22 East ParadeEastwood NSW 2122
Property Details for 22 East Pde, Eastwood
Last Listing description (October 2016)
Ray White Commercial NSW is pleased to present 22 East Parade, Eastwood as for sale by Public Auction.
The site represents an exciting opportunity to acquire an investment property with strong passing rent and potential for future development (STCA) in the rapidly growing Eastwood area.
Additional highlights outlined below:
Site area 635m2* with 11 on-site parking spaces
Current income $65,000 p.a.*
3 + 3 year lease, commencing 11 July 2015
Zoned R2 Low Density Residential
Potential for redevelopment (STCA)
The site is offered for sale via Public Auction on Tuesday 2 August 2016, 10.30am. Venue Auctionworks, 50 Margaret Street, Sydney.
We have scheduled an on-site open inspection from 12:15pm to 12:45pm, Friday 29th July 2016. If you would like to inspect the property please email or call the agents for registration.
For more information please contact the below agents.
Jeff Moxham
Managing Director
Ray White Commercial NSW
0413 838 339
02 9249 3725
jmoxham@raywhite.com
Samuel Hadgelias
Senior Sales Executive
Ray White Commercial NSW
0403 254 675
02 8016 3824
shadgelias@raywhite.com
*Approx
Property History for 22 East Pde, Eastwood, NSW 2122
- 14 May 2024Sold for $1,250,000
- 04 Mar 2024Sold for $1,250,000
- 22 Dec 2016Sold for $3,068,000
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0About Eastwood 2122
The size of Eastwood is approximately 5.2 square kilometres. It has 38 parks covering nearly 8.1% of total area. The population of Eastwood in 2011 was 16,193 people. By 2016 the population was 17,880 showing a population growth of 10.4% in the area during that time. The predominant age group in Eastwood is 20-29 years. Households in Eastwood are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Eastwood work in a professional occupation. In 2011, 66.3% of the homes in Eastwood were owner-occupied compared with 61.9% in 2016.
Eastwood has 8,694 properties. Over the last 5 years, Houses in Eastwood have seen a 82.52% increase in median value, while Units have seen a 24.87% increase. As at 31 August 2024:
- The median value for Houses in Eastwood is $2,584,470 while the median value for Units is $891,313.
- Houses have a median rent of $900 while Units have a median rent of $610.
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