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Address

19 Lucy Street, Ashfield, NSW 2131

Investment Strategy

Renovator

Development Timeline

25/03/2023
Property Purchased
$1,325,000
27/03/2024
Property Sold
$1,870,000
See what it looks like today

Rental Insights

Unleash the true earning power of your property with Stash Property. Whether it’s capitalising on the flexibility of short-term platforms like Airbnb, securing stable income with long-term tenants, or maximizing space with individual room leases, Stash analyses every option to pinpoint the most lucrative path for your specific property. With Stash, maximising your potential yield is no longer a gamble, it’s a well-calculated strategy.

Source: stashproperty.com.au

Development Stats

2024

Year of Development

368

days held

545

Gross Profit

About the Property

The Feel : Nestled in the desirable suburb of Ashfield, this stunning residence presents an unparalleled opportunity to experience sophisticated living at its finest. Meticulously renovated with an unwavering commitment to quality and style, this home offers a seamless fusion of contemporary design and classic charm.

With a thoughtful layout designed to maximise space and functionality, this home offers endless possibilities for customisation and expansion. The generous floor plan includes two spacious bedrooms and a stylishly appointed bathroom, with ample room to accommodate a growing family or cater to your evolving lifestyle needs.

Enjoy the convenience and flexibility of rear lane access, providing the perfect opportunity to enhance your living experience with the addition of a Granny Flat, Double Garage, Studio, or Workshop in the expansive backyard. Whether you’re a car enthusiast, hobbyist, or simply seeking extra storage space, the possibilities are endless.

The Finish:
north-facing aspect
Rear-lane access
– Scope to add Double Garage/Granny Flat/Studio
ample land to further extent the home
Designer furniture is available with purchase
newly renovated with exquisite attention to detail
Herringbone flooring
Custom floor-to-ceiling built-in wardrobes in both bedrooms
State-of-the-art 16kW Daikin ducted air conditioning with 2 zones
gourmet kitchen with custom cabinetry and integrated appliances
integrated Integrated bosch fridge and dishwasher
Electrolux gas cooktop for effortless cooking
instant hot water system for added convenience
expansive outdoor entertainment area with undercover seating
cosy fire pit perfect for year-round enjoyment
a Vibrant lifestyle and enriched educational environment
Abundance of green spaces with Hammond Park just a stone’s throw away
convenient proximity to Ashfield Aquatic Centre
minutes to Ashfield Mall and a variety of dining options
seamless access to public transportation, including Croydon Train Station

A selection of reputable schools are nearby, such as Haberfield Public School, Ashfield Public School, Ashfield Boys High School, Burwood Girls High School, St Patrick’s Catholic Primary School, and St Vincent’s College.

From the realestate.com.au listing

Source: stashproperty.com.au

About the Suburb

Ashfield, NSW 2131 is a vibrant suburb with a diverse population of approximately 23,000 residents. The area has a mix of age groups, with a significant number of young adults aged between 20 to 34 years. The suburb offers good commuting options, with a large portion of residents using trains and motor vehicles for transportation. Additionally, a notable percentage of residents have the option to work from home. The suburb boasts a high ICSEA value, indicating a high level of educational advantage for students attending government schools in the area. The top three occupations include professionals, managers, and community and personal service workers.

Ashfield presents a strong investment opportunity, with a high median growth rate for both houses and units. The suburb has a relatively low vacancy rate, indicating a high demand for rental properties. The market absorption rate is also favourable, suggesting potential price appreciation. Investors may find opportunities for renovating properties, especially in the house segment where the Sale Price IQR Ratio is high. The suburb has a good mix of owned and rented properties, providing options for investors and developers. Online search interest is significant, reflecting strong buyer demand in the area.

Ashfield, NSW 2131 offers residents a dynamic lifestyle with good commuting options and educational advantages. For investors and developers, the suburb presents a promising opportunity with high growth potential, low vacancy rates, and a favourable market absorption rate. With a diverse demographic profile and strong buyer demand, Ashfield stands out as a solid choice for both homebuyers and property investors looking to capitalise on the suburb’s growth and demand.

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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