324 Victoria RoadMarrickville NSW 2204
Property Details for 324 Victoria Rd, Marrickville
Last Listing description (August 2024)
Here is your opportunity to secure an investment property positioned in a prime position at the corner of Marrickville and Victoria Road, within the highly popular and evolving Inner West suburb of Marrickville. Buyers will benefit from immediate rental income, with the opportunity for rental uplift, and options to occupy part or the whole property in the future. 324 Victoria Road offers a perfect combination, with two commercial tenancies, and two separate residential units on the first floor.
Key features include:
> Total of 4 tenancies
> Shop 2 currently operating as an Accountants Office
> Two x one-bedroom residences on the first floor with rooftop access via common areas
> Secure leases
> Perfect as an income-producing investment, or for those that would look to occupy in
the future
> Currently returning $110,301.56 per annum excluding GST across all four tenancies
> Access to rooftop terrace
> Poised to benefit from a range of nearby developments and infrastructure upgrades
> Close to a range of popular amenities such as educational establishments, hospitals, shops,
transport options, arterial roadways, café, restaurants, and bars.
*All amounts are approximate
Property History for 324 Victoria Rd, Marrickville, NSW 2204
- 07 Aug 2024Sold for $1,825,000
- 24 May 2023Listed for Sale For Sale
- 24 May 2023Listed for Rent - Price not available
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About Marrickville 2204
The size of Marrickville is approximately 5.8 square kilometres. It has 23 parks covering nearly 10.8% of total area. The population of Marrickville in 2011 was 24,612 people. By 2016 the population was 26,571 showing a population growth of 8.0% in the area during that time. The predominant age group in Marrickville is 30-39 years. Households in Marrickville are primarily childless couples and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Marrickville work in a professional occupation. In 2011, 54.6% of the homes in Marrickville were owner-occupied compared with 51.2% in 2016.
Marrickville has 15,014 properties. Over the last 5 years, Houses in Marrickville have seen a 46.11% increase in median value, while Units have seen a 22.60% increase. As at 31 October 2024:
- The median value for Houses in Marrickville is $2,078,634 while the median value for Units is $895,667.
- Houses have a median rent of $890 while Units have a median rent of $650.
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