32 Busaco RoadMarsfield NSW 2122
Property Details for 32 Busaco Rd, Marsfield
32 Busaco Rd, Marsfield is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1970. The property has a land size of 845m2 and floor size of 182m2. While the property is not currently for sale or for rent, it was last sold in March 2021.
Last Listing description (June 2021)
Peacefully tucked away in a "battle-axe" block behind townhouse developments, this property offers privacy, tranquility and quiet leafy surrounds.
With scope to renovate or re-develop (subject to council approval), this four bedroom, 2 bathroom home is the last of it's kind on Busaco Road.
Conveniently located just a short walk to Macquarie University & Macquarie Shopping Centre. Sought after Cheltham Girls High School and Epping Boys High School catchment location.
Zoned R4 High density, approximately 854sqm, this land is prime for future re-development.
Approx. 15mins walk to Macquarie University this under-capitalised plot of land can be redevelopment such as units, townhouses or a 'New Generation' boarding house/ student accommodation (Subject to council approval).
The current 4 bedroom, 2 bathroom home with Double lock-up garage & In-ground pool whilst in need of love and care, can be easily renovated to a beautiful family home.
Key development Highlights
R4 High Density residential zoning
Floor to space ratio 1:1
Site area (approx.) 854sqm
Max Building height: 9.5 metres
Further potential of bonus FSR of 0.5:1 under Affordable Housing SEPP (Total FSR of 1.5:1 on the site after the bonus is applied yields a GFA 1,281sqm)
For more information, visit the NSW government website via the link below:
https://www.facs.nsw.gov.au/providers/housing/affordable/develop/chapters/floor-space-incentives
Land tax exemption also available for boarding house developments.
Property History for 32 Busaco Rd, Marsfield, NSW 2122
- 02 Mar 2021Sold for $1,672,000
- 09 Dec 2020Listed for Rent $630 / week
- 12 Mar 2019Listed for Rent $260 / week
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0About Marsfield 2122
The size of Marsfield is approximately 3.9 square kilometres. It has 30 parks covering nearly 24.9% of total area. The population of Marsfield in 2011 was 12,347 people. By 2016 the population was 13,282 showing a population growth of 7.6% in the area during that time. The predominant age group in Marsfield is 20-29 years. Households in Marsfield are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Marsfield work in a professional occupation. In 2011, 59.7% of the homes in Marsfield were owner-occupied compared with 55.4% in 2016.
Marsfield has 5,655 properties. Over the last 5 years, Houses in Marsfield have seen a 101.03% increase in median value, while Units have seen a 31.43% increase. As at 31 July 2024:
- The median value for Houses in Marsfield is $2,501,576 while the median value for Units is $922,805.
- Houses have a median rent of $915 while Units have a median rent of $650.
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