SOLD
RECENT ADVICE
Sold on 11 Jun 2024 for $2,410,000

1 Victoria Road
Punchbowl NSW 2196

Bedrooms: -
Bathrooms: -
Car spaces: 6
Land area: 500m2
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Property Details for 1 Victoria Rd, Punchbowl

Building Type
Commercial
Year Built
1930
Land Size
500m2
Local Government
Canterbury-Bankstown
Lot/Plan
X/DP409310

Last Listing description (June 2024)

This impressive block consists of six sturdy double-brick 2-bedroom apartments, each boasting its own parking space, in-unit laundry, and private balcony. Occupying approximately 695sqm of land, this property represents a remarkable investment opportunity with significant potential for value enhancement. Its proximity to local amenities such as schools, shopping centers, and public transportation adds to its appeal. Currently, it generates an approximate income of $100,000.

Key Features:

Complete block containing six 2-bedroom units

Each unit features a balcony, internal laundry, and parking space
The interiors are well-maintained and designed for low maintenance
Presents an excellent opportunity for long-term investment or to increase value
Benefits from low vacancy rates with potential for rental increase
Conveniently located within walking distance to shops and public transport
Nearby local educational institutions and parks
A short drive away from Roselands and Bankstown Centro shopping centers
Potential rental income of $152,000
This property is on the market and will be sold!

Financial Details:

Council Rates: $1,350 per quarter approx.
Water Rates: $1070.00 plus usage per quarter approx.
Land Valuation: $1,220,000

This property is not only a sound investment but also offers the chance to capitalize on its potential, making it a must-see for serious investors.

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Property History for 1 Victoria Rd, Punchbowl, NSW 2196

A timeline of how this property has performed in the market
Last Sold
$2,410,000
11 Jun 2024
  • 11 Jun 2024
    Sold for $2,410,000
  • 22 Nov 2022
    Listed for Sale $2,500,000
  • 25 Mar 2013
    Sold for $630,000
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About Punchbowl 2196

The size of Punchbowl is approximately 4.5 square kilometres. It has 16 parks covering nearly 5.8% of total area. The population of Punchbowl in 2011 was 18,428 people. By 2016 the population was 20,263 showing a population growth of 10.0% in the area during that time. The predominant age group in Punchbowl is 20-29 years. Households in Punchbowl are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Punchbowl work in a trades occupation. In 2011, 63.9% of the homes in Punchbowl were owner-occupied compared with 58.7% in 2016.

Punchbowl has 7,829 properties.

    There are currently 31 properties listed for sale, and 41 properties listed for rent in Punchbowl on OnTheHouse. According to CoreLogic's data, 289 properties were sold in the past 12 months in Punchbowl.

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