were sold in the past 12 months in Drummoyne.

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