10/8 Loftus CrescentHomebush NSW 2140
Property Details for 10/8 Loftus Cres, Homebush
Last Listing description (October 2024)
Located opposite Homebush station and short walk to Homebush shopping, schools, cafes and restaurants, this remarkable opportunity awaits an astute investor to acquire 4 x 3 bedroom units in a small boutique block of only 12.
With potential to return over $3,250 per week ($169,000 Per annum), the Art Deco era units feature built-in robes, separate lounge and dining, spacious eat in kitchens, high ceilings, polished timber floors, own laundries and lock up garages.
Perfect for land banking and reap the rewards in the near future. Redevelopment opportunity exists with its B4 Mixed use Zoning and up to 21m building height (up to 7 levels) and 1.65:1 Floor space ratio. Currently a 2 level building.
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Property History for 10/8 Loftus Cres, Homebush, NSW 2140
- 30 Aug 2024Sold
- 14 Mar 2023Listed for Sale Not Disclosed
- 16 Mar 2013Sold for $441,000
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About Homebush 2140
The size of Homebush is approximately 2.1 square kilometres. It has 12 parks covering nearly 15.9% of total area. The population of Homebush in 2011 was 6,195 people. By 2016 the population was 7,018 showing a population growth of 13.3% in the area during that time. The predominant age group in Homebush is 20-29 years. Households in Homebush are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Homebush work in a professional occupation. In 2011, 52.7% of the homes in Homebush were owner-occupied compared with 45.3% in 2016.
Homebush has 6,439 properties. Over the last 5 years, Houses in Homebush have seen a 20.36% increase in median value, while Units have seen a 6.12% increase. As at 30 November 2024:
- The median value for Houses in Homebush is $2,244,713 while the median value for Units is $691,235.
- Houses have a median rent of $750 while Units have a median rent of $695.
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