66 Enmore RoadNewtown NSW 2042
Property Details for 66 Enmore Rd, Newtown
Last Listing description (May 2024)
Multi-Tenant Investment Opportunity in a Prime Enmore Road Location!
Nestled in the bustling heart of the renowned Enmore Road Entertainment precinct, this exceptional property presents a golden opportunity for both owner-occupiers and astute investors.
Positioned amidst a vibrant backdrop of restaurants, bars, and cafes, and a mere 200 meters from the famous Enmore Theatre, this high-traffic locale offers unparalleled visibility and convenience. Bus services conveniently pass right by the front door, and Newtown station is just a short stroll away, making this property easily accessible.
The current setup includes two spacious 2-bedroom residences on the first floor, along with a ground floor shop and a tandem garage. What makes this property truly versatile is the ground floor layout, which can be combined into a unified space or used separately, providing endless possibilities for customisation.
Set on 159m2 (approx) of land, this tri-level building was re developed in 2013 with quality solid concrete and brick construction.
At present, both residences are leased until February 2024, while the ground floor is currently vacant. This flexibility allows you the freedom to update the property to suit your specific needs or maintain the existing leasing agreements, enjoying a consistent stream of income. Anticipated gross income is estimated at approximately $135,000 per annum.
Don't miss out on this incredible opportunity to invest in a high-traffic, prime location that offers both immediate returns and long-term potential. Contact us today to seize the advantages of this dynamic opportunity!
* Building Size is approximate.
Contact agent for "Information Memorandum".
David Cradock 0418 496571
Property History for 66 Enmore Rd, Newtown, NSW 2042
- 01 May 2024Sold for $2,300,000
- 19 Oct 2023Listed for Sale $2,300,000
- 19 Oct 2020Listed for Rent $480 / week
Commute Calculator
Recent sales nearby
See more recent sales nearbySimilar properties For Sale nearby
See more properties for sale nearby
0
0
0
Similar properties For Rent nearby
See more properties for rent nearby
0
0
0
About Newtown 2042
The size of Newtown is approximately 1.6 square kilometres. It has 18 parks covering nearly 3.7% of total area. The population of Newtown in 2011 was 14,148 people. By 2016 the population was 15,009 showing a population growth of 6.1% in the area during that time. The predominant age group in Newtown is 20-29 years. Households in Newtown are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Newtown work in a professional occupation. In 2011, 41.2% of the homes in Newtown were owner-occupied compared with 38.5% in 2016.
Newtown has 9,388 properties. Over the last 5 years, Houses in Newtown have seen a 43.18% increase in median value, while Units have seen a 19.84% increase. As at 31 August 2024:
- The median value for Houses in Newtown is $1,901,744 while the median value for Units is $867,182.
- Houses have a median rent of $900 while Units have a median rent of $620.
Suburb Insights for Newtown 2042
Market Insights
Newtown Trends for Houses
N/A
N/A
View TrendN/A
N/A
Newtown Trends for Units
N/A
N/A
View TrendN/A
N/A
Neighbourhood Insights
© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.
This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.
X
