SOLD
Sold on 31 Oct 2024 for $2,850,000

34 Parmal Avenue
Padstow NSW 2211

Bedrooms: 8
Bathrooms: 3
Car spaces: -
Floor area: 102m2
Land area: 651m2
Sold By
Professionals Padstow
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Property Details for 34 Parmal Ave, Padstow

34 Parmal Ave, Padstow is a 8 bedroom, 3 bathroom House and was built in 1950. The property has a land size of 651m2 and floor size of 102m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 8 bedroom House sold in Padstow in the last 12 months.

Building Type
House
Year Built
1950
Floor Size
102m2
Land Size
651m2
Local Government
Canterbury-Bankstown
Lot/Plan
26/DP24323

Last Listing description (December 2024)

Situated in a quiet and leafy cul-de-sac location, this unique opportunity presents a multitude of development possibilities. Boasting R4 zoning and a total land area of 1,429sqm, this site will appeal for developers looking to build townhouses or units in a highly sought after location, with proven resale potential.

Attributes include:
* Two properties side by side, to be sold as one or individually

* 34 Parmal Ave - 15.24m frontage, 652sqm of land
This home offer three bedrooms, neat and tidy kitchen and bathroom and split system air conditioning
* 36 Parmal Ave - 21m frontage, 777sqm of land
This home offers three bedrooms with built in wardrobes, multiple living rooms and a long driveway for multiple vehicles
* 36 Parmal includes an updated, self contained granny flat with its own private backyard
* R4 high density zoning allowing for unit or townhouse construction
* 1:1 Floor space ratio, 13m building height limit
* Site suitable for 8 townhouses or 21 units (STCA)
* Both properties are currently rented, for a combined total of $1,560 per week
* Located in a quiet, cul-de-sac location, only 450m to Padstow Train Station

This fantastic opportunity is certainly one of a kind! Please contact listing agent Todd Owsnett or Josh Sammut for additional information.

Property History for 34 Parmal Ave, Padstow, NSW 2211

A timeline of how this property has performed in the market
Last Sold
$2,850,000
31 Oct 2024
Listed for Rent
$500/w
21 Dec 2022
  • 31 Oct 2024
    Sold for $2,850,000
  • 13 Jun 2024
    Listed for Sale $2,900,000 - $3,100,000
  • 05 Dec 2022
    Listed for Rent $500 / week
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About Padstow 2211

The size of Padstow is approximately 5.5 square kilometres. It has 20 parks covering nearly 10.9% of total area. The population of Padstow in 2011 was 12,716 people. By 2016 the population was 13,287 showing a population growth of 4.5% in the area during that time. The predominant age group in Padstow is 50-59 years. Households in Padstow are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Padstow work in a professional occupation. In 2011, 70% of the homes in Padstow were owner-occupied compared with 67.2% in 2016.

Padstow has 6,260 properties. Over the last 5 years, Houses in Padstow have seen a 58.75% increase in median value, while Units have seen a 27.52% increase. As at 31 January 2025:

  • The median value for Houses in Padstow is $1,493,223 while the median value for Units is $922,641.
  • Houses have a median rent of $800 while Units have a median rent of $590.
There are currently 18 properties listed for sale, and 17 properties listed for rent in Padstow on OnTheHouse. According to CoreLogic's data, 274 properties were sold in the past 12 months in Padstow.

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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.