39 Douglas Rd, Fernhill is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1950. The property has a land size of 728m2 and floor size of 76m2. While the property is not currently for sale or for rent, it was last sold in December 2019.
This modest home is separated into two flats that are both currently rented to long term tenants. Perfect for the entrepreneurial investor, this property boasts 2 x two bedroom council approved units. The property has a northerly aspect and has been recently modernised with the exterior freshly painted and a new entry patio. Currently tenanted, you can receive a considerable rental return of $635 per week whilst planning renovations or drafting ideas for the dream home.
This property is full of potential! On a substantial 740m2 block, let your design flair and architect's skills create your new home in this great position or build a sound investment with dual occupancy opportunities (STCA). The yard is a blank canvas; renovate the existing property and extend the current dwelling foot print, or knockdown and rebuild (STCA); choice is yours. Zoned as R2 Residential, the street frontage is 15.24m and block depth of 48.16m. This is an amazing opportunity and can suit a number of ambitions.
The size of Fernhill is approximately 0.4 square kilometres. It has 5 parks covering nearly 5% of total area. The population of Fernhill in 2011 was 1,024 people. By 2016 the population was 1,011 showing a population decline of 1.3% in the area during that time. The predominant age group in Fernhill is 50-59 years. Households in Fernhill are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Fernhill work in a professional occupation. In 2011, 46.1% of the homes in Fernhill were owner-occupied compared with 45.3% in 2016.
Fernhill has 512 properties. Over the last 5 years, Houses in Fernhill have seen a 75.13% increase in median value, while Units have seen a 42.02% increase. As at 31 October 2024:
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