1 Tornaros AvenuePenrith NSW 2750
Property Details for 1 Tornaros Ave, Penrith
Last Listing description (November 2024)
RWC Western Sydney is pleased to present 1 Tornaros Avenue, Penrith, for sale via Auction.
This is an exceptional opportunity to capitalise on this newly constructed boarding house. It features 12 generous, high-quality self-contained rooms, complimented with a shared communal area.
Construction was recently completed in August 2024. The property spans across 2 levels with ground level parking, generating a net annual income of $233,302*.
This investment is perfectly positioned to benefit from the existing shortage in housing, low vacancy rates, and increasing migration. Take advantage of the significant depreciation benefits of this property.
Additional highlights of the property are outlined below:
• 12 High Quality Rooms (5x double or 5x single rooms & 2x accessible rooms)
• Each room is fully equipped with appliances, including a washer-dryer combo, cooktop, range hood, drawer dishwasher, and microwave.
• Significant depreciation benefits
• Land tax exemptions applicable
• Site Area 701.9m2*
• Offered Below replacement Value
• Five (5) secure ground level car spaces
• Two (2) secure ground level motorbike spaces
• Equipped with CCTV and a video security intercom system.
• All rooms feature split system air-conditioners and built-in wardrobes.
• An outstanding long-term investment located in a rapidly expanding area.
• Close proximity to Nepean Hospital, Western Sydney University & Penrith CBD.
• Vendor Ready to meet the market.
The property will be offered for Auction, onsite Wednesday 20 November 2024 at 12:30pm.
For more information, please contact the below exclusive selling agents.
* Approximately
Property History for 1 Tornaros Ave, Penrith, NSW 2750
- 20 Nov 2024Sold
- 18 Oct 2024Listed for Sale AUCTION
- 23 Sep 2024Listed for Rent $370 / week
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About Penrith 2750
The size of Penrith is approximately 12.5 square kilometres. It has 35 parks covering nearly 13.5% of total area. The population of Penrith in 2011 was 11,813 people. By 2016 the population was 13,264 showing a population growth of 12.3% in the area during that time. The predominant age group in Penrith is 20-29 years. Households in Penrith are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Penrith work in a professional occupation. In 2011, 45.9% of the homes in Penrith were owner-occupied compared with 40.7% in 2016.
Penrith has 12,676 properties. Over the last 5 years, Houses in Penrith have seen a 53.13% increase in median value, while Units have seen a 29.39% increase. As at 30 November 2024:
- The median value for Houses in Penrith is $964,559 while the median value for Units is $570,544.
- Houses have a median rent of $550 while Units have a median rent of $550.
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