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1-7/905 Chenery Street, Glenroy, NSW 2640 For Sale
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1-7/905 Chenery Street, Glenroy, NSW 2640

$2.2M | $139,620 ANNUAL RENTAL INCOME | 7-UNITS

Block Of Units
Type
12
Bedrooms
7
Bathrooms
7
Parkings
1,012 m²
Area

Published on Friday, October 09, 2026 ( See property details for 1-7/905 Chenery Street, Glenroy, NSW 2640)

$2.2M | $139,620 ANNUAL RENTAL INCOME | 7-UNITS

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile seven-unit residential investment offering strong rental income, scenic views, and future reconfiguration potential in Glenroy.

🏡 Property Highlights

  • Diversified seven-unit residential investment with strong rental growth potential
  • Private courtyards for each unit and scenic upstairs balconies
  • Projected annual rental income of $139,620 with scheduled increases
  • Potential to reconfigure units for higher rental returns (STCA)
  • Attractive gross yield of approximately 6.35% at the asking price
  • Prime location in Glenroy with significant investment opportunity

✨ Key Features

  • Built-in Robes
  • Outdoor Area
  • Balcony
  • Open-Plan Living
  • Waterfront / Views
  • Security Screens / Gates
  • Fly Screens
  • NBN / High-Speed Ready
  • Extra Storage (Shed/Linen)
  • Fully fenced

Glenroy is a vibrant suburb offering excellent amenities, convenient transport links, and strong rental demand. It features a mix of residential and commercial developments, making it ideal for investors. The area boasts scenic views, community facilities, and easy access to local services. With ongoing growth and development, Glenroy presents a promising opportunity for long-term property investment.

What is the current occupancy status of the units?
The units are currently leased with a mix of fixed-term and periodic tenancies, providing immediate rental income.
Are there any planning or zoning restrictions for reconfiguring units?
Reconfiguration of Units 5 and 6 into one-bedroom apartments is possible subject to council approval and relevant regulatory requirements.
What are the ongoing costs associated with the property?
Annual council rates are approximately $2,930.38, and water rates are around $1,028. Expenses such as maintenance, management fees, and vacancy periods are not included in the gross yield calculation.
Is there potential for future rental increases beyond scheduled ones?
Yes, rental increases are scheduled, and further increases may be possible depending on market conditions and tenancy agreements.
What are the key features that make this property attractive to tenants?
Each unit has private courtyards, scenic balconies, and a versatile mix of one and two-bedroom layouts, appealing to a broad tenant base.
Are there any existing or planned developments nearby that could impact the property's value or rental appeal? Have all necessary approvals been obtained for the current configuration and any potential reconfigurations? Are there any known structural issues, defects, or upcoming maintenance requirements? What are the specific zoning regulations and easements affecting the property? Is the property located in a flood or bushfire-prone area, and what are the associated risks? Are there any strata or body corporate fees or restrictions applicable to this property? Is there any ongoing or upcoming construction activity in the vicinity that could affect tenants or value? What are the noise levels and neighbour relations like in the area? Are there any restrictions on pet ownership or other tenant restrictions? What are the long-term growth prospects and market trends in Glenroy that could influence this investment?

1-7/905 Chenery Street, Glenroy, NSW 2640 - More Details

$2.2M | $139,620 ANNUAL RENTAL INCOME | 7-UNITS

Presenting an outstanding opportunity to secure a block of seven units at 905 Chenery Street, Glenroy, offering investors a diversified residential investment with significant rental growth already scheduled across the portfolio.

Comprising five two-bedroom units and two one-bedroom units, the property offers a versatile mix of accommodation, with every unit enjoying its own private courtyard. The upstairs units also feature private balconies with scenic views, adding further appeal for tenants.

With rental increases scheduled across multiple units, investors can take advantage of the existing tenancy arrangements while benefiting from a projected combined annual rental income of $139,620 per annum once all specified rental increases take effect.

UNIT-BY-UNIT RENTAL BREAKDOWN:

• Unit 1 - Two Bedrooms
Current rent: $295 per week
Scheduled rent: $395 per week from May 2027
Lease: Periodic


• Unit 2 - Two Bedrooms
Current rent: $310 per week
Scheduled rent: $395 per week from April 2027
Lease expiry: 9 April 2028


• Unit 3 - Two Bedrooms
Current rent: $280 per week
Scheduled rent: $395 per week from May 2027
Lease expiry: August 2027


• Unit 4 - One Bedroom
Current rent: $250 per week
Scheduled rent: $355 per week from December 2026
Lease expiry: October 2027


• Unit 4A - One Bedroom
Current rent: $355 per week
Lease expiry: August 2027


• Unit 5 - Two Bedrooms
Current rent: $395 per week
Lease: Month-to-month
Potential to make it 1 bedder each to achieve more rent (STCA)


• Unit 6 - Two Bedrooms
Current rent: $300 per week
Scheduled rent: $395 per week from January 2027
Lease: Month-to-month
Potential to make it 1 bedder each to achieve more rent (STCA)


INVESTMENT HIGHLIGHTS

• Seven residential units on one title or holding (subject to title confirmation)
• Five two-bedroom units and two one-bedroom units
• Private courtyards for every unit
• Private upstairs balconies with scenic views
• Existing rental income with scheduled increases across multiple units
• A mix of fixed-term and periodic tenancies
• Attractive opportunity for investors seeking a multi-unit residential asset
• Potential to strengthen rental returns over time, subject to market conditions and tenancy arrangements
• Council rates: $2930.38 pa
• Water rates: $1028 pa

THE OPPORTUNITY

Offered at $2,200,000, this is an opportunity to acquire a substantial multi-unit investment with a projected annual rental return of $139,620, representing an indicative gross yield of approximately 6.35% at the asking price.

The gross annual rental income could potentially increase to $176,540 per annum by reconfiguring Units 5 and 6 into one-bedroom apartments, subject to council approval and the relevant regulatory requirements.

A compelling addition to any investment portfolio, combining multiple income streams, tenant appeal and future rental growth potential.

Enquire today to arrange an inspection and explore the potential of this seven-unit investment.

DISCLAIMER: All rental figures, proposed increases, lease details and projected returns are subject to verification. Rental increases are subject to applicable tenancy legislation and the relevant agreements. Gross yield is indicative and excludes expenses, vacancy, maintenance, management fees and other ownership costs.
Type
Block Of Units
Bedrooms
12
Bathrooms
7
Parkings
7
Area
1,012 m²

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