16A/53-59 Balmoral RoadNorthmead NSW 2152
Property Details for 16a/53-59 Balmoral Rd, Northmead
16a/53-59 Balmoral Rd, Northmead is a 3 bedroom, 2 bathroom Unit with 2 parking spaces.
Last Listing description (August 2023)
Investors look no further; this apartment offers a fantastic return and would make a worthy addition to any investment portfolio. The layout is configured as a spacious two-bedroom, one-bathroom unit and a private studio apartment with a potential combined gross rent of $870 per week.
2 Bedroom Apartment:
Large bedrooms both with built-in robes
Open plan living and dining area featuring split-system A/C with access to a great sized front courtyard (partially covered)
Entire apartment has been freshly painted with brand new laminate flooring throughout
Floor to ceiling tiled bathroom which includes an internal laundry
Basement parking for 2 cars
Good size rear courtyard- fully tiled
Based on current market, potential rental return of $500-520 per week
Self-Contained Studio Apartment:
Large bedroom with built-in robe, ensuite and balcony
Kitchenette and internal laundry
Currently leased at $320 per week (could potentially get $350)
This must-see property is set in one of Northmead's most sought-after locations close to shops, Westmead Hospital, schools and the Parramatta CBD. Easy links to public transport, the M2, M4 and M7 adds convenience.
Property History for 16a/53-59 Balmoral Rd, Northmead, NSW 2152
- 07 Jun 2023Listed for Sale $725,000
- 05 Oct 2022Listed for Rent $320 / week
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0About Northmead 2152
The size of Northmead is approximately 4.3 square kilometres. It has 26 parks covering nearly 19% of total area. The population of Northmead in 2011 was 10,223 people. By 2016 the population was 11,199 showing a population growth of 9.5% in the area during that time. The predominant age group in Northmead is 30-39 years. Households in Northmead are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Northmead work in a professional occupation. In 2011, 62.7% of the homes in Northmead were owner-occupied compared with 59.9% in 2016.
Northmead has 4,946 properties. Over the last 5 years, Houses in Northmead have seen a 81.20% increase in median value, while Units have seen a 8.24% increase. As at 31 August 2024:
- The median value for Houses in Northmead is $1,637,057 while the median value for Units is $609,967.
- Houses have a median rent of $700 while Units have a median rent of $595.
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