2/64 Sherwood Ave, Chelsea is a 3 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1970. The property has a land size of 440m2 and floor size of 94m2. While the property is not currently for sale or for rent, it was last sold in May 2024.
Expressions of Interest: Monday 6th May at 5:00pm unless sold prior
Situated on over 1,000 sqm in one of the best pockets in Chelsea this rare investment or development opportunity is not to be missed. The site has previously approved plans and permits for four units and currently includes two stand alone homes which can be updated and renovated or provide an investment return whilst you prepare for your development project.
Chelsea has a proven track record with development and strong resales down the track. Capitalize on the wide street frontage and deep block to build two, three or up to four units on this large allotment of land (STCA).
The size of Chelsea is approximately 2.6 square kilometres. There are 6 parks, covering nearly 13.8% of the total area. The population of Chelsea in 2016 was 7773 people. By 2021 the population was 8347 showing a population growth of 7.4% in the area during that time. The predominant age group in Chelsea is 30-39 years. Households in Chelsea are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Chelsea work in a professional occupation.In 2021, 65.10% of the homes in Chelsea were owner-occupied compared with 63.20% in 2016.
Chelsea has 5,082 properties. Over the last 5 years, Houses in Chelsea have seen a 0.86% increase in median value, while Units have seen a 6.84% increase. As at 30 June 2026:
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