172-184 Great Western Highway, Westmead, NSW 2145 | Property Value & History | OnTheHouse
OFF MARKET

172-184 Great Western Highway
Westmead NSW 2145

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Land area: 4042m2
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Property Details for 172-184 Great Western Hwy, Westmead

172-184 Great Western Hwy, Westmead is a 2 bedroom, 2 bathroom House with 1 parking spaces. The property has a land size of 4042m2. While the property is not currently for sale or for rent, it was last sold in May 2022.

Building Type
House
Land Size
4042m2
Local Government
Cumberland
Lot/Plan
88/DP1218505

Last Listing description (May 2022)

CBRE, as the exclusive selling agent, on behalf of 'Daniel Walley and Martin Ford of PwC Australia as Receivers and Managers of West 88 Pty Ltd', is pleased to present a fantastic trophy investment opportunity in the heart of Western Sydney.

The property comprises the following:


- Six level residential apartment building with 2 levels of basement parking
- 109 residential units with the following mix: 18 x 1 Bed, 73 x 2 Bed, 18 x 3 Bed.

This significant income generating asset provides the ability to strata subdivide and sell off, reposition rents and value add.

172-184 & 188 Great Western Highway, Westmead benefits from the following key attributes:

- Total of 109 Torrens Title 1-, 2- and 3-bedroom residential apartments
- Generating a current gross rental income of $2,236,260* Per Annum
- Potential for strata subdivision and sell down of individual units
- Value add potential for repositioning of rental in line with market and or increase through NDIS SDA accommodation
- 29 units (approx 26% of total units) have been allocated for NDIS SDA accommodation with 26 assessed units
- Land Area: 172-184 Great Western Highway - 4,042sqm* & 188 Great Western Highway - 617sqm*
- Desirable Location proximity to Westmead Hospital, Westmead Health Precinct, Future Charter Hall Innovation Quarter, Westmead Train Station, Future Westmead Metro Station, Parramatta CBD, Westfield Shopping Centre Parramatta, Western Sydney University
- Easy Access to M4 Motorway Eastbound & Westbound
- Bus T-way on the doorstep providing access to Parramatta CBD, and future Westmead light rail station & metro station just moments away


172-184 & 188 Great Western Highway, Westmead will be made available for sale by way of Expressions of Interest closing Thursday 31 March 2022 at 3:00pm

Inspections to be held by appointment as per COVID-19 Greater Sydney restriction requirements. Please enquire directly with the exclusive agents to arrange a private viewing.

For more information or to request access to the due diligence room, please contact the exclusive selling agents.

*Approx.

Disclaimer: The vendor reserves the right to sell 172-184 Great Western Highway, Westmead excluding 188 Great Western Highway, Westmead if it chooses to do so.

Property History for 172-184 Great Western Hwy, Westmead, NSW 2145

A timeline of how this property has performed in the market
Last Sold
$39,502,091
06 May 2022
Listed for Rent
$425/w
23 Jul 2021
  • 06 May 2022
    Sold for $39,502,091
  • 24 Feb 2022
    Listed for Sale Contact Agent
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About Westmead 2145

The size of Westmead is approximately 2.9 square kilometres. There are 17 parks, covering nearly 5.4% of the total area. The population of Westmead in 2016 was 16309 people. By 2021 the population was 16555 showing a population growth of 1.5% in the area during that time. The predominant age group in Westmead is 30-39 years. Households in Westmead are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Westmead work in a professional occupation.In 2021, 28.90% of the homes in Westmead were owner-occupied compared with 31.50% in 2016.

Westmead has 8,446 properties. Over the last 5 years, Houses in Westmead have seen a 13.07% increase in median value, while Units have seen a 10.82% increase. As at 31 July 2026:

  • The median value for Houses in Westmead is $1,651,005 while the median value for Units is $606,835.
  • Houses have a median rent of $705 while Units have a median rent of $640.
There are currently 55 properties listed for sale, and 48 properties listed for rent in Westmead on OnTheHouse. According to Cotality's data, 361 properties were sold in the past 12 months in Westmead.

Suburb Insights for Westmead 2145

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.