8-10 Prospect RoadSummer Hill NSW 2130
Property Details for 8-10 Prospect Rd, Summer Hill
8-10 Prospect Rd, Summer Hill is a 18 bedroom, 10 bathroom House with 10 parking spaces and was built in 1972. The property has a land size of 1113m2 and floor size of 72m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 18 bedroom House sold in Summer Hill in the last 12 months.
Last Listing description (May 2024)
Strathfield Partners are pleased to offer 8-10 Prospect Road Summer Hill to the market for sale via Auction.
This offering represents an exciting opportunity for developers or investors to acquire a prime parcel of land with ten (10) units in the heart of Summer Hill.
The property consists of:
* 8 x 2-bedroom units
* 2 x 1-bedroom units
* 10 x lock up garages
* All units have 1-bathroom, internal laundry and balconies
* Site area 1,113 m Approx.
* Height of building: 8.5m
* Zoned R2 Low Density Residential
The property is fully leased being of solid brick construction with a few units refurbished and recently updated. Situated in the desirable catchment area of Summer Hill Public School and near Trinity Grammar, this property offers easy access to buses, CBD transport, parks, and the fantastic dining and shopping options in the village.
This blue-chip investment is positioned in the most desirable location benefits from significant value adding proposition through re-negotiations of rents, and/or future redevelopment upside (STCA).
Property History for 8-10 Prospect Rd, Summer Hill, NSW 2130
- 18 May 2024Sold for $7,300,000
- 15 Apr 2024Listed for Sale $7,300,000
- 14 Apr 2023Listed for Rent $650 / week
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0About 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 4,266 properties. Over the last 5 years, Houses in Summer Hill have seen a 52.19% increase in median value, while Units have seen a 38.07% increase. As at 31 August 2024:
- The median value for Houses in Summer Hill is $2,463,754 while the median value for Units is $981,190.
- Houses have a median rent of $925 while Units have a median rent of $635.
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