114 Smith StreetSummer Hill NSW 2130
Property Details for 114 Smith St, Summer Hill
Last Listing description (May 2024)
RWC Sydney City Fringe and Ray White Inner West group are pleased to present 114 Smith Street, Summer Hill to the open market.
The property is superbly positioned in the heart of the Inner West that offers a combination of convenience and proximity to local centres and the CBD via road, rail, and light rail access, whilst the Summer Hill Town Centre provides the quintessential village lifestyle with Shops, Banks, Pharmacists, IGA Supermarket and Cafes.
Key Highlights Include:
- Land area 358sqm* Building area: 404sqm*
- Zoned B2 Local Centre
- The Ground Floor consists of a retail showroom and warehouse
- Residential consists of 2BR unit, 1BR unit and 1 Studio
- Fully leased potential income of circa $150,000* per annum
- Potential to also occupy and/or add value **(STCA)
- Rear access, parking, and storage
For more information or to request a copy of the information memorandum, please contact the exclusive selling agents.
Kristian Morris
RWC Sydney City Fringe
0411 415 297
Con Magias
Ray White Inner West Group
0414 414 482
*approximately
** Subject to council approval
Property History for 114 Smith St, Summer Hill, NSW 2130
- 17 Sep 2024Listed for Rent $45,000 / year
- 28 May 2024Sold for $2,835,000
- 09 Oct 2023Listed for Sale $3,195,000
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About Summer Hill 2130
The size of Summer Hill is approximately 1.2 square kilometres. It has 12 parks covering nearly 4.6% of total area. The population of Summer Hill in 2011 was 6,586 people. By 2016 the population was 7,311 showing a population growth of 11.0% in the area during that time. The predominant age group in Summer Hill is 30-39 years. Households in Summer Hill are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Summer Hill work in a professional occupation. In 2011, 49.1% of the homes in Summer Hill were owner-occupied compared with 45.6% in 2016.
Summer Hill has 4,271 properties. Over the last 5 years, Houses in Summer Hill have seen a 36.74% increase in median value, while Units have seen a 31.08% increase. As at 30 November 2024:
- The median value for Houses in Summer Hill is $2,471,299 while the median value for Units is $1,022,108.
- Houses have a median rent of $875 while Units have a median rent of $650.
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