95 Martyn StreetParramatta Park QLD 4870
Property Details for 95 Martyn St, Parramatta Park
95 Martyn St, Parramatta Park is a 10 bedroom, 6 bathroom Unit. The property has a land size of 810m2. While the property is not currently for sale or for rent, it was last sold in January 2022.
Last Listing description (March 2022)
For the very first time, this unique block of units is coming to the market. The current owners have had the property in the family for over 50 years, building the block in 1970s.
Located close to town in Parramatta Park, this two storey property consists of six renovated units, all currently in the short term rental pool.
Features of the property: -
- Six fully furnished and self-contained units on a single title of 810m2
- 4 x two-bedroom, one-bathroom units
- 2 x one-bedroom, one-bathroom units
- Fully fenced with off street parking
- Large purpose-built storage garage at back of property
- Air conditioning, fans and security screens to all units
- Fully painted externally in July 2021
- No Body Corporate Fees
- Only 1.2km to Cairns City
- Low maintenance gardens and block
- Permanent rental income potential $1,840 per week
The property is currently being rented on Airbnb. The options are there for the savvy buyers to keep the apartments in the short term rental pool, move to the permanent rental pool, or live in one and manage the rest - there are multiple options.
For the best rental yield, the option would be to self-manage or host on short term rents themselves, as limiting the need for an external management, the purchaser could reap the benefits and enjoy the extra income. The opportunities are endless for this rare piece of real estate. Please email us for figures and further information.
The complex and building have had many renovations over the years, including unit 2 & 5, which has just been finished. The external of the block has just been painted as well, and the property is looking lovely.
The photos do not do the property justice, so please email us to book in and view the property for yourself.
Property History for 95 Martyn St, Parramatta Park, QLD 4870
- 26 Jan 2022Sold for $1,200,000
- 09 Aug 2021Listed for Sale Offers Around $1,200,000
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About Parramatta Park 4870
The size of Parramatta Park is approximately 1.6 square kilometres. It has 4 parks covering nearly 13.9% of total area. The population of Parramatta Park in 2011 was 3,226 people. By 2016 the population was 3,515 showing a population growth of 9.0% in the area during that time. The predominant age group in Parramatta Park is 20-29 years. Households in Parramatta Park are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Parramatta Park work in a community and personal service occupation. In 2011, 29.4% of the homes in Parramatta Park were owner-occupied compared with 29.8% in 2016.
Parramatta Park has 1,922 properties. Over the last 5 years, Houses in Parramatta Park have seen a 41.21% increase in median value, while Units have seen a 65.86% increase. As at 31 October 2024:
- The median value for Houses in Parramatta Park is $583,677 while the median value for Units is $406,749.
- Houses have a median rent of $500 while Units have a median rent of $435.
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