SOLD
Sold on 09 Mar 2024 for $1,506,000

3 Graham Road
Narwee NSW 2209

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 70m2
Land area: 696m2
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Sold By
Professionals Robert Sharp Real Estate Pty Ltd
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Property Details for 3 Graham Rd, Narwee

3 Graham Rd, Narwee is a 1 bedroom, 1 bathroom House and was built in 1950. The property has a land size of 696m2 and floor size of 70m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 1 bedroom House sold in Narwee in the last 12 months.

Building Type
House
Year Built
1950
Floor Size
70m2
Land Size
696m2
Local Government
Canterbury-Bankstown
Lot/Plan
55/DP35912

Last Listing description (June 2024)

Situated appriximately 250m walking distance to Narwee Train Station, this unique R4 zoned Development Site represents a world of opportunity for switched on builders and developers.

Dimensions: 15.24m x 45.72m

Exceptional location with close proximity to

* Narwee Train Station (Approximately 20 minutes to CBD - 15 Minutes to Airport by train)
* 1.2km to M5 entry on King Georges Road (both east and west bound access)
* Convenient Rail and Road access to the Airport
* Beverly Hills famous Restaurant and Entertainment Strip
* Roselands Centro and Westfield Hurstville Shopping Centres
* A wide range of both Public and Privats Schools
* Local parks and outdoor facilities

Currently suitable for a wide range of uses including

* Dual Occupancy
* Townhouses (historical DA approval for 5 x 2 bedroom townhouses with basement parking)
* Home units
* All subject to council approval

The potential upside of this site revolves around the current State Government Low & Mid Rise Housing proposed changes to the current planning system which is presently on exhibition and proposes a substantial increase in both building height and floor space ratio.

Proposed changes include

* Potential FSR of 3:1 and 21m height limit for residential flat development (subject to approval and development controls not yet published)
* Manor housing
* Multi dwelling housing (townhouses)

Note: This is subject to the State Government proceeding with the proposed changes and the development controls which are yet to be released. Purchasers should rely on their own enquiries

For a copy of the State Government proposal please email gavin@robertsharp.com.au and we will forward a copy.

For further details contact Gavin Sharp on either 9570 5255 or gavin@robertsharp.com.au

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Property History for 3 Graham Rd, Narwee, NSW 2209

A timeline of how this property has performed in the market
Last Sold
$1,506,000
09 Mar 2024
Listed for Rent
$460/w
04 Jul 2017
  • 09 Mar 2024
    Sold for $1,506,000
  • 14 Feb 2024
    Listed for Sale Not Disclosed
  • 26 May 2017
    Listed for Rent $460 / week
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About Narwee 2209

The size of Narwee is approximately 1.2 square kilometres. It has 13 parks covering nearly 11.2% of total area. The population of Narwee in 2011 was 4,956 people. By 2016 the population was 5,619 showing a population growth of 13.4% in the area during that time. The predominant age group in Narwee is 30-39 years. Households in Narwee are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Narwee work in a professional occupation. In 2011, 61.1% of the homes in Narwee were owner-occupied compared with 55.1% in 2016.

Narwee has 2,448 properties. Over the last 5 years, Houses in Narwee have seen a 59.69% increase in median value, while Units have seen a 19.62% increase. As at 31 October 2024:

  • The median value for Houses in Narwee is $1,629,151 while the median value for Units is $672,061.
  • Houses have a median rent of $800 while Units have a median rent of $550.
There are currently 6 properties listed for sale, and 12 properties listed for rent in Narwee on OnTheHouse. According to CoreLogic's data, 81 properties were sold in the past 12 months in Narwee.

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