527 Anzac ParadeKingsford NSW 2032
Property Details for 527 Anzac Pde, Kingsford
527 Anzac Pde, Kingsford is a 7 bedroom, 7 bathroom House with 2 parking spaces. While the property is not currently for sale or for rent, it was last sold in October 2023. There are other 7 bedroom House sold in Kingsford in the last 12 months.
Last Listing description (October 2023)
A unique freestanding investment opportunity in an ultra-central Eastern Suburbs address, this dual level Boarding House will appeal to investors seeking high returns, where a significant shortage of rental stock is driving up rents and creating demand for boarding house assets, whilst providing a hedge against inflation given the ability to adjust rents in real time.
Located in the health and education precinct of the Eastern Suburbs, the property will attract strong rental demand for boarding rooms from doctors, nurses, teachers, students and patient families.
Walkability is key, with Prince of Wales Hospital and UNSW within 15 minutes, as well as major shopping centres, cafes and parklands. Public transport is within close proximity being a one minute walk to buses and a five minute walk to the light rail, giving great connectivity to Sydney CBD and popular Sydney beaches.
Occupying a substantial 300sqm block with dual street access, this perfectly maintained property currently comprises of 7 self-contained studios (one with wheelchair allowances), each with their own kitchenette and bathroom, generous indoor and outdoor shared facilities, and a detached lock-up garage via Hincks Street.
- Gross Income: $178,000 per annum.
- Site Area: 300 sqm approx.
- Rooms: 7 self-contained rooms with bathrooms (5 single + 2 double rooms).
- Parking: Detached garage for 2 cars, space for 3 motorbikes via Hincks Street.
- Communal Area: Generous living room and courtyard, and laundry facilities.
- Security: CCTV cameras, electro-mechanical key systems by Integrity Security.
- Education: Immediate proximity of UNSW with ease of access to USYD & UTS.
- Medical: Four major hospitals in Randwick Hospital Campus.
- Infrastructure: 1km radius of $2.5 billion worth of infrastructure.
- Transport Links: Light Rail, Bus, Arterial road links.
- Lifestyle: Eastern Beaches, Randwick Racecourse, Parklands, Golf Clubs.
- Retail: Maroubra Junction Pacific Square, Anzac Parade Shopping Strip.
- Demand: High population of key workers and students; Surging rental market.
- Supply: Limited affordable housing, New restrictions NGBH developments
- Strategy: High yield, Low vacancy, Ability to hedge against inflation.
Property History for 527 Anzac Pde, Kingsford, NSW 2032
- 05 Jul 2024Listed for Rent $490 / week
- 08 Dec 2023Listed for Rent - Price not available
- 19 Oct 2023Sold for $2,730,000
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0About Kingsford 2032
The size of Kingsford is approximately 2 square kilometres. It has 9 parks covering nearly 0.5% of total area. The population of Kingsford in 2011 was 14,100 people. By 2016 the population was 15,474 showing a population growth of 9.7% in the area during that time. The predominant age group in Kingsford is 20-29 years. Households in Kingsford are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Kingsford work in a professional occupation. In 2011, 49.2% of the homes in Kingsford were owner-occupied compared with 43% in 2016.
Kingsford has 6,804 properties. Over the last 5 years, Houses in Kingsford have seen a 54.68% increase in median value, while Units have seen a 19.79% increase. As at 31 August 2024:
- The median value for Houses in Kingsford is $2,792,113 while the median value for Units is $982,425.
- Houses have a median rent of $1,100 while Units have a median rent of $750.
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