OFF MARKET

51 Somerset Street
Kingswood NSW 2747

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 85m2
Land area: 632m2
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Property Details for 51 Somerset St, Kingswood

51 Somerset St, Kingswood is a 2 bedroom, 1 bathroom House with 1 parking spaces and was built in 1960. The property has a land size of 632m2 and floor size of 85m2. While the property is not currently for sale or for rent, it was last sold in September 2023.

Building Type
House
Year Built
1960
Floor Size
85m2
Land Size
632m2
Local Government
Penrith
Lot/Plan
4/DP22805

Last Listing description (October 2023)

Located on the doorstep of NSW's fastest growing hospitals and medical precincts. This original 3 bedroom sits as the perfect opportunity for any savvy buyer with aspirations in developing or looking to landbank in such a rapidly growing area.

The substantial 626sqm block benefits from being zoned R3 (medium density) which allows for developments such as Boarding Houses, Duplex, Medical practice, Childcare centres, and a range of other options. The amount of these developments that have been built in this pocket alone is evidence that you're investing in the right location.

The true value of this home is in the location, with this pocket being so tightly held for generations. And you can see why, being only 250m from Nepean Hospital and surrounding private practices, 800m to Kingswood Station and only 1km from Western Sydney University. This location will forever benefit from the future growth of Western Sydney and the surrounding infrastructure for years to come.

Disclaimer: We have been furnished with the above information however, PRD Penrith gives no guarantees, undertakings or warnings concerning the accuracy, completeness or up-to-date nature of the information provided. All interested parties are responsible for their own independent enquiries in order to determine whether or not this information is in fact accurate.

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Property History for 51 Somerset St, Kingswood, NSW 2747

A timeline of how this property has performed in the market
Last Sold
$810,000
04 Sep 2023
  • 04 Sep 2023
    Sold for $810,000
  • 10 Jul 2023
    Listed for Sale $789,000 - $829,000

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About Kingswood 2747

The size of Kingswood is approximately 5.3 square kilometres. It has 22 parks covering nearly 10.3% of total area. The population of Kingswood in 2011 was 9,107 people. By 2016 the population was 9,288 showing a population growth of 2.0% in the area during that time. The predominant age group in Kingswood is 20-29 years. Households in Kingswood are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kingswood work in a professional occupation. In 2011, 51.4% of the homes in Kingswood were owner-occupied compared with 44.9% in 2016.

Kingswood has 5,459 properties. Over the last 5 years, Houses in Kingswood have seen a 58.51% increase in median value, while Units have seen a 34.83% increase. As at 30 November 2024:

  • The median value for Houses in Kingswood is $976,035 while the median value for Units is $573,685.
  • Houses have a median rent of $550 while Units have a median rent of $470.
There are currently 38 properties listed for sale, and 29 properties listed for rent in Kingswood on OnTheHouse. According to CoreLogic's data, 268 properties were sold in the past 12 months in Kingswood.

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© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.

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