OFF MARKET

4 David Road
Springwood NSW 2777

Bedrooms: 8
Bathrooms: 8
Car spaces: -
Land area: 4300m2
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Property Details for 4 David Rd, Springwood

4 David Rd, Springwood is a 8 bedroom, 8 bathroom House. The property has a land size of 4300m2. While the property is not currently for sale or for rent, it was last sold in February 2021.

Building Type
House
Land Size
4300m2
Local Government
Blue Mountains
Lot/Plan
3/DP224509

Last Listing description (February 2021)

This block of eight one-bedroom units is a brilliant opportunity for you to add to your investment portfolio. A variety of layouts increases the appeal and marketability of the units, all of which currently have excellent tenants and consistent rental returns.

Seven of the units are one-bedroom, and the eighth is a good-sized studio. Two have their own internal laundry, while the remainder share the large communal laundry. Each unit has its own kitchen and bathroom and most have spilt-system air-conditioning. Many enjoy views over the surrounding bushland. All are in very good condition; however further cosmetic updates would increase their appeal.

The block has a great location, close to Springwood village and all its attractions and convenient to transport. At the same time, the generous size (4287m2 approx.), the natural setting among the trees, and the layout of the units assures a peaceful and private ambience.

Summary of features include:
- Incredible investment opportunity in a popular part of Springwood
- Eight units with varying appealing layouts to suit a range of rental situations
- All units currently tenanted, returning between $240 and $290 per week
- Large (4287m2 approx.) attractive and tranquil treed block
- Central location close to all amenities and transport
- Units individually metered for electricity; plenty of parking

Please contact Lister & Cole Estate Agents for further details about this wonderful opportunity for the investor.

Disclaimer: We have obtained all information herein from sources we believe to be reliable; however we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.

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Property History for 4 David Rd, Springwood, NSW 2777

A timeline of how this property has performed in the market
Last Sold
$1,900,000
22 Feb 2021
  • 22 Feb 2021
    Sold for $1,900,000
  • 04 Nov 2020
    Listed for Sale $2,000,000 - $2,100,000
  • 23 Dec 2014
    Sold for $1,300,000
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About Springwood 2777

The size of Springwood is approximately 19.4 square kilometres. It has 41 parks covering nearly 24.6% of total area. The population of Springwood in 2011 was 8,436 people. By 2016 the population was 8,484 showing a population growth of 0.6% in the area during that time. The predominant age group in Springwood is 40-49 years. Households in Springwood are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Springwood work in a professional occupation. In 2011, 75.8% of the homes in Springwood were owner-occupied compared with 76.6% in 2016.

Springwood has 4,029 properties. Over the last 5 years, Houses in Springwood have seen a 56.12% increase in median value, while Units have seen a 25.51% increase. As at 30 September 2024:

  • The median value for Houses in Springwood is $913,086 while the median value for Units is $641,331.
  • Houses have a median rent of $600 while Units have a median rent of $445.
There are currently 15 properties listed for sale, and 6 properties listed for rent in Springwood on OnTheHouse. According to CoreLogic's data, 158 properties were sold in the past 12 months in Springwood.

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