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Overview
Enviably located just moments from central Merrylands, this residential block of six apartments offers an unmissable opportunity for investors to capitalise on. The property is conveniently situated within walking distance to Stockland Merrylands shopping centre, Merrylands Station, local schools, and a variety of dining options.
- The property generates a solid rental return of $169,520 per annum, presenting a strong income stream for investors.
- It is a well-maintained property commanding a prominent corner block position.
- The block comprises a choice of apartments including four two-bedroom residences and two three-bedroom homes, each featuring multiple balconies.
- The building includes a total of six bathrooms and six garages, providing ample facilities for residents.
- The property is zoned for Merrylands East Public School and Merrylands High School, with proximity to Merrylands Public School and several childcare centres.
- Residents benefit from being steps away from Merrylands Bowling Club, local bus services, and parks.
- It is conveniently located near Pitt Street and Merrylands Road's lifestyle amenities.
- Easy driving access is available to Parramatta CBD and Cumberland Highway, enhancing connectivity.
This investment opportunity offers a combination of location, solid rental income, and a well-configured residential block, making it an attractive prospect for investors seeking to expand their portfolio in a thriving suburb.
Local Market Insights
In Merrylands, Quiet Listings observed 6 new apartments entering the market over the last 30 days, down from 7 during the previous 30-day period, with an average advertised asking price of $535,000. The property type mix of listed properties is predominantly Houses at 62%, followed by apartments (19%), and units (16%). The most active agency for apartments in the Merrylands area is currently Ray White, representing 33% of new listings, followed by TAG RE | REAL ESTATE with 17%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Change History
| Headline | When |
|---|---|
| $3,400,000 | |
| $3,450,000 | |
| Auction |
Location
Market Insights for Merrylands NSW 2160
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