Back 394 Bourke Street
Off Market

394 Bourke Street

Surry Hills NSW 2010

3
2
140 m²
House
Alex LumsdenAlex Lumsden, last sold this property on 20 October 2020 after 41 days on market.

Overview

An ideal investment and your own home canvas!

Savvy investors and dream home dreamers - listen to this because it offers the best of both worlds. This property comes fully equipped with a spacious living area and incredibly large veranda, 2 kitchens, 2 bathrooms, 3 bedrooms, 2 floors and rear lane access and the option to add a car space - so it can be two homes in one. The options are pretty much endless, but here's some we thought of: - Live in one and rent the other - Renovate into a beautiful forever home - Keep the unrivalled $1195/week rental income until you're ready to move in - Or rent out both separately. It's currently leased until July 2021 at $1195 a week by professionals, offering instant reliable income and a high yield. The local area also has a low rental vacancy rate of 1.9%, capital growth is at 15%, 51% of the local demographic are renters and 58% are between ages 20 and 40. No matter how you look at it, these numbers all check out. Or, if you're looking for your own piece of Sydney to claim, remember, you can change absolutely anything you want about a property except the location! It doesn't get any more flexible than this, really. Forget everything you think you know about Surry Hills - here is the smart buy you've been looking for. Let's make it happen with Lumsden. For sale by Openn Negotiation (flexible conditions auction conducted online). The Openn Negotiation is underway and the property can sell at any time. Contact the sales agent immediately to become qualified and avoid disappointment. NOTE: Please do not attend the open home if you are experiencing any flu like symptoms. We will provide masks and hand sanitiser to be used during all open homes, we have a maximum of 35 people allowed at once in the property and we ask that you please practice social distancing during your time with us. Thank you.

Features

3 bedrooms
2 bathrooms
140 m² lot size
House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Surry Hills over the last 12 months, the estimated median property value of 394 Bourke Street is $2.6m.

Median value
$2.6m
Estimated value range
$1.61m - $4.65m
Median days on market
24
Estimated value trend
5%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Surry Hills. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 394 Bourke Street

2024
Rented
Undisclosed
Leased on 26 Jul 2024 by Lifestyle Property Agency
2024
Rented
Undisclosed
Leased on 14 Jun 2024 by Lifestyle Property Agency
2023
Rented
Undisclosed
Leased on 04 Aug 2023 by Lifestyle Property Agency

Happy sellers in Surry Hills

83%
83% of sellers in Surry Hills reported that their sale price either exceeded or met their price expectations.

Surry Hills stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 65 reviews in Surry Hills over the last 12 months.

Local market activity for 3 bedroom houses in Surry Hills

In the last 12 months, 48 three-bedroom houses similar to 394 Bourke Street, have been sold.

This represents a 15% decrease in three-bedroom houses sales when compared to the previous 12 months.

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