23 Elizabeth Street,
Granville, NSW 2142

• Corner block of land of 4,248sqm*
• Contemporary architectural design with spacious interiors
• Recently approved for 19 townhouses (10 two-bedroom and 9 three-bedroom)
• Short walk to the Granville Train Station
• Easy access for construction
• Strong housing demand location


Site Context

The site is almost rectangular in shape and reasonably level with a gentle fall from the north-west corner to the south-east. The site is approximately 650 meters (approximately 7 minute walk) from Granville Train Station and about 200 meters east of the Granville TAFE campus.
Spanning a site of 4,248sqm overlooking a reserve, this medium density residential development blends perfectly into its scenic neighbourhood. Developers will find that the quality of the design is exceptional; each townhouse’s size is large and with reasonable construction costs and high energy efficiency together with the abundant amenity and excellent location, the development attributes will attract high demand from home buyers and retain long-term renters by choice, ensuring developers steady cash flow and capital value appreciation

Location Highlights

Granville lies within Sydney’s central west corridor, well serviced by public transport links and within one of the most populated areas in Australia. Being approximately 22kms south-west of Sydney CBD, Granville is surrounded by the smaller suburbs of Merrylands, Clyde, Auburn and Parramatta and remains one of Sydney’s major metropolitan hubs.

According to Residex, the residential house market in Granville (postal area 2142) experienced capital growth of 7.52% over the year to December 2010. The median weekly rent for a three bedroom house was $410 and a two bedroom apartment rented for $380 per week.

Demographic Summary

Drawing comparison from the Sydney Metropolitan Area region where possible, the suburb of Granville (the locality) captured the following demographic profile:
- Growth projection for the total population from 2009 to 2014 is estimated at 1.56% per annum for the locality; higher than the forecast across the region at 1.09%
- A higher proportion of total population in 2009 were aged '20 - 24 years'
- Median age was 30.4 years; when compared to the region at 34.8 years
- Dominate family type for the locality was 'Families Other'; this was a significantly higher proportion than the region
- The average number of people per private household was 2.9 in the locality; where the region averaged 2.7 persons
- Number of dwellings 'owned or being purchased' was 49.0% in the locality compared to those in the region (at 65.0%)


For Sale by public auction - NEW AUCTION DATE
Date: Thursday 9th June 2011 at 10:30am
Venue: Level 3, 115 Pitt Street, Sydney