OFF MARKET

42A-42B/40-52 Barina Downs Road
Norwest NSW 2153

Bedrooms: 2
Bathrooms: 2
Car spaces: -
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Last updated 11 Nov 2024
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Property Details for 42a-42b/40-52 Barina Downs Rd, Norwest

42a-42b/40-52 Barina Downs Rd, Norwest is a 2 bedroom, 2 bathroom Unit.

Building Type
Unit
Local Government
Upper Lachlan Shire

Last Listing description (February 2024)

This sunny dual key apartment, with double balconies is a fantastic find: 1+ study, lounge room, bathroom, kitchen, laundry and balcony on one side, 1 bedroom, lounge room, balcony, laundry and kitchen on the other. Both apartments will come with a lease back to the purchaser. 42a & 42b are leased out till mid to late 2024. This is the perfect opportunity for investors looking for a high investment return. The current combined rent is $880 per week.

Located in the corner position of the complex, your building has cul-de-sac road access and is surrounded by parklands and landscaping, resulting in a quieter location with less local traffic. The property is conveniently positioned in prime Norwest. Minutes away from Norwest Business Park, Norwest Metro station, Norwest Market town and the private hospital. Alternatively, you are a 5-minute drive away from Castle Hills Homemaker Centre.

- Two bedrooms with walk-in or built in robes
- Generous open plan combined lounge and dining area, study area
- Quality kitchen, stone bench tops, gas appliances, split system a/c
- Two internal laundries complete with clothes dryer
- Security video intercom , two security car space, additional storage

Strata fee Approx $1714/q, Council fee Approx $273/q and Water fee Approx $210/q

Inspection by appointment.

We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.

Property History for 42a-42b/40-52 Barina Downs Rd, Norwest, NSW 2153

A timeline of how this property has performed in the market
  • 22 Nov 2023
    Listed for Sale SOLD - Contact Agent
  • 22 Jun 2021
    Listed for Sale Under Contract, Richard 0420311662

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About Norwest 2153

The size of Norwest is approximately 13.7 square kilometres. It has 52 parks covering nearly 14.7% of total area. The population of Norwest in 2011 was 33,945 people. By 2016 the population was 37,066 showing a population growth of 9.2% in the area during that time. The predominant age group in Norwest is 40-49 years. Households in Norwest are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Norwest work in a professional occupation. In 2011, 82% of the homes in Norwest were owner-occupied compared with 77.5% in 2016.

Norwest has 3,687 properties. Over the last 5 years, Houses in Norwest have seen a 34.89% increase in median value, while Units have seen a 13.30% increase. As at 31 October 2024:

  • The median value for Houses in Norwest is $1,772,389 while the median value for Units is $1,012,139.
  • Houses have a median rent of $850 while Units have a median rent of $750.
There are currently 38 properties listed for sale, and 14 properties listed for rent in Norwest on OnTheHouse. According to CoreLogic's data, 183 properties were sold in the past 12 months in Norwest.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.