SOLD

$700,000 - Killara, Ku-ring-gai, NSW

bed2 shower1 directions_car 1 resize83 m2Apartment
This property is shown for informational purposes only as a recommended fit for PublicSquare’s Rent-to-Own and Rent-to-Sell solutions. PublicSquare is not the sales agent and has no affiliation with the vendor or listing agent.
Available

Location (approximate)

About approximate addresses

Investment Opportunity

<p>Welcome to a remarkable investment opportunity located in the heart of Killara, Ku-ring-gai, NSW. This exemplary property is part of the 'Glenburn Gardens', a boutique, low-rise development that promises not only a serene lifestyle but also strong capital growth potential. Perfectly positioned for convenience, this property is a short walk from Killara Station and close to elite schools, supermarket conveniences, and more, presenting a balanced mix of accessibility and tranquility.<br><br><a href="#read-more" id="show-more" class="read-toggle">Read More</a></p> <div id="hidden-content" class="hidden" aria-hidden="true"> <p>This top floor stunner features two bright bedrooms and a well-appointed bathroom, creating a low-maintenance, high-value proposition. With a spacious 83 sqm living area plus a 12 sqm covered car space, it wraps around the north side of the block, allowing a flood of natural light to fill the interiors. Investors will appreciate the thoughtful design, including a modern gas kitchen that’s not just generous in size but also intelligently crafted with an integrated laundry.</p> <ul> <li>Placed away from the road, solid full brick block</li> <li>Windows on three sides fill the interiors with light</li> <li>Freestanding on the north side, spacious balcony</li> <li>Divine leafy green outlook, floorboards</li> <li>Cloak cupboard, open plan living and dining room</li> <li>The stylish modern gas kitchen enjoys the views and boasts an integrated laundry</li> <li>Two bright bedrooms both with floor to ceiling BIRS</li> <li>Central large bathroom with tub, covered car space</li> <li>Within the Killara High School and Killara Public School catchment zones</li> <li>Close to many north shore elite schools</li> <li>Approx. 10 mins walk to Killara Station</li> <li>Unit size approx. 83 sqm + 12 sqm covered car space</li> <li>Strata rate $1,647 pq</li> </ul> <p>Additional benefits include being nestled in a natural area known for its <a href="https://www.publicsquare.com.au/investors/products/rent-to-sell-homes">Rent-to-Sell</a> model, enhancing flexibility and financial returns. Whether you're a first-time investor or building your portfolio, this property's location and features promote ease of managerial effort, fostering potential high returns. Seize this chance to become part of an ever-growing suburb with ongoing demand. If you're interested in a property that offers more than just a place to live, register your interest in this property today.&nbsp<a href="#read-less" id="show-less" class="read-toggle hidden" aria-hidden="true">Read Less</a></div>

Property Data

**Property Profile Report: Killara, NSW 2071**
*Author: CoreLogic*

- The property at 9/692 Pacific Highway, Killara, NSW 2071 is a unit built in 1969, with 2 bedrooms, 1 bathroom, and 1 parking space, covering 74m².
- Estimated value is $710,000, with a range of $652,000 to $765,000, though confidence in this estimate is low.
- Listed for sale with a price range of $625,000 - $650,000.
- Recent sales include a similar unit at 12/692 Pacific Highway sold for $745,000 and another at 31/497-507 Pacific Highway sold for $811,800.
- The property is in a desirable area with proximity to schools, including Killara Public School and Ravenswood School for Girls.
- The median unit value in Killara is $1,136,647, with a 3.40% increase over the past year.
- Median weekly asking rent for units is $800, with a gross rental yield of 3.61%.
- The median vendor discount in the area is 3.20%, indicating properties are sold slightly below the initial listing price.
*Data summarized from RP Data, CoreLogic

Suburb Data

**suburb_profile_report-Killara-NSW-2071-250523140138087.pdf**

- Significant population growth of 14% from 2011 to 2016 indicates increasing housing demand.
- High percentage of owner-occupied homes (74.3% in 2016) suggests a stable residential community.
- Median house price of $4,050,000 and upper quartile price of $5,630,000 reflect a premium market with high-end investment potential.
- Proximity to Sydney's GPO (12 km) offers convenience for city professionals.
- Substantial green space with 28 parks covering 20.3% of the area enhances appeal for families and outdoor enthusiasts.
- Strong rental demand with median asking rent for houses at $1,450 per week and units at $850 per week.
- Indicative gross rental yield for houses is 2.2% and for units is 3.7%, offering competitive returns.
- Diverse rental market with prices ranging from $750 to $1,900 per week for houses and $60 to $1,050 per week for units, catering to different budgets.
- Positive change in median value over time for both houses and units indicates growth potential.
*Data summarized from RP Data, CoreLogic

Rent-To-Sell Calculator

Finance Options

When you buy a property through PublicSquare, you can use any broker or lender of your choice. However, it's always good to get a second opinion. PublicSquare Lending work with all major bank, and non-bank, lenders, specialising in investor mortgages for brand new properties.

Investor Resources

For access to additional resources such as property and suburb reports, please register your interest in this property or speak with a publicSquare team member.

Why PublicSquare?

🎉 Rent-to-Sell

PublicSquare's flagship Rent-to-Sell initiative offers you 50% more weekly cashflow, plus guaranteed annual capital appreciation for up to eight full years. The Rent-to-Sell initiative is exclusive to PublicSquare and cannot be found via any other platform.

Get more out of your investment property

Phone icon
BOOK FREE INFO SESSION