5/486-488 Merrylands RoadMerrylands West NSW 2160
Property Details for 5/486-488 Merrylands Rd, Merrylands West
5/486-488 Merrylands Rd, Merrylands West is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2000. The property has a land size of 1396m2 and floor size of 82m2. While the property is not currently for sale or for rent, it was last sold in September 2017.
Last Listing description (December 2017)
HOLDING DEPOSIT RECEIVED
This impeccably-renovated two bedroom full brick apartment is not only one of the largest in the area but also perfectly located to take advantage of the best Merrylands has to offer. Situated on a second floor of a secure block, it is minutes walk to shops and transport, and is right on the fringe of the ever-growing cosmopolitan Parramatta CBD with multiple child-care centers and schools nearby.
Enjoying a north easterly aspect, the unit receives plenty of natural light throughout the day with the help of 2 balconies and multiple strategically-placed large windows. Having just gone under a complete renovation, the apartment boasts:
- A large open-plan living area with floating timber flooring and a brand new air-con unit opening to a generous entertaining balcony with privacy screen
- A renovated extra-large gas kitchen with plenty of cupboard space and all new stainless steel appliances plus integrated under-bench washing machine
- An extra-large master bedroom with mirrored built-ins and second balcony overlooking the front yard and Merrylands road
- A good sized second bedroom with mirrored built-ins and large window
- Completely renovated large main bathroom with full-sized bathtub and all new amenities
- A brand new second bathroom with all new amenities
- An extra large private Lock-Up Garage storage shelf and space
For the astute investor, the property is currently rented to a long term and high quality tenant on a month-to-month basis who would love to stay and is willing to sign on to a new lease at $460/week. (For comparison: current local market rent for a comparable unit is $420-$440/pw)
Some important numbers:
- Price: $480k - $530k
- Size: 104sqm internal and 127sqm total (one of largest 2bedders in the area)
- Strata: $690.40 per quarter ($ Admin $ Sinking)
- Council: $264 per quarter
- Water: $175 per quarter
- Rent: potential rent of $460/week = almost 5 percent yield
With brilliant location/features and an exceptional market-beating rental return, this property will make a perfect home for your growing family or stellar investment for your portfolio. Be quick to inspect as it won't last long!
***ATTENTION: Not enough deposit? Self-employed? Lenders giving you a hard time? Not a worry, Vendor's Financing available to selective applicants, please inquire***
Property History for 5/486-488 Merrylands Rd, Merrylands West, NSW 2160
- 21 Sep 2017Sold for $508,000
- 25 Jul 2017Listed for Sale $480,000 - $530,000
- 11 Jun 2016Listed for Rent - Price not available
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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 2,789 properties. Over the last 5 years, Houses in Merrylands West have seen a 59.48% increase in median value, while Units have seen a 10.40% increase. As at 31 August 2024:
- The median value for Houses in Merrylands West is $1,190,047 while the median value for Units is $484,915.
- Houses have a median rent of $690 while Units have a median rent of $500.
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