SOLD
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Sold on 11 Sep 2024 - Price Unavailable

18 Denman Avenue
Wiley Park NSW 2195

Bedrooms: -
Bathrooms: -
Car spaces: 8
Floor area: 1m2
Land area: 766m2
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Property Details for 18 Denman Ave, Wiley Park

Building Type
Commercial
Floor Size
1m2
Land Size
766m2

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

A timeline of how this property has performed in the market
Last Sold
11 Sep 2024
Listed for Rent
$300/w
18 Jun 2021
  • 11 Sep 2024
    Sold for $3,240,000
  • 08 Aug 2024
    Listed for Sale AUCTION
  • 26 May 2020
    Listed for Rent $300 / week
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About 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 4,156 properties. Over the last 5 years, Houses in Wiley Park have seen a 62.53% increase in median value, while Units have seen a 18.65% increase. As at 30 November 2024:

  • The median value for Houses in Wiley Park is $1,352,880 while the median value for Units is $487,573.
  • Houses have a median rent of $675 while Units have a median rent of $500.
There are currently 11 properties listed for sale, and 14 properties listed for rent in Wiley park on OnTheHouse. According to CoreLogic's data, 179 properties were sold in the past 12 months in Wiley park.

Suburb Insights for Wiley Park 2195

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Contact agent
Joseph Assaf
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Andrew Sacco
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RWC Western Sydney
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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.