29 Park Rd W, Dutton Park is a 14 bedroom, 8 bathroom BlockOfUnits. The property has a land size of 746m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 14 bedroom BlockOfUnits sold in Dutton Park in the last 12 months.
In-Room Auction
Location: 5/156 Boundary St, West End
Thursday 23rd May 2024 @ 11am
Welcome to apartment block 29 Park Road, West, Dutton Park! This exceptional block of flats presents a rare opportunity for investors or those seeking a multi-generational living arrangement. With a total of 14 bedrooms and 8 bathrooms this property offers an abundance of space and versatility.
Situated on a generous land area of 746 sqm, this block of flats boasts a prime location in the sought-after suburb of Dutton Park. The property is conveniently located near a range of amenities including schools, parks, shops, and public transport options, ensuring a convenient and comfortable lifestyle for its occupants.
Each unit within this block offers comfortable living spaces, well-appointed kitchens, and ample storage. The bedrooms are generously sized, providing a peaceful retreat for residents as well as capturing city views from almost everywhere on the block.
Current Leases on the 8 units are grossing $170,040 per year. Strong rental demand for the units has seen them all fully occupied since 2017
Unit 1 - 4 Bed 1 Bath
Unit 2 - 2 Bed 1 Bath
Unit 3 - 2 Bed 1 Bath
Unit 4 - 1 Bed 1 Bath
Unit 5 - 2 Bed 1 Bath
Unit 6 - 1 Bed 1 Bath
Unit 7 - 1 Bed 1 Bath
Unit 8 - 1 Bed 1 Bath
The property's standout feature is its potential for multiple income streams, making it an ideal investment opportunity. Whether you choose to keep the flats rented out individually or utilize the entire block for future development, the possibilities are endless.
Don't miss out on the chance to own this impressive block of units in the highly sought-after Dutton Park location.
For more information or to arrange an inspection contact Michael Nolan or Adam Edwards for more information!
The size of Dutton Park is approximately 1.1 square kilometres. It has 3 parks covering nearly 13.6% of total area. The population of Dutton Park in 2011 was 1,471 people. By 2016 the population was 2,036 showing a population growth of 38.4% in the area during that time. The predominant age group in Dutton Park is 20-29 years. Households in Dutton Park are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Dutton Park work in a professional occupation. In 2011, 39.5% of the homes in Dutton Park were owner-occupied compared with 37.8% in 2016.
Dutton Park has 1,181 properties. Over the last 5 years, Houses in Dutton Park have seen a 74.72% increase in median value, while Units have seen a 70.84% increase. As at 31 August 2024:
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