1 Arthur StreetMerrylands West NSW 2160
Property Details for 1 Arthur St, Merrylands West
Last Listing description (December 2024)
RWC Western Sydney is pleased to present 1 Arthur Street, Merrylands West, for sale via Auction.
Outstanding investment opportunity to acquire a tenanted unit block consisting of six (6) units to be offered in one line. The property is strata approved but not registered.
Ideal value-add creation opportunity for investors or developers alike through renovations to capitalise on the current housing shortage and immigration boom, to increase rents in line with the market.
Additional highlights of the property are outlined below:
• Favourable unit mix of 6 x 2-bedroom units
• Representing a passing income of $126,360* per annum with substantial potential to increase
• Site area 696.85sqm*
• Strata approved, but not registered
• Zoned R4 High Density Residential
• All units with balconies
• 300m* to Merrylands West Shopping Village which includes IGA, Subway, KFC, McDonalds, Medical Centre & Plus Fitness
• 350m* to Merrylands T80-Liverpool to Parramatta bus stop
• Realistic vendor to meet the market
The property will be offered for Auction, onsite Tuessday 17 December 2024 at 2pm.
For more information, please contact the below exclusive selling agents.
* Approximately
Property History for 1 Arthur St, Merrylands West, NSW 2160
- 17 Dec 2024Sold for $2,856,000
- 31 Oct 2024Listed for Sale AUCTION
- 31 Oct 2020Sold for $1,890,000
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About Merrylands West 2160
The size of Merrylands West is approximately 1.7 square kilometres. It has 14 parks covering nearly 15.9% of total area. The population of Merrylands West in 2011 was 6,187 people. By 2016 the population was 6,584 showing a population growth of 6.4% in the area during that time. The predominant age group in Merrylands West is 20-29 years. Households in Merrylands West are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Merrylands West work in a trades occupation. In 2011, 57.7% of the homes in Merrylands West were owner-occupied compared with 53.5% in 2016.
Merrylands West has 2,791 properties. Over the last 5 years, Houses in Merrylands West have seen a 53.37% increase in median value, while Units have seen a 10.07% increase. As at 30 November 2024:
- The median value for Houses in Merrylands West is $1,188,535 while the median value for Units is $483,921.
- Houses have a median rent of $705 while Units have a median rent of $510.
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