12 Railway Place, Sydney, NSW, Australia is in a residential area. This property has a land size of about 350 m². It offers 3 bedrooms, 2 bathrooms, and 1 parking space. The location is well-served by public transport and near local landmarks. For inquiries, call 02 9999 9999.
The real estate value of 12 Railway Place has seen significant growth over the years. The suburb’s appeal lies in its mix of residential and commercial spaces, attracting both families and investors. Recent market trends indicate that properties in Marrickville have appreciated steadily, attributed to infrastructural developments and enhanced public amenities.
Historically, Marrickville has transformed from an industrial area to a sought-after residential locale. The history of 12 Railway Place reflects this broader narrative. This transition has fueled demand for housing and commercial opportunities, making the real estate market particularly dynamic.
As we delve deeper into the property specifics, it is essential to consider recent sales data. Understanding these figures provides insight into the current market scenario. It reveals the investment potential of 12 Railway Place within the broader real estate landscape of Marrickville.
Where is 12 Railway Place Located in Sydney, NSW?
12 Railway Place is located in the suburb of North Sydney, New South Wales, Australia. It sits near the North Sydney train station, providing easy access to public transport. The area features a mix of residential and commercial spaces, contributing to its vibrant community.
What Major Landmarks Are Near 12 Railway Place?
12 Railway Place is located in Footscray, Victoria, Australia. It is a site surrounded by several notable landmarks and institutions.
- Footscray Park
- Maribyrnong River
- Central Footscray Station
- Footscray Market
- Footscray Community Arts Centre
The landmarks near 12 Railway Place enrich the local culture and community life. Here are detailed explanations for each landmark.
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Footscray Park: Footscray Park is a prominent recreational area characterized by beautiful gardens, walking paths, and sports facilities. This park is popular among locals and visitors for outdoor activities and community events. Its large green spaces offer a tranquil environment within the urban setting. According to the City of Maribyrnong, Footscray Park features over 200 species of trees and various native plants. This makes it a vital habitat for local wildlife and enhances the area’s biodiversity.
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Maribyrnong River: The Maribyrnong River flows near 12 Railway Place, providing scenic views and opportunities for water-based activities. It is known for its walking and cycling trails along the riverbank. This location encourages outdoor recreation and offers a natural retreat for residents. In 2021, the Maribyrnong River was recognized for its environmental significance, with ongoing conservation efforts aimed at preserving its ecosystem.
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Central Footscray Station: Central Footscray Station serves as a vital transportation hub in the area. It connects residents to Melbourne’s extensive public transport network, facilitating easy commuting. The station supports local businesses by increasing foot traffic in the vicinity. According to the Department of Transport, over 6,000 passengers use Central Footscray Station daily. This accessibility enhances the area’s appeal for workers and students alike.
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Footscray Market: Footscray Market is a vibrant marketplace offering fresh produce, specialty foods, and various cultural goods. This location is a social and cultural hub for the community, showcasing the diversity of local cuisines. The market has operated since 1926, making it a historic landmark in the area. Visitors can experience a wide range of international foods, reflecting the multicultural makeup of Footscray.
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Footscray Community Arts Centre: Footscray Community Arts Centre promotes artistic expression and cultural engagement within the community. It hosts various programs, workshops, and exhibitions showcasing local artists. The center also serves as a venue for performances and community events. Research by the Australia Council for the Arts indicates that engagement with community arts boosts local economies and fosters community pride.
These landmarks collectively contribute to the vibrancy and charm of the area surrounding 12 Railway Place, making it a desirable location for both residents and visitors.
What Is the Historical Background of 12 Railway Place?
12 Railway Place is a significant historical site located in the suburb of Ashfield in Sydney, New South Wales, Australia. It refers to a former railway station building that played a vital role in the development of the surrounding area, particularly in the context of transportation and urban growth.
The New South Wales Government’s Transport for NSW defines railway stations as “public facilities that allow for the boarding and alighting of passengers on trains.” This definition underscores the station’s importance in connecting communities and facilitating transportation.
12 Railway Place served as a junction for various train lines, contributing to increased accessibility. The construction of the railway in the late 19th century spurred residential and commercial development in Ashfield, attracting population growth and commerce.
Additional authoritative sources, such as the Australian Railway Historical Society, highlight that these stations often reflect both architectural styles of their time and the socio-economic conditions surrounding their establishment.
The rise of the railway was influenced by the Industrial Revolution, which increased demand for efficient transportation for goods and people. Urbanization led to the establishment of more residential areas near railway services.
