60 Willington Street, Turrella
SydNest Score: 3.5/5
Location 4 | Price 3 | Condition 4 | Amenities 3 | Neighbourhood 3
This tastefully renovated four-bedroom, two-bathroom house features an open-plan living area, contemporary kitchen, and a large backyard. The double-brick home looks to be built around 1920.
Ideal for households with incomes from $235,000 to $340,000
The sales agent has not listed a guide, but made the listing appear above a search of $1.4 million, so I expect that to be the lower end of the guide.
Last sold December 2021 for $1.47 million and the valuation model suggests $1.6 million, with a maximum of $1.84 million. The vendor bought the house at the top of the market, but prices have moved since then. There’s a big (>10% discrepancy) between the valuation model and what I think is the lower end of the guide, so I expect the price guide to be increased pretty quickly.
At $1.8 million, a 20% deposit (at least $450,000 including stamp duty) could be affordable for those with household income of at least $280,000, probably down to $235,000 if it’s an investment.
If you have a 5% deposit (at least $180,000 including stamp duty), this unit could be attainable with household income of at least $340,000, probably down to $295,000 if it’s an investment.
Of course, these estimates are subject to so many things, which you can read about in my disclaimer.
What I love about Turrella
Close to public transport for easy commuting. It has its own station and is two stops from the Airport and a 20 minute trip into the city
Quiet, residential neighborhood with a community atmosphere.
Nearby parks and green spaces for outdoor activities.
Close to shops, cafes, and essential services.
Here's what the house offers
Four bedrooms with built-in wardrobes.
Two modern bathrooms.
Contemporary kitchen with stainless steel appliances.
Open-plan living and dining areas.
Large backyard with lawn and entertainment area.
Secure parking for two cars.
Keep in mind ongoing costs:
Council rates: Ask the agent
Water rates: Ask the agent
Rental potential: Valuation models are not accurate for this listing, but I assumed $1000 per week in my calculations. Vacancy rates and property management fees should be considered when evaluating potential investment income.
If you like it
Contact the agent for inspection times. Visit my website if you would like me to arrange your finance.