109 Victoria RoadPunchbowl NSW 2196
Property Details for 109 Victoria Rd, Punchbowl
109 Victoria Rd, Punchbowl is a 12 bedroom, 6 bathroom BlockOfUnits with 6 parking spaces. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 12 bedroom BlockOfUnits sold in Punchbowl in the last 12 months.
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. It currently generates an approximate income of $125,000. (Next scheduled increase November 2024” - $500pw each unit totalling $156,000)
Key Features:
• Complete block containing six 2-bedroom units
• 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 $156,000
• 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.
Property History for 109 Victoria Rd, Punchbowl, NSW 2196
- 11 Jun 2024Sold for $2,410,000
- 22 Nov 2022Listed for Sale $2,500,000
- 20 Dec 2019Listed for Rent - Price not available
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0About 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 7,821 properties. Over the last 5 years, Houses in Punchbowl have seen a 66.97% increase in median value, while Units have seen a 18.09% increase. As at 31 October 2024:
- The median value for Houses in Punchbowl is $1,346,871 while the median value for Units is $540,520.
- Houses have a median rent of $730 while Units have a median rent of $540.
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