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Address

88b First Avenue, Belfield, NSW 2191

Investment Strategy

Knockdown Rebuild

Development Timeline

19/04/2023
Property Purchased
$1,400,000
25/03/2024
Property Sold
$3,431,000
See what it looks like today

Rental Insights

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Source: stashproperty.com.au

Development Stats

2024

Year of Development

341

days held

$2

Gross Profit

About the Property

88B FIRST AVENUE, BELFIELD
Lucky 88 | Brand New Designer Build with the Ultimate Blend of Sophistication & Luxury

Prestigiously secluded down a long fairy-tale driveway with a gated entrance, immerse into this brand-new luxury family masterpiece sitting on an impressive block. Illustrating an exemplary, architectural design which elegantly achieves a focus on bright, open spaces with family harmony including unbridled living and entertaining. With every element radiating luxury, from the refined fixtures to bespoke finishes and contemporary comforts spread across two delicately designed levels. Unlock this superb address and capture the essence of modern living, elevated with premium finishes and features.

ESSENTIALS & INCLUSIONS:

– Majestic state of the art fa├žade framed with elegant stone features beyond a grand entrance off a long-gated driveway lined with gorgeous greenery
– Be captivated upon entering an exquisite ground level revealing seamless open plan living and dining gliding over stylish herringbone flooring and featuring an ambient gas fireplace, stunning high tray ceilings with a light and airy aura
-Sleek and stylish kitchen with marble benchtops, feature window splashback, natural gas cooking, sleek cabinetry and ample storage space brightened by a stylish chandelier
– Effortless flow to the exotic outdoors with resort style character flaunting the perfect alfresco adorned with a wet bar and barbecue, overlooking immaculate grassed lawn and a sparkling swimming pool with water feature where the sunny days are to be enjoyed
– Main house with five commodious bedrooms upon plush carpets, five with enviable built in wardrobes, two with admirable walk in robes
– Colossal master suite opulently appointed with a luxury walk in robe and lavish ensuite with his and hers vanity
– Three palatial bathrooms in main house, opulent from the onset with matte black fixtures and LED mirrors
– Automatic double garage with internal access
– Integrated self-contained granny flat with private side entrance and option for dedicated parking spot. The space made up 2 full size bedrooms, full bathroom and ample entertaining space with the bonus of being separately metered
– Quality inclusions: Ducted air conditioning, intercom, downlighting, internal laundry, storage space, gas appliances and heating, direct back access to the popular Rudd Park and more

LIFESTYLE & EDUCATION:

– Short walk to Belfield Village shops and a myriad of popular eateries, restaurants and essential amenities
– Close selection of local public and private elite schools
– An array of parklands including Eccles Reserve and Rudd Park
– Easy access to public transport links, with local bus stop footsteps from the property

From the realestate.com.au listing

Source: stashproperty.com.au

About the Suburb

Belfield, NSW 2191, with a population of 6555, offers a mix of age groups with a significant number of residents in the 5-19 years and 45-64 years ranges. The suburb has a high percentage of households owned. The median household income is $1,727 per week. The most common occupations include professionals, managers, and clerical and administrative workers. Commuting is mostly by motor vehicle and work from home is popular.

For property investors, Belfield presents opportunities in both houses and units. The suburb has a healthy market absorption rate for both House and Unit properties. House prices range from $1,000,000 to $3,026,000 with a median of $1,741,500, showing good growth potential. The sale price IQR suggests there is scope for renovation projects. Unit prices range from $500,000 to $1,300,000 with a median of $802,500, offering a higher rental yield compared to houses. There is high online search interest, indicating strong buyer demand.

Belfield, NSW 2191, with its diverse age demographics and strong income levels, is an attractive suburb for families and professionals. For investors, the suburb provides opportunities in both the housing and unit markets, with good growth potential and rental yields. The suburb’s high demand is evident through low vacancy rates, high online search interest, and a healthy market absorption rate.

Sources:
– proptechdata.com.au
– Australian Bureau of Statistics (ABS) Census 2021
– Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022

Suburb Median
Vacancy Rate
Sales Volume

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