16 Windsor RoadMerrylands NSW 2160
Property Details for 16 Windsor Rd, Merrylands
16 Windsor Rd, Merrylands is a 4 bedroom, 16 bathroom House and was built in 2002. The property has a land size of 318m2 and floor size of 132m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 4 bedroom House sold in Merrylands in the last 12 months.
Last Listing description (July 2024)
Entire block of 16 units to be sold in one line in the heart of the rapidly developing Merrylands town centre. Representing an opportunity to acquire 16 strata titled units with current passing income of $457,080 per annum with potential upside. The block contains a mix or one- and two-bedroom apartments and is located within close proximity to Stockland Merrylands and the station.
Investment Highlights:
-Current Passing income of $457,080* per annum
-14 x 2 bedrooms
-2 x 1 bedroom
-Single level basement
-16 designated tenant parking spaces
-On-site visitor parking spaces and car wash bay
-Low vacancy block with minimal turnover
-Large rental upside through rental increases
-Excellent location approx. 600m* from Merrylands train station.
-Large land holding of 1,277 sqm*
In conjunction with Knight Frank
* Approximate
Property History for 16 Windsor Rd, Merrylands, NSW 2160
- 24 Jun 2024Sold for $7,500,000
- 28 May 2024Listed for Sale $7,500,000
- 01 Oct 2014Listed for Rent $550 / week
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About Merrylands 2160
The size of Merrylands is approximately 6.7 square kilometres. It has 44 parks covering nearly 8% of total area. The population of Merrylands in 2011 was 26,658 people. By 2016 the population was 29,647 showing a population growth of 11.2% in the area during that time. The predominant age group in Merrylands is 20-29 years. Households in Merrylands are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Merrylands work in a professional occupation. In 2011, 56.7% of the homes in Merrylands were owner-occupied compared with 51.6% in 2016.
Merrylands has 14,161 properties. Over the last 5 years, Houses in Merrylands have seen a 61.77% increase in median value, while Units have seen a 14.96% increase. As at 31 August 2024:
- The median value for Houses in Merrylands is $1,296,246 while the median value for Units is $521,996.
- Houses have a median rent of $700 while Units have a median rent of $520.
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