OFF MARKET

120-122 Edenholme Road
Wareemba NSW 2046

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 1259m2
Land area: 650m2
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Property Details for 120-122 Edenholme Rd, Wareemba

120-122 Edenholme Rd, Wareemba is a 2 bedroom, 2 bathroom Unit with 1 parking spaces. The property has a land size of 650m2 and floor size of 1259m2.

Building Type
Unit
Floor Size
1259m2
Land Size
650m2
Local Government
Canada Bay
Lot/Plan
CP/SP87167

Last Listing description (December 2019)

Unique to the market, this entire block of eight strata title apartments is offered in one line and comes with DA and CC approval to revamp the existing building and add a level with two penthouse residences. With cafes and restaurants at the end of the street, the property's blue-chip location on the edge of Wareemba village presents a rare opportunity to capitalise on approved plans for 10 luxurious apartments with secure parking. This is bayside living and village convenience at its best, a level walk to Hen and Chicken Bay.

- Full brick strata title block, 1,300sqm landholding, R3 zoning

- DA and CC approval to renovate and add 2 x 3 bed penthouses
- Currently 8 x 2 bed, 1 bath apartments all with secure parking
- 4 x 139sqm layouts and 4 x 107sqm layouts with balconies
- Approval for a 3rd level with 2 new 3 bedroom penthouses
- Approved landscaping works and lift access to all levels
- 15 parking spaces including 2 visitor spots, 8 storerooms
- Ideal for the developer/investor or SMSF buyer
- Gross rent $210k per annum approx.
- Expressions of Interest closing date 22 November 5pm

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Property History for 120-122 Edenholme Rd, Wareemba, NSW 2046

A timeline of how this property has performed in the market
  • 22 Oct 2019
    Listed for Sale Under offer
  • 11 Apr 2014
    Listed for Sale Not Disclosed

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About Wareemba 2046

The size of Wareemba is approximately 0.3 square kilometres. It has 1 park covering nearly 0.2% of total area. The population of Wareemba in 2011 was 1,474 people. By 2016 the population was 1,560 showing a population growth of 5.8% in the area during that time. The predominant age group in Wareemba is 40-49 years. Households in Wareemba are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Wareemba work in a professional occupation. In 2011, 68.6% of the homes in Wareemba were owner-occupied compared with 66.4% in 2016.

Wareemba has 714 properties. Over the last 5 years, Houses in Wareemba have seen a 47.22% increase in median value, while Units have seen a 27.95% increase. As at 31 October 2024:

  • The median value for Houses in Wareemba is $2,897,130 while the median value for Units is $1,151,819.
  • Houses have a median rent of $980 while Units have a median rent of $850.
There are currently 2 properties listed for sale, and 3 properties listed for rent in Wareemba on OnTheHouse. According to CoreLogic's data, 35 properties were sold in the past 12 months in Wareemba.

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