OFF MARKET

154 Lancaster Avenue
Melrose Park NSW 2114

Bedrooms: 4
Bathrooms: 2
Car spaces: 1
Floor area: 160m2
Land area: 1689m2
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Property Details for 154 Lancaster Ave, Melrose Park

154 Lancaster Ave, Melrose Park is a 4 bedroom, 2 bathroom House with 1 parking spaces and was built in 1955. The property has a land size of 1689m2 and floor size of 160m2. While the property is not currently for sale or for rent, it was last sold in December 2021.

Building Type
House
Year Built
1955
Floor Size
160m2
Land Size
1689m2
Local Government
Ryde
Lot/Plan
263/DP15965

Last Listing description (December 2021)

Under contract - New suburb record!

Offering an excellent opportunity for an astute investor or developer, this perfectly positioned property is located within the desirable suburb of Melrose Park. It comprises 1,853 sqms and is development site approved, allowing for potential future recreation.

Just walking distance to the edge of Parramatta River, this property is ideal for developers wanting to build near one of the lakes' most popular enclaves.

Features:
- Recently approved subdivision and creation of 2 new land lots
- Potential for two new homes or two sets of duplexes STCA
- Rare opportunity for a savvy developer to acquire a premium site
- Enjoy some of the best river/city views Sydney has to offer
- Ready to build, the approved DA is listed in the Contract of Sale
- Fantastic option for those looking to create a high yield investment
- Peaceful and private location backs onto natural bushland reserve
- Surrounded by quality residences and nearing Parramatta River
- Located in an idyllic whisper-quiet setting over a 1,853 sqm block
- Handy to West Ryde, Top Ryde, CBD trains, Meadowbank Park
- Located within mere minutes of local quality schools and transport
- Close to array of everyday amenities including shopping precincts
- Near gymnasiums, recreation centres, daycares and scenic parks

Approved lot 1: 801sqm
Approved lot 2: 1052sqm
Total size: 1853sqm

For a copy of the council approved subdivision, please contract Michael or Norman from Belle Property.

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Property History for 154 Lancaster Ave, Melrose Park, NSW 2114

A timeline of how this property has performed in the market
Last Sold
$3,790,000
03 Dec 2021
Listed for Rent
$720/w
23 Feb 2016
  • 03 Dec 2021
    Sold for $3,790,000
  • 29 Oct 2021
    Listed for Sale Under Contract
  • 12 Feb 2016
    Listed for Rent $720 / week
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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 1,402 properties. Over the last 5 years, Houses in Melrose Park have seen a 73.32% increase in median value, while Units have seen a -18.95% decrease. As at 31 October 2024:

  • The median value for Houses in Melrose Park is $2,254,178 while the median value for Units is $784,679.
  • Houses have a median rent of $850 while Units have a median rent of $700.
There are currently 8 properties listed for sale, and 5 properties listed for rent in Melrose park on OnTheHouse. According to CoreLogic's data, 72 properties were sold in the past 12 months in Melrose park.

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