SOLD
Sold on 13 Dec 2023 for $1,750,000

16 Flour Mill Way
Summer Hill NSW 2130

Bedrooms: -
Bathrooms: -
Car spaces: 1
Land area: 4553m2
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Property Details for 16 Flour Mill Way, Summer Hill

16 Flour Mill Way, Summer Hill is a 0 bedroom, 0 bathroom Unit with 1 parking spaces and was built in 2017. The property has a land size of 4553m2. While the property is not currently for sale or for rent, it was last sold in December 2023. There are other 0 bedroom Unit sold in Summer Hill in the last 12 months.

Building Type
Unit
Year Built
2017
Land Size
4553m2
Local Government
Inner West
Lot/Plan
87/SP94961

Last Listing description (November 2023)

X Commercial is pleased to present 16 Flour Mill Way, Summer Hill For Sale via Public Auction, an opportunity to acquire a character investment in the heart of Summer Hill village like community.

THE KEY X-FACTORS OF 16 FLOUR MILL WAY INCLUDE:

- New 5 year lease + Options
- Income $106,000* per annum NET
- 100% Outgoings paid by tenant
- Leased to 'Little Big Foundation'
- Stand alone character building in a mixed use strata plan
- 197sqm* of net lettable area
- 1 secure car space
- Near by Train station and Light Rail
- Near by cafes, restaurants and amenity
- 9km* Sydney CBD

16 Flour Mill Way Summer Hill will be offered For Sale via Public Auction Tuesday 12th December at 10:30am (AEDT).

For more information, please contact the exclusive selling agents:
Lachlan Palm - 0431 723 010

Property History for 16 Flour Mill Way, Summer Hill, NSW 2130

A timeline of how this property has performed in the market
Last Sold
$1,750,000
13 Dec 2023
  • 13 Dec 2023
    Sold for $1,750,000
  • 14 Nov 2023
    Listed for Sale AUCTION
  • 30 Jun 2023
    Sold for $1

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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 4,268 properties. Over the last 5 years, Houses in Summer Hill have seen a 47.29% increase in median value, while Units have seen a 33.58% increase. As at 30 September 2024:

  • The median value for Houses in Summer Hill is $2,441,670 while the median value for Units is $981,779.
  • Houses have a median rent of $925 while Units have a median rent of $640.
There are currently 16 properties listed for sale, and 28 properties listed for rent in Summer hill on OnTheHouse. According to CoreLogic's data, 164 properties were sold in the past 12 months in Summer hill.

Suburb Insights for Summer Hill 2130

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.