PRDnationwide to host second
Big Backyard Sale What is the Big Backyard Sale? PRDnationwide’s Big Backyard Sales are unique events with a focus on selling properties with granny flat potential. A variety of properties are available at each sale with varying locations and price ranges. Buyers are able to attend in person or bid online (further details about participating in the sale can be found over the page).
Why host a Big Backyard Sale? We noticed at many of our recent sales that buyers, particularly investors, were getting very frustrated. They had the money but there was nothing to buy.
Taking place on: Sunday 12th July from 10am, at Granny Flats & Studio Showroom 152 Russell Street Emu Plains, 2750
Open for Inspection Times Properties will be available to view at the following times on Saturday 27th June, Saturday 4th July and Saturday 11th July. 10 Jipp Street, Penrith
11.30am- 12pm
25 Elizabeth Crescent, Kingswood
12-12.30pm
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Visit www.bigbackyardsale.com.au or call 1800 BUYING WW12215
PENRITH CBD
GREAT WESTERN HWY
KINGSWOOD TRAIN STATION
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CAMBRIDGE PARK
PENRITH TRAIN STATION
12 Worcester Rd, Cambridge Park to: • Railway station 1.3km • Nepean Hospital 1.9km • University campus UWS Nepean 2.4km 25 Elizabeth Crescent, Kingswood to: • Railway station 1.3km • Nepean Hospital 0.9km • University campus UWS Nepean 1.4km
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Purchasing at at the Big Backyard Sale also allows you to be certain that you have successfully secured the property without a messy negotiation period, ensuring you don’t miss out.
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The Big Backyard Sale offers our buyers greater choice, plus we’ve done all the hard work for you! Granny Flat Specialists, Ian Cubitt’s Home Improvement Services, have prepared a feasibility study for each property to ensure it is suitable for a granny flat addition.
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12 Worcester Road, Cambridge Park 12.30-1pm
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10 Jipp Street, Penrith to: • Railway station 2.3km • Penrith CBD 1.0km • Nepean Hospital 1.2km
Read on to find out what’s for sale
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CBD Fringe Location PENRITH 10 Jipp Street • This is it. Fantastic location - walk to town centre. The ideal investment opportunity. • Modest 3 bedroom home in excellent condition, set in a lovely tree lined street. • The block is over 500sqm with plenty of side access leading to a huge freestanding garage.
Auction Sunday 12th July 2015 from 10am Venue View
Granny Flat Showroom, 152 Russell Street, Emu Plains Saturday 11.30-12.00pm
PRDnationwide Penrith 1800 BUYING www.prd.net.au Darren Latty buying@prd.net.au
• Zoned residential R3 the objectives of this zone are to provide medium density residential as well as a number of other uses subject to approval.
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Located in an Investment Hub KINGSWOOD 25 Elizabeth Crescent • This brick veneer home offers a floorplan that can easily be converted to four bedrooms. • There are two large living spaces as well. • 645sqm rectangular block with massive building envelop and side access available for a granny flat development.
Auction Sunday 12th July 2015 from 10am Venue View
Granny Flat Showroom, 152 Russell Street, Emu Plains Saturday 12.00-12.30pm
PRDnationwide Penrith 1800 BUYING www.prd.net.au Daniel Latty buying@prd.net.au
• Currently owner occupied but located in a high demand rental area. • Potential rent is approx $400 per week. Potential granny flat rental is $350 per week.
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2B
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Fully Renovated Home with Potential
Auction Sunday 12th July 2015 from 10am Venue View
CAMBRIDGE PARK 12 Worcester Road • The renovation of this character laden home is impressive from every angle. High quality inclusion and decor throughout. • 664sqm of rectangular shape land with wide side access and plenty of potential. • Previously owner occupied, now tenanted with a long term tenant with a desire for a secure lease.
Granny Flat Showroom, 152 Russell Street, Emu Plains Saturday 12.30-1.00pm
PRDnationwide Penrith 1800 BUYING www.prd.net.au Daniel Latty buying@prd.net.au
• Current rent is $400 per week. Potential for granny flat rental is $350 per week.
Thanks to our technology partner, Bidsonline, we will be streaming a live broadcast of the entire event. Buyers who are not able to attend in person can legally register online and confidentially bid via this service. You can register to attend online at www.bigbackyardsale.prd.net.au
Watch online
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Bidding registration will begin at 10am with auctions to commence from 10.30, undertaken by Andrew Cooley from Cooley Auctions. For further information – whether you’d like to bid, buy or watch – please contact us by calling our free hotline, 1800 BUYING, or email buying@prd.net.au.
SUBURB
MEDIAN HOUSE VALUE
PAST 12 MONTHS GROWTH
AVERAGE RENT
HOUSE RENTAL YIELD
PENRITH
$490,000
20.1%
$400p/w
4.2%
KINGSWOOD
$489,000
19.3%
$380p/w
4.0%
CAMBRIDGE PARK
$450,000
8.4%
$420p/w
4.3%
Source: PRDnationwide Research Penrith Q2 Factsheet/Pricefinder
Key facts from prdnationwide research team >> Penrith average rental yields are estimated at 4.2% for houses and 4.8% for units – returns are relatively higher than the estimated rental yields for Sydney Metro Region. >> Local area population growth is predicted to increase at an annual average rate of 1.7%, which is well above the 1.2% NSW predicted growth rate.
>> $459M of new developments are slated for the first half of 2015 indicating sustainable future investments in the local area. >> Expansion of the Penrith Health and Education Precinct, and construction of the Western Sydney Airport and WestConnex Motorway are predicted to create 57,000 jobs for the area in the next 20 years.
The proposed plan has been prepared by and remains the property of Ian Cubbit’s Classic Home Improvements PTY LTD and is subject to copyright Law. It has been created using the information available at the time of preparation and is subject to change. Rental indications are provided by PRDnationwide to be used as a guide only, based on either current rentals or our opinion as to market rental value. WW12435
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