19A/53-59 Balmoral RoadNorthmead NSW 2152
Property Details for 19a/53-59 Balmoral Rd, Northmead
19a/53-59 Balmoral Rd, Northmead is a 3 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2011. The property has a land size of 86m2 and floor size of 54m2.
Last Listing description (September 2023)
Sure to appeal to Investors looking for STRONG YIELDS or occupiers who can live in one side and have a tenant in the other side paying your mortgage! Constructed as a spacious DUAL KEY two-bedroom unit PLUS a 1br apartment, the potential combined gross rental return of $850 per week/ 6.5% gross (approx.).
2 Bedroom Apartment:
Large bedrooms both with built-in robes
Open plan living and dining area featuring split-system A/C
Floor to ceiling tiled bathroom which includes an internal laundry
Basement parking for 2 cars + huge lock up storage
Generous balconies- fully tiled
Market rental return of $500 per week (approx.)
1br Apartment:
Large bedroom with built-in robe, ensuite and balcony
Kitchenette and internal laundry
CURRENTLY LEASED to long term tenant for $350 per week
Walk to Kleins Road shops, 300m to Westmead Hospital, schools and the Parramatta CBD.
Property History for 19a/53-59 Balmoral Rd, Northmead, NSW 2152
- 10 Aug 2023Listed for Sale Not Disclosed
- 09 Sep 2019Listed for Rent $290 / week
- 29 Jan 2019Listed for Rent $280 / 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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