How Can Houses for Sale in Middleton Grange Represent a Wise Financial Investment?
To a considerable extent, the harmony of your family environment will be dictated by the characteristics of the property you reside in. Do you live in a house that no longer boasts the right square footage for your loved one’s growing space demands? Did your children grow up, require their own private space for daily activities or have you recently started considering investing in a new space that will act as a separate office, for work-related tasks? In that case, you will have a couple of options at your disposal.
The most obvious choice, for your space constraints should be to consider the expansion of your already existing property. An ADU, in this regard could be a wise financial investment that, in the long run, will expand on both your main property’s real-estate value while also potentially bring you a supplementary rental income that will contribute to your family’s wellbeing. But not everyone has the luxury to live on a lot that permits the construction of an ADU.
Do you reside in a flat, or is your land lot smaller than the minimum 450 square meters necessary to build a granny flat with a CDC? In such a case, your space requirements will probably only be fulfilled by moving into a dwelling situated a sufficient distance away from Sydney’s central districts. Looking at houses for sale in Middleton Grange, therefore, could be a wise idea, which, in the long term, could be synonymous with your family’s financial and social development. Suburbs like MG are characterised by their relaxed atmosphere, they are significantly less congested than districts like the CBD, and the properties here are more affordable than what’s usually available in Eastern Sydney.
Think of the Costs
Suburban houses often feature more square footage than what’s typically available with properties situated in the city’s most central districts. It makes sense after all, the further east you go into Sydney, the more densely packed the neighbourhoods start to get. Middleton Grange, in this regard, is one of the newest suburbs west of Sydney’s CBD, officially being created in 2005 and acting as home to only 7,000 people.
Do you want to live in an environment that is away from the bustle and hustle of the city, and that also features modern dwellings, listed for a price below the market average? In such a case, a suburb like MG should not be missing from your considerations. When it comes to square footage, Australian dwellings are considered the biggest in the world. That said, the median size of Aussie properties is propped up by the houses available near metropolitan suburbs.
If we analyse the average size of the apartments or houses listed for sale or rent in Sydney’s or Melbourne’s central districts, we will notice a gradual but substantial decrease in square footage that, surprisingly, doesn’t align with a reduction in property prices. In Sydney’s most central neighbourhoods, newly-built houses are getting smaller while their price are going up. That’s not, however, the case with dwellings available in suburbs like Green Valley or MG.
A Longer Commute, but a Better Parking Situation
The available extra space associated with newly-built houses for sale in Middleton Grange is also visible when it comes to parking accessibility. In Sydney’s central districts, parking is often a problem, as traffic is more congested and available parking spots are few and far between. Most likely, if you live near the CDD, your car’s parking spot is reserved, and you need to pay extra for it.
In suburbs, however, houses most often come with garages or separate driveways, which pretty much eliminates parking difficulties. But, let’s say you don’t drive and instead you prefer to use Sydney’s transportation network for your daily commute. Wouldn’t suburbs be at a disadvantage in a scenario like this? Well, not really. Let’s say your office is situated in Liverpool, NSW. The connection between your workplace and your property in MG will be possible through the 853-bus line via Hoxton Park Road.
At the same time, MG is served by the 855, 861 and the T80 bus routes. Yes, MG is not connected to Greater Sydney’s metropolitan train network, but it is relatively close to Liverpool’s train station, which makes it possible to access the T2 line, offering connections to Sydney’s central districts. Plus, there are plans in place to expand public transport accessibility in MG, via projects like the Elizabeth Hills Green Link, first proposed in 2017.
What Is Nearby?
When it comes to location, Middleton Grange is right at the intersection of Hinchinbrook, Austral, and West Hoxton, which means the houses for sale here are situated just one stone’s throw away from Kemps Creek and its many hiking trails. In terms of landmarks, MG is situated around 10km away from Liverpool’s Regional Museum and Family History Centre, while Western Sydney’s Parklands, one of the most widely accessible walking trail areas in NSW, is just a ten-minute drive away via Cowpasture Road.
Being a relatively new neighbourhood, MG is also home to a public school opened in 2009, it features the Thomas Hassall Anglican College, opened in 2000, and it has one of the most impressive Orthodox churches West of Sydney, in the form of the Saint Zaia Cathedral. As for home improvement stores, the Bunning Warehouse is situated just a five-minute drive away via Flynn Avenue, the Carnes Hill shopping mall is around 3.5 km away, and if you are looking for a local park, you can either visit the Cessna Reserve or the Genairco Park.
The houses for sale in MG are affordable, with a median listing price of less than $1.2 million. Plus, the rent is lower than in Sydney’s more central districts, and more importantly, the real estate market in this suburb has risen by no less than 10% in the last twelve months. Buying a property here could represent one of your wisest ideas, and more than likely, your investment, in a couple of years, will yield substantial returns.