238 Parramatta RoadStanmore NSW 2048
Property Details for 238 Parramatta Rd, Stanmore
238 Parramatta Rd, Stanmore is a 0 bedroom, 0 bathroom House with 1 parking spaces and was built in 1999. The property has a land size of 138m2. While the property is not currently for sale or for rent, it was last sold in August 2023.
Last Listing description (August 2023)
On offer is this fantastic opportunity for buyers or investors to secure a supremely spacious, versatile property and capitalise on its many possibilities. Located in the very heart of the inner west, this commercial/residential package presents an excellent prospect with great exposure to Parramatta Road and a flexible two-level layout providing dual tenancies and immediate rental income. The property is sitting on approximately 179 sqm with approximately 284sqm over both levels of space and is well-presented and hold lots of future potential for a dual investment or home-plus-business with the chance to upgrade and increase revenue to really take advantage of its prime Stanmore location.
Ground floor:
Spacious open plan approximately 165sqm business and residence with flexible living areas.
Well-equipped kitchen and bathroom, both in good condition.
Open plan street front retail space opening onto Parramatta Road.
Great opportunity for a work from home business or retail space.
Upper floor:
Private entrance from Corunna Lane at the rear.
A spacious, flexible, and bright open plan apartment which is approximately 119sqm.
Large northerly windows and excellent natural light.
Extra-high ceilings, timber flooring and air-conditioning.
Full spacious kitchen and bathroom plus an internal laundry with a second toilet.
Can easily be re-purposed and customised to suit needs.
Features:
- A prominent position with high Parramatta Road exposure.
- Currently tenanted and earning immediate rental income.
- Easy CBD access with the bus stop virtually at the front door.
- Featuring an expansive 284sqm approx internal space over two levels.
- Potential to update or extend the property and increase yield.
- Secure rear off-street car space with roller door access.
- Scope for development with potential city views from upper levels (STCA).
- Short stroll to village cafes, shopping and the train station.
Property History for 238 Parramatta Rd, Stanmore, NSW 2048
- 24 Aug 2023Sold for $1,367,000
- 24 Jul 2023Listed for Sale SOLD | Contact Agent
- 13 Mar 2008Listed for Rent - Price not available
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About Stanmore 2048
The size of Stanmore is approximately 1.2 square kilometres. It has 11 parks covering nearly 4.1% of total area. The population of Stanmore in 2011 was 7,702 people. By 2016 the population was 7,927 showing a population growth of 2.9% in the area during that time. The predominant age group in Stanmore is 20-29 years. Households in Stanmore are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Stanmore work in a professional occupation. In 2011, 53.9% of the homes in Stanmore were owner-occupied compared with 51% in 2016.
Stanmore has 4,067 properties. Over the last 5 years, Houses in Stanmore have seen a 37.08% increase in median value, while Units have seen a 15.82% increase. As at 30 September 2024:
- The median value for Houses in Stanmore is $2,128,508 while the median value for Units is $839,111.
- Houses have a median rent of $1,000 while Units have a median rent of $600.
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