Watch Watch
Your home of Development Ready videos
Watch Watch
All Videos
Back
Sold Check
Back to results
Properties / Sold / New South Wales / Erskineville
Save
Share
Sold

12 Albert Street, ERSKINEVILLE, NSW 2043

+5 Photos
/
Images
Close

12 Albert Street, ERSKINEVILLE, NSW 2043

Erskineville

12 Albert Street, ERSKINEVILLE, NSW 2043
×
Sold Check
+7 Photos
/

12 Albert Street, ERSKINEVILLE, NSW 2043

Erskineville

SOLD
12 Albert Street, ERSKINEVILLE, NSW 2043

12 Albert Street, ERSKINEVILLE, NSW 2043

Properties / Sold / New South Wales / Erskineville
Development Approved
Property Type
Residential
Land Area
449 m² (*approx)
Selling Method
Auction: via Public Auction at 10.30am, Tue 24 Apr'18
Show All

DA Approved Boarding House

Savills are excited to offer 12 Albert Street, Erskineville to the market by way of auction.

This superby located development site provides a golden opportunity for developers, builders and savvy investors to take advantage of this rare DA approved boarding house, with an existing 5 bedroom house.

This unique development site creates an outstanding opportunity for the following reasons:

- DA Approved for 18 large boarding house rooms

- 3 train stations within 400m

- Existing well-presented 5 bedroom house with rental income

- Potential to modify current DA approval to increase number of rooms** (FSR 1.14 vs maximum allowable 1.5:1 after bonus 0.5 for boarding house)

- Cheap build - add-on and additions / no basement or lift

Construction certificate imminent

- Potential income once built: $400,000pa*

- Depreciation allowance once built: $62,500pa*

- Highly sought after suburb showing low vacancy rates and strong rental returns

- Easy walking distance to King Street shops, cafes & eateries

- Perfectly situated next door to Green Bans Park in a leafy pocket of Erskineville village

- Close proximity to RPA Hospital, Sydney University, UTS, Sydney Airport & CBD

*Approx.

** STCA

The property will be sold via public auction on Tuesday 24 April 2018 at 10:30am at:

Auction Works

Mezzanine Level

50 Margaret Street

Sydney NSW 2000

Please contact the exclusive selling agents for more information.

Remember to mention you found this property on DevelopmentReady

Read More
Development Approved

Development Site Summary

Property Type
Residential
Land Area
449 m² (*approx)
Selling method
Auction: via Public Auction at 10.30am, Tue 24 Apr'18

Development Site Highlights

DA Approved Boarding House

Savills are excited to offer 12 Albert Street, Erskineville to the market by way of auction.

This superby located development site provides a golden opportunity for developers, builders and savvy investors to take advantage of this rare DA approved boarding house, with an existing 5 bedroom house.

This unique development site creates an outstanding opportunity for the following reasons:

- DA Approved for 18 large boarding house rooms

- 3 train stations within 400m

- Existing well-presented 5 bedroom house with rental income

- Potential to modify current DA approval to increase number of rooms** (FSR 1.14 vs maximum allowable 1.5:1 after bonus 0.5 for boarding house)

- Cheap build - add-on and additions / no basement or lift

Construction certificate imminent

- Potential income once built: $400,000pa*

- Depreciation allowance once built: $62,500pa*

- Highly sought after suburb showing low vacancy rates and strong rental returns

- Easy walking distance to King Street shops, cafes & eateries

- Perfectly situated next door to Green Bans Park in a leafy pocket of Erskineville village

- Close proximity to RPA Hospital, Sydney University, UTS, Sydney Airport & CBD

*Approx.

** STCA

The property will be sold via public auction on Tuesday 24 April 2018 at 10:30am at:

Auction Works

Mezzanine Level

50 Margaret Street

Sydney NSW 2000

Please contact the exclusive selling agents for more information.

Remember to mention you found this property on DevelopmentReady

Read More
Development Approved
David Hickey
David Hickey
+61 *** *** *** show +61 423 923 003
David Hickey
David Hickey
+61 *** *** *** show +61 423 923 003

Finance Calculator

12 Albert Street, ERSKINEVILLE, NSW 2043

Secure/no obligation

Step 1

Loan Variables

Adjust the inputs to explore your indicative finance options.

You can adjust the inputs below by tapping ‘Adjust Variable Inputs’.

Estimated Purchase Price: $x,xxx,xxx
What you intend to pay for the property
Your Contribution: $x,xxx,xxx
The amount you’re investing
LVR: $x,xxx,xxx
Loan to Value Ratio

Estimated Purchase Price:*

What you intend to pay for the property

$

Your Contribution:

The amount you’re investing

Min: 0% - Max: 90% of purchase price.

$

LVR:

Loan to Value Ratio

Min: 10% - Max: 100% of purchase price.

%

Loan Analysis

Estimated Purchase Price:
Your expected purchase price. Final lender valuation may differ and will affect LVR and borrowing.
$x,xxx,xxx
Your Contribution:
Your funds toward the purchase (savings/equity/gift). Does not include costs like duty, legals or LMI.
$xxx,xxx
Loan to Value Ratio:
Calculated as Loan ÷ Price. Guidance only. Lender policy caps vary by property type, location and borrower profile.
xx%
Loan Amount:
Estimated loan based on your inputs. Excludes fees, LMI and costs. Subject to credit assessment and valuation.
in full report
Interest Only: Monthly Repayments
Estimate using interest-only at 5.85% p.a. Excludes fees. Rates can change without notice.
in full report
Principal & Interest: Monthly Repayments
Estimate at 5.85% p.a. over 15 years, monthly compounding. Excludes fees/LMI. Rates may change.
in full report
Stamp Duty: new south wales
Indicative rate for new south wales. Concessions/exemptions (e.g., first home) may apply and change the amount.
in full report
Stamp Duty Cost:
Estimate only. Check SRO new south wales for the latest rules and any concessions that may reduce this figure.
in full report

Property Location

One moment please.

Retrieving map...

12 Albert Street, ERSKINEVILLE, NSW 2043 Erskineville
Savills NSW
Savills NSW
Level 25, Governor Phillip Tower 1 Farrer PlaceSydney, NSW 2000
View Agency Profile
Savills - Sydney CBD
Savills - Sydney CBD
Level 25, Governor Phillip Tower 1 Farrer Place Sydney, NSW 2000
View Agency Profile
David Hickey
David Hickey
+61 *** *** *** show +61 423 923 003