415 Sydney RoadBalgowlah NSW 2093
Property Details for 415 Sydney Rd, Balgowlah
415 Sydney Rd, Balgowlah is a 3 bedroom, 2 bathroom House with 3 parking spaces and was built in 1950. The property has a land size of 529m2 and floor size of 102m2. While the property is not currently for sale or for rent, it was last sold in November 2020.
Last Listing description (November 2020)
What could be more appealing than purchasing an income generating asset?
How about a property that generates no less than three incomes for you! This Triplex may be exactly what you are looking for.
Moving forward, it will be assets which yield high growth, generates income and include potential development upside which will be most appealing. 415 Sydney Road combines all these characteristics and is well placed to suit an investor and owner/occupier alike.
Made up of three residences the building offers a solid return on investment and includes the following apartment configurations:
- APARTMENT 1: 1 Bed | 1 Bath | 1 Car | loft
- APARTMENT 2: 1 Bed | 1 Bath | 1 Car | loft
- APARTMENT 3: 3 Bed | 2 Bath | 1 Car | New Kitchen, Carpet and Paint
While Unit 1 and Unit 2 are currently leased and generating good income, Unit 3 has been made vacant for the sales campaign and offers the flexibility for an investor to take advantage of current rental demand, and secure a high quality tenant, or an astute owner/occupier to move straight into the ground floor apartment and benefit from dual incomes from Unit 1 and Unit 2 simultaneously.
The level block includes a double lock-up garage with recently updated brand new roof. The property includes a separate laundry and dedicated storage rooms to allocate to tenants as needed.
The rear of the block is peaceful and completely drenched in sun and surrounded by mature greenery and fauna.
When it comes to location, 415 Sydney Road is unmatched. Stockland Village is located via 4 minutes stroll and includes the convenience of a huge Coles, and great Cafes and restaurants. And when it comes time to stretch your legs, dog-friendly North harbour Reserve and Forty Beans Cafe is situated nearby and provides great access to Manly Ferry and Manly Beach.
Income generating blue chip assets are so rare on the Northern Beaches, especially when located close to shops, restaurants, transport, and Manly. With Interest rates at an all-time low, and not looking to change any time soon, this may be the clever investment opportunity you have been waiting for.
Rare Amalgamation Opportunity:
While not being offered as a pair, 413 Sydney Road (next door) is being offered simultaneously to market. When combined with 415 Sydney Road the amalgamation makes a land holding of approximately 1,060 sqm.
Property History for 415 Sydney Rd, Balgowlah, NSW 2093
- 28 Nov 2020Sold for $3,250,000
- 06 Nov 2020Listed for Sale Contact Etch Agent
- 21 Sep 2020Listed for Rent $495 / week
Recent sales nearby
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0About Balgowlah 2093
The size of Balgowlah is approximately 1.9 square kilometres. There are 12 parks, covering nearly 13.0% of the total area. The population of Balgowlah in 2016 was 7961 people. By 2021 the population was 8068 showing a population growth of 1.3% in the area during that time. The predominant age group in Balgowlah is 40-49 years. Households in Balgowlah are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Balgowlah work in a professional occupation.In 2021, 66.90% of the homes in Balgowlah were owner-occupied compared with 65.80% in 2016.
Balgowlah has 4,354 properties. Over the last 5 years, Houses in Balgowlah have seen a 5.33% increase in median value, while Units have seen a 13.44% increase. As at 31 July 2026:
- The median value for Houses in Balgowlah is $3,420,951 while the median value for Units is $1,607,087.
- Houses have a median rent of $1,575 while Units have a median rent of $875.
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