SOLD
Sold on 05 Nov 2023 for $3,991,000

150 Lancaster Avenue
Melrose Park NSW 2114

Bedrooms: 4
Bathrooms: 1
Car spaces: 2
Floor area: 135m2
Land area: 799m2
Sold By
Dib Chidiac
DibChidiac
William Rodriquez
DibChidiac
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Property Details for 150 Lancaster Ave, Melrose Park

150 Lancaster Ave, Melrose Park is a 4 bedroom, 1 bathroom House with 2 parking spaces and was built in 1954. The property has a land size of 799m2 and floor size of 135m2. While the property is not currently for sale or for rent, it was last sold in November 2023. There are other 4 bedroom House sold in Melrose Park in the last 12 months.

Building Type
House
Year Built
1954
Floor Size
135m2
Land Size
799m2
Local Government
Ryde
Lot/Plan
1/DP119509

Last Listing description (February 2024)

Set on an enormous 784sqm block on the banks of the Parramatta River, this well-maintained freestanding home is ready to welcome its next family, yet comes with pre-approved architect plans for a stunning brand-new residence. It makes a generous and comfortable property with a spacious interior layout featuring an abundance of natural light and spectacular water views. Ready to move right in now, this is an excellent opportunity to create your waterfront dream in a quiet street with the convenience of Rivercat ferries, Melrose Park boat ramps, local schools, acres of parkland and playing fields, all within a stroll from the front door.

Melrose Park, just a short walk away, is undergoing a revitalization project. This initiative seeks to create jobs, expand housing, and enhance the community with new facilities and public spaces. The urban activation precinct in Wentworth Point is taking shape with a 3.9-hectare park, three pocket parks, residential neighbourhoods, a new school, and a scenic foreshore. This area connects seamlessly to Sydney Olympic Park through pedestrian and cycle paths. Plans also include extending the Homebush Bay promenade to feature a lively maritime plaza with shops and cafes, enriching the waterfront experience.

- A prime waterfront position and easterly views up the length of the river

- Currently a bright and well-appointed residence in comfortable order
- Pre-approved plans for a three-storey home of sleek architectural design
- The new home will feature luxury finishes and a swimming pool
- A covered entertainment deck and a spacious grassed garden
- Ready to live-in or rent out straight away while planning the future
- Potential to explore duplex development and maximise value (STCA)
- Close proximity to Melrose Park boat ramp, schools, parks & cycleways
- Approx. 10 minutes to Parramatta's CBD and 20 minutes to Sydney's CBD
- Rivercat ferries, buses and train transport are all only a short stroll away
- Approx. outgoings per qtr: Council: $520 & Water: $173

Property History for 150 Lancaster Ave, Melrose Park, NSW 2114

A timeline of how this property has performed in the market
Last Sold
$3,991,000
05 Nov 2023
  • 05 Nov 2023
    Sold for $3,991,000
  • 27 Sep 2023
    Listed for Sale Not Disclosed
  • 26 Sep 1998
    Sold for $552,000
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About Melrose Park 2114

The size of Melrose Park is approximately 1 square kilometres. It has 7 parks covering nearly 14.5% of total area. The population of Melrose Park in 2011 was 1,471 people. By 2016 the population was 1,556 showing a population growth of 5.8% in the area during that time. The predominant age group in Melrose Park is 40-49 years. Households in Melrose Park are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Melrose Park work in a professional occupation. In 2011, 81.6% of the homes in Melrose Park were owner-occupied compared with 84.4% in 2016.

Melrose Park has 1,391 properties. Over the last 5 years, Houses in Melrose Park have seen a 80.32% increase in median value, while Units have seen a -16.65% decrease. As at 31 August 2024:

  • The median value for Houses in Melrose Park is $2,229,495 while the median value for Units is $785,313.
  • Houses have a median rent of $850 while Units have a median rent of $700.
There are currently 13 properties listed for sale, and 6 properties listed for rent in Melrose park on OnTheHouse. According to CoreLogic's data, 70 properties were sold in the past 12 months in Melrose park.

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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.