OFF MARKET

3 Eastbourne Road
Homebush West NSW 2140

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 101m2
Land area: 843m2
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Property Details for 3 Eastbourne Rd, Homebush West

3 Eastbourne Rd, Homebush West is a 0 bedroom, 0 bathroom House and was built in 1970. The property has a land size of 843m2 and floor size of 101m2. While the property is not currently for sale or for rent, it was last sold in November 2022.

Building Type
House
Year Built
1970
Floor Size
101m2
Land Size
843m2
Local Government
Strathfield
Lot/Plan
42/DP774580

Last Listing description (November 2022)

CBRE as the exclusive sales agent is pleased to present 3 Eastbourne Road, Homebush West. The property is a secure freehold apartment block investment comprising a total of 5
apartments plus parking for 5 cars with storage. 3 Eastbourne Road offers a desirable mix of 2 x 3 bedroom, 2 x 2 bedroom and 1 x 1 bedroom apartments, totalling 401sqm* of NSA
across three storeys. With a gross passing income of $106,600 per annum*, 3 Eastbourne Road represents a secure investment opportunity.


3 Eastbourne Road commands a substantial 843sqm* land holding and boasts favourable planning controls, allowing for significant value-add opportunities and potential development
upside (STCA). The property provides prospective purchasers with the ability to strata-down the apartments and sell them individually, or hold as a secure investment.

Located in the heart of Homebush West, 3 Eastbourne Road offers amenities at its doorstep, within close proximity to Homebush West Public School, Sri Karphaga Vinayakar Temple, Flemington Train Station, Sydney Markets, DFO Homebush and Sydney Olympic Park.

3 Eastbourne Road, Homebush West benefits from the following key attributes:
- Total of 2 x 3 bedroom, 2 x 2 bedroom & 1 x 1 bedroom apartments, with parking for 5 cars
- Secure Investment Opportunity with gross passing income of $106,600 p.a*
- Generous land offering of 843sqm* with NSA of 401sqm*
- Pre-eminent location within walking distance to Homebush West Public School, Sri Karphaga Vinayakar Temple, Flemington Train Station and Sydney Markets
- Desirable R3 Medium Density Residential zoning
- Ability to refurbish, revert rents and hold, strata and sell down or redevelop and convert (STCA)

3 Eastbourne Road, Homebush West is to be sold via an On-Site Auction on Thursday, 3 March 2022 at 2pm.

For more information or to request access to the due diligence room, please contact the exclusive selling agents.

*Approximate

Note: All financial figures have been provided by the Vendor. Purchasers are advised to conduct their own independent due diligence.

Property History for 3 Eastbourne Rd, Homebush West, NSW 2140

A timeline of how this property has performed in the market
Last Sold
$3,000,000
02 Nov 2022
  • 02 Nov 2022
    Sold for $3,000,000
  • 14 Sep 2022
    Listed for Sale Sold - Elie Semrani
  • 20 Apr 2022
    Listed for Sale Brand New 2-Bedroom Apartment
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About Homebush West 2140

The size of Homebush West is approximately 1.6 square kilometres. It has 4 parks covering nearly 0.6% of total area. The population of Homebush West in 2011 was 5,781 people. By 2016 the population was 8,604 showing a population growth of 48.8% in the area during that time. The predominant age group in Homebush West is 20-29 years. Households in Homebush West are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Homebush West work in a professional occupation. In 2011, 47.4% of the homes in Homebush West were owner-occupied compared with 38.1% in 2016.

Homebush West has 3,544 properties. Over the last 5 years, Houses in Homebush West have seen a 27.27% increase in median value, while Units have seen a 10.87% increase. As at 31 October 2024:

  • The median value for Houses in Homebush West is $1,825,948 while the median value for Units is $652,814.
  • Houses have a median rent of $660 while Units have a median rent of $650.
There are currently 47 properties listed for sale, and 72 properties listed for rent in Homebush west on OnTheHouse. According to CoreLogic's data, 164 properties were sold in the past 12 months in Homebush west.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.