Last Asking Price - $3,619,048-$3,980,952
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48 Fort Street, Petersham NSW 2049

Block size: 660 m² approx.
Can I afford this property?



First time on the market in over 54 years! A once in a lifetime opportunity to secure a large 660sqm parcel of land in this desirable & sought after location.
Currently the property is used as a boarding house.

Property features are:

Land Size: approx. 660sqm.
Vehicular Access to property
Building Size approx. 325-375 sqm
17 Rooms. 5 self-contained single rooms with shower and toilet; 5 double room (rented as singles) & 7 single room.
13 rooms currently rented. 1 used as an office. 3 vacant.
No shared facilities (living or cooking)
Individual Electricity Meters to each room. - All tenants pay their own electricity on a quarter usage.
Weekly Rental ranges from $180pw - $220pw.
Last Rental Review was conducted in 2013. Rents have risen when tenancies have turned over. However longer term tenancies have not been reviewed since 2013.
Scope for rental increases.
Council Rates approx. $5,000 pa
Water Rates: approx. $4200 pa
Land Tax Exempt
Last Fire Certificate: August 2020
No Heritage Order on title
Annual Income: approx. $161,000 pa
Potential Annual Income with increase rents approx: $188,000 pa.
Tenanted by long-term tenants, 75% of current tenants have been at the residence for over 12 months. Many have tenure between 1 & 10 years
All boarding house leases expire on the 30th June 2021

Ideally located in the heart of Petersham, this hidden treasure is just moments from the local pool, park and ever growing shopping village. Taverners Hill light rail stop and a choice of city buses are within easy reach, as are the Taverners Hill Infants, Petersham Public School and Fort Street High.

Naomi Travers - 0418 659795
Andrew Gray - 0488 913 018


No open inspections scheduled.

Send an enquiry

Contact Naomi Travers to learn more about this property, request an inspection or take an online tour.

Key details

Property Type:House
Plan Type:DP
Block Size:660 *
*These are approximate values based on available information.
Traversgray Real Estate

Maps and area information

Block information
Block size: 660 (approx)
Legal description: 42/515049
Block Map
Measurements are estimates only and based on data provided under licence from © PSMA Australia 2022.
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A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
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

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Property History
13 May 2022
Traversgray Real Estate
Listed: 17/02/2022
Transfer type: Full transfer

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About Petersham

Pymble and Petersham records smashed by who’s who of cashed-up buyers
Median sales
Median Sale Price For Petersham
Average Age
36 years
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Contact agents

Traversgray Real Estate

Traversgray Real Estate

View agency details
Naomi TraversTraversgray Real Estate
Andrew GrayTraversgray Real Estate
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Listing ID: 180369569. This listing has been viewed 24 times. It was first displayed on 17/02/2022 and last updated on 13/05/2022.