Price Guide $4,495,000 $4,895,000
26 Orpington Street, Ashfield NSW 2131
Apartment
15138
Block size: 929 m² approx.
Two Unit Blocks - One Title
Opportunity of a lifetime 'Blue Ribbon' project on one title. Positioned in a sought after street location this project offers 13 apartments complete with 7 car spaces and 1 garage. Owned by a fastidious owner who has attended to extensive renovations and upgrades.
This property presents a wonderful capital growth opportunity for the astute investor/developer with potential for growth in rent yields given this 'in-demand' rental location. Currently this investment is generating $247,260.00 in gross annualised income. With the rental market on the move it is realistic to expect this lease renewals to further increase this yield to over $255,000.00 by the end of 2024 and $260,000.00 by the middle of 2025.
This property presents a secure long term investment with the opportunity to further renovate with possibility of converting three bedroom apartment into an additional apartment increasing both the number of apartments to 14 and the income yield. Positioned on a large 929m2 (approx) lot with an R3 zoning.
Located only minutes away from Ashfield village and mall with train station and schools nearby with the convenience of the local dining and café precinct.
Outgoings
Water rates: $6,700.00 per annum (approx)
Council rates: $8,760.00 per annum (approx)
* Harcourts has made every effort to obtain the information regarding these listings from sources deemed reliable. However, we cannot warrant the complete accuracy thereof subject to errors, omissions, change of price, prior sale or withdrawal without notice.
This property presents a wonderful capital growth opportunity for the astute investor/developer with potential for growth in rent yields given this 'in-demand' rental location. Currently this investment is generating $247,260.00 in gross annualised income. With the rental market on the move it is realistic to expect this lease renewals to further increase this yield to over $255,000.00 by the end of 2024 and $260,000.00 by the middle of 2025.
This property presents a secure long term investment with the opportunity to further renovate with possibility of converting three bedroom apartment into an additional apartment increasing both the number of apartments to 14 and the income yield. Positioned on a large 929m2 (approx) lot with an R3 zoning.
Located only minutes away from Ashfield village and mall with train station and schools nearby with the convenience of the local dining and café precinct.
Outgoings
Water rates: $6,700.00 per annum (approx)
Council rates: $8,760.00 per annum (approx)
* Harcourts has made every effort to obtain the information regarding these listings from sources deemed reliable. However, we cannot warrant the complete accuracy thereof subject to errors, omissions, change of price, prior sale or withdrawal without notice.
Inspections
No open inspections scheduled.
Send an enquiry
Contact Garth Makowski to learn more about this property, request an inspection or take an online tour.
Key details
Bedrooms:
15
Bathrooms:
13
Garage Spaces:
8
Property type:
Apartment
Block Size:
929 m²*
Other Details
Lot:
11
Section:
15
Plan Type:
DP
Plan:
439
Legal description:
11/15/439
Maps and area information
Block information
Block size: 929m² (approx)
Legal description: 11/15/439
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
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A block's planning zone defines how that land can be used and what can be built on it.
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The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
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Property history
You don't need a time machine, we've built one for you. Research this property's past sales on the timeline below.
26 Mar 2018
Sold
$4,325,000
Contract: 12/02/2018
Transfer: 26/03/2018
Block size: 929m²
Transfer type: Full transfer
Purpose: Residence
13 Feb 2018
Sold
Ray White Unlimited
Listed: 05/10/2017
Transfer type: Full transfer
Ashfield suburb information
A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
37 years
Population
23,012
Listing ID: 181702125. This listing has been viewed 34 times. It was first displayed on 15/06/2023 and last updated on 22/02/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.