18 Denman AvenueWiley Park NSW 2195
Property Details for 18 Denman Ave, Wiley Park
Last Listing description (September 2024)
RWC Western Sydney is pleased to present 18 Denman Avenue, Wiley Park for sale via Auction.
Remarkable opportunity to acquire a fully tenanted unit block consisting of eight (8) units to be offered in one line.
Ideal value-add creation opportunity for investors or developers alike through renovations to capitalise on the current housing shortage and immigration boom, to increase rents in line with the market.
Additional highlights of the property are outlined below:
• Favourable unit mix of 8 x 2-bedroom units
• Fully leased with passing income of $183,300* per annum with scope to increase substantially
• Site Area 766m2*
• Zoned R4 High Density Residential
• 550m* from Wiley Park Railway Station
• 1.2km* to Roselands Shopping Centre
• Close proximity to King Georges Road and Canterbury Road
• Vendor says Sell!
The property will be offered via Auction, Onsite Wednesday 11 September 2024 at 1pm (unless sold prior).
For more information, please contact the below exclusive selling agents.
Property History for 18 Denman Ave, Wiley Park, NSW 2195
- 11 Sep 2024Sold for $3,240,000
- 08 Aug 2024Listed for Sale AUCTION
- 26 May 2020Listed for Rent $300 / week
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0About Wiley Park 2195
The size of Wiley Park is approximately 1.4 square kilometres. It has 2 parks covering nearly 6.6% of total area. The population of Wiley Park in 2011 was 9,697 people. By 2016 the population was 10,121 showing a population growth of 4.4% in the area during that time. The predominant age group in Wiley Park is 30-39 years. Households in Wiley Park are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Wiley Park work in a labourer occupation. In 2011, 47.3% of the homes in Wiley Park were owner-occupied compared with 39.5% in 2016.
Wiley Park has 4,146 properties. Over the last 5 years, Houses in Wiley Park have seen a 64.81% increase in median value, while Units have seen a 17.15% increase. As at 31 October 2024:
- The median value for Houses in Wiley Park is $1,347,971 while the median value for Units is $481,802.
- Houses have a median rent of $700 while Units have a median rent of $500.
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