According to the Bureau of Transport Statistics, over 400 million passenger journeys occur annually on Sydney’s rail network, revealing the ongoing significance of railways in urban life.
The presence of railway stations like 12 Railway Place significantly affects urban planning. They promote greater connectivity and influence property values in surrounding regions.
Impacts include increased economic activity, social interaction, and improved access to education and jobs. Higher property values often surround such transport hubs, benefiting local economies.
To maintain and enhance these benefits, organizations like the NSW Department of Planning advocate for sustainable transport policies. These include integrating public transport with urban development plans.
Strategies to address the challenges include promoting public transport use, investing in infrastructure improvements, and encouraging mixed-use developments near transport hubs. Implementing smart transit solutions can further enhance local accessibility.
What Types of Properties Are Available at 12 Railway Place?
12 Railway Place offers a range of properties including residential apartments, commercial spaces, and retail outlets.
- Types of properties available at 12 Railway Place:
– Residential apartments
– Commercial office spaces
– Retail shopfronts
– Mixed-use developments
The diversity in property types creates various opportunities for investment and living arrangements.
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Residential Apartments:
Residential apartments at 12 Railway Place feature modern design and amenities. They cater to individuals and families looking for urban living. These apartments typically include features like open-plan living spaces, balconies, and communal facilities. Examples include two-bedroom units designed for small families or professionals, providing both convenience and comfort. -
Commercial Office Spaces:
Commercial office spaces are designed to accommodate businesses of varying sizes. They often come fully fitted with essential infrastructure, such as high-speed internet and conference rooms. For instance, companies may find suitable environments for startups or established firms. These spaces support a productive work atmosphere with accessibility to transportation and services. -
Retail Shopfronts:
Retail shopfronts at 12 Railway Place provide opportunities for businesses seeking visibility and foot traffic. These properties are positioned strategically to attract customers. Small to medium-sized enterprises often thrive in such environments, allowing for ample exposure and sales opportunities. Various retailers, from cafes to fashion boutiques, can benefit from a central location. -
Mixed-use Developments:
Mixed-use developments combine residential, commercial, and retail elements within a single complex. This design fosters a vibrant community and enhances convenience for residents and businesses alike. These properties promote a live-work-play environment, appealing to those who appreciate integrated living spaces. Examples include developments that merge apartments with office spaces and shops, offering comprehensive lifestyle solutions.
How Has the Real Estate Market for 12 Railway Place Evolved Over Time?
The real estate market for 12 Railway Place has evolved significantly over time. Initially, this location exhibited modest property values, influenced by the overall economic conditions of the area. As infrastructure developments occurred and the demand for residential and commercial spaces increased, property values began to rise.
In recent years, urban renewal projects have further enhanced the appeal of 12 Railway Place. These initiatives have attracted both investors and new residents, leading to a competitive market atmosphere. The influx of amenities, improved public transport options, and a vibrant community environment have contributed to higher property demand.
Data from recent sales indicate a notable appreciation in property prices. This trend reflects both local market dynamics and broader economic factors. Overall, the real estate market for 12 Railway Place has transitioned from a stable to a dynamic and appreciating landscape, driven by development and increased demand.
What Local Amenities and Services Does 12 Railway Place Offer?
12 Railway Place offers a range of local amenities and services that enhance the living experience for residents.
- Nearby public transport options
- Local grocery stores and markets
- Parks and recreational facilities
- Schools and educational institutions
- Healthcare services
- Cafés and dining establishments
- Fitness centers and gyms
- Community centers
These amenities and services cater to the diverse needs of the community, reflecting various perspectives on urban living and accessibility.
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Nearby Public Transport Options: Nearby public transport options enhance connectivity for residents of 12 Railway Place. Accessible train and bus services facilitate commuting to various parts of Sydney. Studies show that public transport accessibility can boost local property values by up to 15% (Pivo, 2020). Residents can benefit from reduced travel time and transportation costs.
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Local Grocery Stores and Markets: Local grocery stores and markets provide essential shopping options. Residents enjoy convenience with fresh produce and everyday items nearby. This local accessibility can improve community cohesion and support local businesses, contributing to the economic vitality of the area.
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Parks and Recreational Facilities: Parks and recreational facilities are crucial for leisure and relaxation. These spaces promote physical health and community engagement. Research indicates that access to green spaces can improve overall well-being (Maas et al., 2006). Residents have opportunities for outdoor activities and social interactions.
