Over the last year, property investments in Stanmore, 2048 have given investors a capital gain of -0.33%. This compares averagely with the 0.15% for NSW as a whole.
Stanmore,2048 has offered an average of -0.33% return per annum in house price rises to property investors over the last three years.
Situated 4.73km from the CBD, Stanmore is one of Inner West (A) localities in the postcode 2048.
Property value increases in Stanmore have tracked just higher than the NSW average of -0.92% over the last 12 months.
While Stanmore,2048 ranked number 204th in NSW for increase in median house value (annualised) increase, it is ranked 280th over the last 5 years.
Often selling an investment property can take time, and in Stanmore the average time real estate has been on the market is 35.2143 days.
Advertised rents are around the $500 mark per week – giving a return of 3.53% based on the median price in Suburb
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Sydney suburb Stanmore has been one of the hottest locations in the inner west, particularly for families looking for larger properties than may be available closer to the city.
Stanmore is characterised by wide tree lined streets and a high proportion of houses – over half of properties are freestanding or terraced houses. Blocks are also typically bigger than are found elsewhere in the inner west, and many properties are older character homes. Indeed, new buildings cannot be over three stories high and must retain a facade in keeping with the heritage of the suburb, adding a scarcity factor to properties in Stanmore.
Amenity-wise, residents are spoilt for choice. Stanmore itself has a wide range of shops and eateries clustered around the junction between Salisbury and Percival Road. It’s also just minutes from the lifestyle centre of Newtown and within easy reach of Leichhardt and Haberfield. There are several public and private schools, and the Royal Prince Alfred Hospital is in nearby Camperdown.
It hits all the buttons for investors seeking the best of all worlds for attracting tenants. Access to the CBD is provided by both regular rail and bus services, with a train journey to the CBD taking less than 15 minutes. The presence of the University of Sydney, the Chippendale UTS campus and the Royal Prince Alfred Hospital also make Stanmore a good option for university staff, medical staff and students. It has a very high percentage of professional residents, and the average weekly household income is significantly higher than the NSW average at over $2,100pw.
The proximity of the university means there’s scope to mitigate the holding cost pain by renting properties out as student accommodation. There may also be possibilities to subdivide, renovate or otherwise develop existing properties to manufacture growth.