161 First AvenueFive Dock NSW 2046
Property Details for 161 First Ave, Five Dock
161 First Ave, Five Dock is a 3 bedroom, 2 bathroom House with 5 parking spaces and was built in 1996. The property has a land size of 411m2 and floor size of 80m2. While the property is not currently for sale or for rent, it was last sold in December 2024.
Last Listing description (June 2026)
Positioned within one of the Inner West's most tightly held and rapidly transforming precincts, this substantial freehold opportunity presents immediate holding income with clear long-term redevelopment potential (STCA), underpinned by the arrival of the Five Dock Metro and ongoing precinct densification.
Occupying a prominent 411sqm parcel, the property is currently configured as a fully operational medical centre, providing an immediate income stream and a highly functional layout for continued commercial use, professional suites, or future conversion to residential accommodation (STCA).
This is a strategic holding in a suburb where freehold land is increasingly scarce, and repositioning opportunities of this nature are tightly controlled by planning and availability.
Just 400m from the future Five Dock Metro Station, the asset is exceptionally well placed to benefit from significant infrastructure-driven capital uplift, while maintaining strong interim utility.
Key Investment Highlights:
411sqm (approx.) freehold landholding in tightly held Inner West precinct
Existing medical centre configuration providing immediate income potential
Flexible use: medical, professional offices, or residential conversion (STCA)
Strong holding income while planning future repositioning
400m (approx.) to future Five Dock Metro Station
Positioned within evolving mixed-use growth corridor
Close to village retail, cafs, parks, and waterfront reserves
High-demand location with limited freehold availability
Opportunities of this calibre in Five Dock are rarely offered to market and are typically secured for long-term strategic holding.
Private inspections and detailed information memorandum available on request.
Property History for 161 First Ave, Five Dock, NSW 2046
- 20 Jun 2026Sold
- 01 May 2026Listed for Sale Sold Raine & Horne Five Dock | Drummoyne
- 24 Dec 2024Sold for $1,700,000
Recent sales nearby
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About Five Dock 2046
The size of Five Dock is approximately 2.4 square kilometres. There are 12 parks, covering nearly 16.4% of the total area. The population of Five Dock in 2016 was 9356 people. By 2021 the population was 9823 showing a population growth of 5.0% in the area during that time. The predominant age group in Five Dock is 30-39 years. Households in Five Dock are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Five Dock work in a professional occupation.In 2021, 60.60% of the homes in Five Dock were owner-occupied compared with 62.60% in 2016.
Five Dock has 5,339 properties. Over the last 5 years, Houses in Five Dock have seen a 31.31% increase in median value, while Units have seen a 21.10% increase. As at 31 May 2026:
- The median value for Houses in Five Dock is $2,837,588 while the median value for Units is $1,188,931.
- Houses have a median rent of $1,200 while Units have a median rent of $800.
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