399 Parramatta RoadLeichhardt NSW 2040
Property Details for 399 Parramatta Rd, Leichhardt
399 Parramatta Rd, Leichhardt is a 0 bedroom, 0 bathroom House. The property has a land size of 114m2 and floor size of 120m2. While the property is not currently for sale or for rent, it was last sold in August 2024.
Last Listing description (October 2024)
An excellent opportunity to acquire this two-level mixed building fully leased to two separate tenancies. Strategically located on Parramatta Road next to the busy Norton Street intersection, the property benefits from incredible exposure to vehicular and foot traffic 7 days a week in this popular Inner West suburb.
Key Features:
> Fantastic opportunity for investors, owner occupiers with future development upside (as part of NSW Government's Parramatta Road Corridor Urban Transformation Strategy)
> Strategically located on Parramatta Road, right next to the intersection of Norton Street, Leichhardt in Sydney's 'Little Italy'
> Secure rental income from two separate tenancies, returning $53,820 per annum (ex. GST)
> Rear lane access via Renwick Lane
> Off-street parking for 1 vehicle
> Land area 114sqm approx.
> The property is surrounded by popular neighbours: Norton's pub, Moretti pizzeria, Norton Plaza , Australia Post, Leichhardt Town Hall and Palace Cinemas
> Close proximity to ample street parking, council parking bays, bus stops, Leichhardt North light rail and Petersham train station
*All amounts, areas and distances are approximate
Auction Details:
For Sale by Auction on Tuesday, 27th August 2024
In Rooms & Online, 50 Margaret Street, Sydney NSW 2000
Property History for 399 Parramatta Rd, Leichhardt, NSW 2040
- 23 Aug 2024Sold for $1,050,000
- 29 Jul 2024Listed for Sale Auction: Tuesday, 27th August 2024
- 07 Apr 2020Listed for Rent $360 / week
Recent sales nearby
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About Leichhardt 2040
The size of Leichhardt is approximately 2.6 square kilometres. It has 16 parks covering nearly 6.6% of total area. The population of Leichhardt in 2016 was 14625 people. By 2021 the population was 15158 showing a population growth of 3.6% in the area during that time. The predominant age group in Leichhardt is 30-39 years. Households in Leichhardt are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Leichhardt work in a professional occupation.In 2021, 57.90% of the homes in Leichhardt were owner-occupied compared with 57.60% in 2016.
Leichhardt has 9,029 properties. Over the last 5 years, Houses in Leichhardt have seen a 43.72% increase in median value, while Units have seen a 25.75% increase. As at 31 December 2025:
- The median value for Houses in Leichhardt is $2,257,081 while the median value for Units is $1,148,877.
- Houses have a median rent of $910 while Units have a median rent of $750.
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