3 Hardy Ave, Park Avenue is a 7 bedroom, 7 bathroom Unit. The property has a land size of 1223m2. While the property is not currently for sale or for rent, it was last sold in October 2021.
Opportunity knocks with 7 studio-style flats currently returning a gross yield of $63,700 per annum to attract investor interest. Each flat offers a 3.0m x 6.5m living and sleeping space with timber floors, ceiling fans and air-conditioning, with a basic kitchen and bathroom and common laundry facilities. There's certainly scope for an upgrade, or just continue collecting rent as is. The complex was built in 1970 and is handy to all amenities.
-Low-set, 1970 complex of 7 conjoined studio-style flats
-Open-plan 6.5 x 3.0 living/sleeping space with timber floor
The size of Park Avenue is approximately 4.6 square kilometres. It has 6 parks covering nearly 12% of total area. The population of Park Avenue in 2011 was 5,366 people. By 2016 the population was 5,089 showing a population decline of 5.2% in the area during that time. The predominant age group in Park Avenue is 20-29 years. Households in Park Avenue are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Park Avenue work in a trades occupation. In 2011, 60.3% of the homes in Park Avenue were owner-occupied compared with 61.8% in 2016.
Park Avenue has 2,677 properties. Over the last 5 years, Houses in Park Avenue have seen a 104.47% increase in median value, while Units have seen a 63.82% increase. As at 31 December 2024:
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