19 Punchbowl Rd, Punchbowl is a 3 bedroom, 1 bathroom House and was built in 1935. The property has a land size of 769m2 and floor size of 134m2. While the property is not currently for sale or for rent, it was last sold in April 2019.
We think this is a great opportunity (subject to council and planning approvals) to remove the house and build multiple dwellings. Recent growth in the vibrant Punchbowl area includes a number of unit construction sites, a new subdivision, and a redeveloped coffee shop down the road. The close proximity to the Kings Meadows shopping hub allows access to all amenities. A regular bus service is virtually at the front door, and the Punchbowl Reserve is a few hundred meters away, as is the highly regarded Punchbowl Primary School. The existing home could possibly be renovated, but we suspect with the near perfect northerly aspect sloping gently to the rear of the 769m2 block, it would be a cracker unit development site STCA.
For sale by Auction Saturday 13th April 2019 @ 11.00 am on site.
19 Punchbowl Road at a glance:
The size of Punchbowl is approximately 0.6 square kilometres. It has 2 parks covering nearly 39.5% of total area. The population of Punchbowl in 2011 was 443 people. By 2016 the population was 454 showing a population growth of 2.5% in the area during that time. The predominant age group in Punchbowl is 20-29 years. Households in Punchbowl are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Punchbowl work in a trades occupation. In 2011, 63% of the homes in Punchbowl were owner-occupied compared with 54.8% in 2016.
Punchbowl has 265 properties. Over the last 5 years, Houses in Punchbowl have seen a 63.33% increase in median value, while Units have seen a 43.64% increase. As at 31 October 2024:
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