314A Pacific HighwayGreenwich NSW 2065
Property Details for 314a Pacific Hwy, Greenwich
314a Pacific Hwy, Greenwich is a 12 bedroom, 10 bathroom House with 4 parking spaces. The property has a land size of 408m2 and floor size of 200m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 12 bedroom House sold in Greenwich in the last 12 months.
Last Listing description (July 2024)
Lowry Property Group is delighted to offer 314a Pacific Highway, Greenwich to market via auction commencing 10:30am on Tuesday 28th May 2024.
The last boarding house to sell in Greenwich was in 2021.
Sydney is in the midst of a housing crisis due to a lack of residential supply, increasing construction costs and greater red tape compliance. Strong local and offshore demand for residential accommodation is underpinning rental growth.
314a Pacific Highway is a low maintenance boarding house perfectly placed for rental growth.
Key Property Features:
Only 1 of 9 registered boarding houses in the Lane Cove Council
100% leased with strong occupancy history.
12 room registered boarding house with potential to increase rents.
Low Maintenace block with a long-term history of high rates of occupancy.
High profile corner position with excellent access.
Strong income from washing/drying machines and car parking.
Located in the heart of one of NSW largest commercial, education and medical precincts, with direct access to public transport, retail, restaurants and cafes.
Gross income of $184,980*
*Approx
Feel free to reach out if you would like more information on the property.
Property History for 314a Pacific Hwy, Greenwich, NSW 2065
- 28 May 2024Sold for $2,750,000
- 01 May 2024Listed for Sale AUCTION
- 18 May 2018Listed for Rent $250 / week
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0About Greenwich 2065
The size of Greenwich is approximately 1.6 square kilometres. It has 17 parks covering nearly 20.3% of total area. The population of Greenwich in 2011 was 5,178 people. By 2016 the population was 5,614 showing a population growth of 8.4% in the area during that time. The predominant age group in Greenwich is 30-39 years. Households in Greenwich are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Greenwich work in a professional occupation. In 2011, 66.8% of the homes in Greenwich were owner-occupied compared with 65.8% in 2016.
Greenwich has 2,771 properties. Over the last 5 years, Houses in Greenwich have seen a 61.14% increase in median value, while Units have seen a -15.66% decrease. As at 31 October 2024:
- The median value for Houses in Greenwich is $4,523,880 while the median value for Units is $797,546.
- Houses have a median rent of $1,250 while Units have a median rent of $700.
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