243 Sydney RoadFairlight NSW 2094
Property Details for 243 Sydney Rd, Fairlight
Last Listing description (January 2024)
A rare investment or lifestyle opportunity comprising a commercial retail shop with potential for adding 1 or 2 Studio units above. (See Lapsed DA for 2 Studio Apartments)
Alternatively, knock down and rebuild a quality family home in a fantastic and convenient location (STCA and Rezoning).
Positioned approx. 500m from the heart of Balgowlah's shopping precinct, 500m to Fairlight neighbourhood shops and an easy level 200m walk to a local Coffee Shop.
Approx. 1.3km to Manly shops and beach
Approx. 800m to the Harbourside Walking path from Fairlight to Manly
An easy drive to Warringah Mall with major retailers and over 50 stores
Close to many local Private and Government Primary & High Schools
We currently have lapsed plans for a DA approval for 2 x Studio apartments added on top of the shop. Part of the structural work has already been completed for the addition of units above.
Current Zoning - ZONE E1 Local Centre
This property represents an excellent opportunity for a multitude of uses and future potential.
- Add 2 x studio apartments above - increase potential rental income
- Add on a larger single unit above - Live in the unit and receive an income
- Knock down the current premises and replace with a quality family home
** Contract, Lapsed Plans & Drawings available to download from skylinerealestate.com.au using a desktop, laptop or iPad.
Property History for 243 Sydney Rd, Fairlight, NSW 2094
- 06 Dec 2023Sold for $2,150,000
- 21 Aug 2023Listed for Sale For Sale Now
- 16 May 2008Listed for Sale PLUS SAVING
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About Fairlight 2094
The size of Fairlight is approximately 1.2 square kilometres. It has 6 parks covering nearly 24.3% of total area. The population of Fairlight in 2011 was 5,489 people. By 2016 the population was 5,821 showing a population growth of 6.0% in the area during that time. The predominant age group in Fairlight is 30-39 years. Households in Fairlight are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Fairlight work in a professional occupation. In 2011, 62.4% of the homes in Fairlight were owner-occupied compared with 64.2% in 2016.
Fairlight has 3,151 properties. Over the last 5 years, Houses in Fairlight have seen a 48.95% increase in median value, while Units have seen a 34.54% increase. As at 31 October 2024:
- The median value for Houses in Fairlight is $3,601,259 while the median value for Units is $1,796,324.
- Houses have a median rent of $1,500 while Units have a median rent of $900.
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