18 Morgan StreetPetersham NSW 2049
Property Details for 18 Morgan St, Petersham
18 Morgan St, Petersham is a 3 bedroom, 0 bathroom House. The property has a land size of 521m2. While the property is not currently for sale or for rent, it was last sold in August 2023.
Last Listing description (August 2023)
D'Ettorre Real Estate is delighted to present a unique opportunity to the market. This property is a licensed class 3 boarding house, approved for 9 rooms and 22 occupants. Ideally positioned on a corner block, it boasts a generous 521sqm land size. The property retains its original condition and offers immense potential for value addition, leading to a substantial increase in current yields.
Property overview:
The property has two separate dwellings
Current income approximately $75,920 per annum
Opportunity to renovate and increase tariffs or totally redevelop to increase rooms and bathrooms S.T.C.A or change use as a grand home or redevelopment project S.T.C.A
Land size 521 sqm
Zoned R2 Low Density Residential
Height: 9.5m, FSR: 0.6:1
The property enjoys a sunny north facing aspect with dual street access with its convenient corner position via Napier Street.
It is only a short stroll to New Canterbury Road with its variety of famed Portuguese eateries, cafes and transport. Petersham is located 6 kilometres south-west of the Sydney CBD.
Inspections by private appointment or as advertised.
Inspection 12:00pm - 12:30pm Saturday 12th August
Property History for 18 Morgan St, Petersham, NSW 2049
- 31 Aug 2023Sold for $2,200,000
- 29 May 2023Listed for Sale For Sale - $2,400,000
- 26 Feb 2008Listed for Sale 1300000
Recent sales nearby
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About Petersham 2049
The size of Petersham is approximately 1.3 square kilometres. There are 6 parks, covering nearly 5.5% of the total area. The population of Petersham in 2016 was 8116 people. By 2021 the population was 8200 showing a population growth of 1.0% in the area during that time. The predominant age group in Petersham is 30-39 years. Households in Petersham are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Petersham work in a professional occupation.In 2021, 47.70% of the homes in Petersham were owner-occupied compared with 47.30% in 2016.
Petersham has 5,110 properties. Over the last 5 years, Houses in Petersham have seen a 17.87% increase in median value, while Units have seen a 18.66% increase. As at 31 May 2026:
- The median value for Houses in Petersham is $2,230,577 while the median value for Units is $885,811.
- Houses have a median rent of $990 while Units have a median rent of $650.
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