36 Sussex Rd, Forrestfield is a 6 bedroom, 3 bathroom Unit with 1 parking spaces and was built in 1975. The property has a land size of 787m2 and floor size of 222m2.
An opportunity here for the astute buyer to purchase a property with enviable development potential with minimal or any holding costs.
787 sqm property zoned R60 with well built home that has been divided into 3 separate tenancies all currently let to long term tenants.
1 x 3 bedroom Unit Street frontage
Total Returns $41,860.00 PA (Gross )
Property has a right of way from neighboring Hanover Street which allows for rear access to rear dwellings and would be extremely helpful if full subdivision was applied for.
Massive opportunity for Investor to get a property paid for whilst holding to develop in area that's moving ahead and becoming more and more popular.
The size of Forrestfield is approximately 17.4 square kilometres. It has 22 parks covering nearly 32.4% of total area. The population of Forrestfield in 2011 was 11,811 people. By 2016 the population was 12,715 showing a population growth of 7.7% in the area during that time. The predominant age group in Forrestfield is 30-39 years. Households in Forrestfield are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Forrestfield work in a trades occupation. In 2011, 73.2% of the homes in Forrestfield were owner-occupied compared with 73.3% in 2016.
Forrestfield has 6,487 properties.
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