SOLD
Sold on 02 Feb 2024 for $1,450,000

544 Parramatta Road
Petersham NSW 2049

Bedrooms: -
Bathrooms: -
Car spaces: 2
Land area: 133m2
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Property Details for 544 Parramatta Rd, Petersham

544 Parramatta Rd, Petersham is a 0 bedroom, 0 bathroom House with 2 parking spaces. The property has a land size of 133m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 0 bedroom House sold in Petersham in the last 12 months.

Building Type
House
Land Size
133m2
Local Government
Inner West
Lot/Plan
4/DP217301

Last Listing description (November 2023)

For the first time offered in over 25 years, this is an outstanding investment opportunity. Located in a highly sought after, growth precinct in Sydney's Inner West. The property is moments from popular cafes, shops, schools, frequent bus routes along Parramatta Road and Petersham train station. This freehold property offers buyers the potential for 4 separate leasable spaces with the benefit of rear lane access to prized off-street parking for two cars.

* Highly sought-after opportunity with high pedestrian & vehicular exposure
* Perfect as an income producing investment, or for those that would look to

occupy in the future with terrific value add opportunity
* After some improvements the property offers a potential rental return of approx. $98,000 pa.
* Three level mixed use with both commercial & residential spaces
* 2 x 1 bedroom apartments
* 1 x Commercial shop with high exposure
* 1 x Separate fully self-contained studio space
*Three spaces are separately metered (Electricity)
* Rear Lane access via Queen Street with parking for two cars
* Stunning City views from top level
* Poised to benefit from a range of nearby developments and infrastructure upgrades
* Offers immediate access to Leichhardt town centre and a choice of transport options
* Close to a range of popular amenities such as educational establishments, hospitals, shops, transport options, arterial roadways, caf's, restaurants and bar

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Property History for 544 Parramatta Rd, Petersham, NSW 2049

A timeline of how this property has performed in the market
Last Sold
$1,450,000
02 Feb 2024
Listed for Rent
16 May 2017
  • 02 Feb 2024
    Sold for $1,450,000
  • 03 Oct 2023
    Listed for Sale Contact Agent
  • 15 Aug 2023
    Sold
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About Petersham 2049

The size of Petersham is approximately 1.3 square kilometres. It has 6 parks covering nearly 5.5% of total area. The population of Petersham in 2011 was 7,529 people. By 2016 the population was 8,114 showing a population growth of 7.8% in the area during that time. The predominant age group in Petersham is 30-39 years. Households in Petersham are primarily childless couples and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Petersham work in a professional occupation. In 2011, 49.8% of the homes in Petersham were owner-occupied compared with 47.3% in 2016.

Petersham has 5,085 properties. Over the last 5 years, Houses in Petersham have seen a 40.40% increase in median value, while Units have seen a 11.07% increase. As at 31 October 2024:

  • The median value for Houses in Petersham is $2,102,569 while the median value for Units is $824,691.
  • Houses have a median rent of $790 while Units have a median rent of $615.
There are currently 20 properties listed for sale, and 36 properties listed for rent in Petersham on OnTheHouse. According to CoreLogic's data, 187 properties were sold in the past 12 months in Petersham.

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