8-10 Prospect Rd, Summer Hill is a 18 bedroom, 10 bathroom House with 10 parking spaces and was built in 1972. The property has a land size of 1113m2 and floor size of 72m2. While the property is not currently for sale or for rent, it was last sold in May 2024.
Strathfield Partners are pleased to offer 8-10 Prospect Road Summer Hill to the market for sale via Auction.
This offering represents an exciting opportunity for developers or investors to acquire a prime parcel of land with ten (10) units in the heart of Summer Hill.
The property consists of:
* 8 x 2-bedroom units
* 2 x 1-bedroom units
* 10 x lock up garages
* All units have 1-bathroom, internal laundry and balconies
* Site area 1,113 m Approx.
* Height of building: 8.5m
* Zoned R2 Low Density Residential
The property is fully leased being of solid brick construction with a few units refurbished and recently updated. Situated in the desirable catchment area of Summer Hill Public School and near Trinity Grammar, this property offers easy access to buses, CBD transport, parks, and the fantastic dining and shopping options in the village.
This blue-chip investment is positioned in the most desirable location benefits from significant value adding proposition through re-negotiations of rents, and/or future redevelopment upside (STCA).
The size of Summer Hill is approximately 1.2 square kilometres. There are 12 parks, covering nearly 4.6% of the total area. The population of Summer Hill in 2016 was 7311 people. By 2021 the population was 7288 showing a population decline of 0.3% in the area during that time. The predominant age group in Summer Hill is 30-39 years. Households in Summer Hill are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Summer Hill work in a professional occupation.In 2021, 48.70% of the homes in Summer Hill were owner-occupied compared with 45.60% in 2016.
Summer Hill has 4,365 properties. Over the last 5 years, Houses in Summer Hill have seen a 14.45% increase in median value, while Units have seen a 25.14% increase. As at 30 June 2026:
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