115 Malabar Street, Canley Vale, NSW 2166
Knock Down Rebuild (KDRB)
About the Property
115 MALABAR STREET, CANLEY VALE
Situated in one of Canley Vale’s most sought-after streets is this charming 3-bedroom fibro home, nestled on a perfectly rectangular and level 493m2 block of land.
This property enjoys a coveted location, surrounded by well-maintained homes, and offers convenient access to schools, shopping centers, public transportation, and all the essential amenities your family requires.
Here presents an exceptional opportunity for you to either move in and renovate, enhance and invest, or consider future redevelopment possibilities.
Key Features of the Property:
- An ideal parcel of land in a highly desirable area.
- Generous dimensions measuring 13.1m x 38.1m, totaling approximately 493m2**
- A well-maintained 3-bedroom residence.
- Combined living and dining spaces.
- Tastefully appointed bathroom, separate toilet, and an internal laundry.
- Potential for a granny flat, subject to council approval.
- Exceptional location within walking distance to shops, schools, and the train station.
From the realestate.com.au listing
About the Suburb
Overview: Canley Vale is a vibrant and diverse suburb located in the Greater Western Sydney region. With a population of approximately 10,300 residents and 3,360 dwellings, this suburb offers a rich tapestry of community life and real estate opportunities.
Residential Landscape: Canley Vale presents a mixed residential landscape with approximately 42% of residents being owner-occupiers, contributing to a sense of stability and pride in the neighborhood. The IQR % Median of 42% indicates a varied property price range, accommodating different budget preferences. The average time a property spends on the market (DOM) is 32 days, suggesting a moderately active real estate market.
Education Excellence: Education plays a significant role in Canley Vale, with an ICSEA School Score of 28, signifying the presence of quality educational institutions, making it an appealing destination for families.
Property Market: The median property price in Canley Vale stands at $1.11 million, indicating its status as a desirable residential area. The recent % growth of 0.7% reflects a stable and potentially growing real estate market. Rental properties in the suburb offer a yield of 3.2%, making it an attractive option for investors seeking rental income. With a vacancy rate of 0.9%, it’s evident that Canley Vale experiences consistent demand for rental properties.
Market Activity: While the specific value for Market Absorption is not provided, Canley Vale’s real estate landscape reflects a balance of supply and demand, offering opportunities for both homebuyers and investors.
Canley Vale is a community-driven suburb with a promising real estate outlook, making it a noteworthy destination for those seeking a vibrant and welcoming neighborhood.