Prime Investment Opportunity - Over $2000 Per Week Rental Return | 1.6km to Bankstown CBD

7 Norman Street, Condell Park, 2200

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Contact for PriceFor Sale
  • Ownership Type House
  • Property Area 550 sqft
  • Bedrooms 9
  • Bathrooms 3
  • Furnished No
  • Last Updated 3rd Sep, 2024

Amenities

Feature that provides comfort, convenience, or pleasure
  • Open Spaces: 1
  • Air Conditioning
  • Built-in Wardrobes
  • Floorboards
  • Toilets: 4

Property Overview

Seize a rare chance to secure a lucrative investment in Condell Park, just 1.6km from Bankstown Train Station which is in its transition phase forming part of the new "Sydney Metro Project". This impressive block benefits from a 30m frontage and features three street fronting separate income-generating dwellings:<br/><br/>• Main House: A spacious 5-bedroom residence, currently appraised at $1,000 per week. Enjoy modern comforts with 2 brand new bathrooms, a resurfaced kitchen, brand new flooring across the ground and first floor, high ceilings throughout and a spacious, private yard.<br/>• Two-Bedroom Granny Flat: Newly constructed and generating $600 per week, offering its own driveway and separately metered.<br/>• One-bedroom Studio: Newly constructed and generating $450 per week, also separately metered.<br/><br/>Each dwelling is independently metered, offering clear and manageable income streams. This property presents a unique investment opportunity in a sought-after location with an excellent rental yield of over 5%, well exceeding the Sydney Metropolitan average of 2.7%.<br/><br/>The numbers speak for themselves, this is one of the only homes in Canterbury Bankstown that can offer three separate dwellings on one lot, all council-approved. <br/><br/>Located within close proximity to great local schools, a Vietnamese shopping precinct, Bankstown University of Western Sydney and places of worship, this opportunity is rare and attractive to larger families and savvy investors.<br/><br/>For further information, Contact Andreas Kartsioulis | 0410 306 882 or Johnny Nguyen | 0499 411 178

Location on Google Map

7 Norman Street, Condell Park, 2200

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