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Schools and Educational Institutions: Schools and educational institutions enhance the area’s appeal for families. Quality education options can influence home-buying decisions. Access to reputable schools can lead to improved educational outcomes for children, further benefiting the community.
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Healthcare Services: Healthcare services are vital for community well-being. Proximity to hospitals, clinics, and pharmacies ensures that residents have access to necessary medical care. Studies indicate that communities with better healthcare access experience improved public health outcomes (Robert Wood Johnson Foundation, 2017).
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Cafés and Dining Establishments: Cafés and dining establishments provide social gathering spaces. These venues enhance community interaction and contribute to the local economy. Diverse dining options can attract residents and visitors alike, fostering a vibrant local culture.
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Fitness Centers and Gyms: Fitness centers and gyms support an active lifestyle for residents. Access to fitness facilities can lead to healthier living choices and reduce healthcare costs for individuals. The presence of such amenities is often a significant factor for health-conscious buyers when selecting a home.
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Community Centers: Community centers serve as hubs for social activities and programs. They promote engagement and inclusivity, offering resources and events that enrich community life. Such spaces can provide educational programs, recreational activities, and services tailored to varied demographics.
These amenities and services collectively paint a picture of a vibrant, accessible community at 12 Railway Place, catering to a diverse range of lifestyles and preferences.
What Transportation Options Are Available Near 12 Railway Place?
The transportation options available near 12 Railway Place in Sydney, NSW, Australia, include various public and private services.
- Trains
- Buses
- Light Rail
- Taxis
- Rideshare Services
- Bicycle Facilities
- Walking Paths
These transportation options provide diverse ways to navigate the area and address common travel needs. Some views suggest that public transit options are inadequate during peak hours, while others appreciate the convenience of rideshare services.
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Trains:
Trains serve as a primary mode of transportation near 12 Railway Place. The nearby railway station connects commuters to Sydney’s extensive rail network. According to Transport for New South Wales, trains operate frequently, providing reliable transport throughout the day. This option is ideal for those traveling to various parts of Sydney or making connections to other regional destinations. -
Buses:
Buses complement the rail system by offering extensive coverage around 12 Railway Place. Multiple bus routes pass through the area, facilitating easy access to local neighborhoods and popular destinations. The NSW Government provides information on bus schedules, ensuring that commuters can plan their journeys effectively. Buses are particularly valuable for short trips or for reaching less accessible areas. -
Light Rail:
Light rail services are also available, enhancing connectivity between 12 Railway Place and surrounding urban centers. The light rail network emphasizes eco-friendly transportation and reduces traffic congestion in the area. This mode appeals to both residents and visitors who desire convenient access to cultural hubs and entertainment districts. -
Taxis:
Taxi services offer an immediate transportation option for those desiring direct and flexible travel. Numerous taxi companies operate in the vicinity, allowing hailing on the street or booking via phone. Taxis can be particularly advantageous during late hours when public transport options may be limited. -
Rideshare Services:
Rideshare platforms such as Uber and Lyft provide on-demand transportation solutions near 12 Railway Place. These services cater to various preferences, including shared rides for cost-effectiveness. The rise of rideshare services has transformed how people travel, providing convenience and often faster access to their destinations. -
Bicycle Facilities:
The area features bicycle lanes and facilities, promoting cycling as a sustainable transportation choice. Bicycles help reduce road congestion and environmental impact. Various bike-sharing options in Sydney make it easy for residents and visitors to utilize this form of transit. -
Walking Paths:
Walking routes surrounding 12 Railway Place encourage pedestrian traffic. The area’s design includes accessible paths that connect key destinations. Walking promotes health and wellness while also being friendly to the environment.
In summary, the transportation options near 12 Railway Place ensure comprehensive access to public and private services, catering to a wide range of commuting needs.
How Does 12 Railway Place Compare to Other Areas in Sydney in Terms of Real Estate?
12 Railway Place compares favorably to other areas in Sydney in terms of real estate value and market trends. This location benefits from its proximity to public transport and essential amenities. Properties here often attract buyers looking for convenience and urban accessibility.
The average property prices in 12 Railway Place tend to be lower than in prestigious areas like Sydney CBD or Surry Hills. However, prices may be higher than in more suburban neighborhoods. The rental market also shows strong demand due to the area’s desirable features.
Investment potential exists in 12 Railway Place, as regeneration projects and infrastructure improvements strengthen the appeal. The community atmosphere adds an extra layer of attraction for both homeowners and investors.
Overall, 12 Railway Place stands out as a competitive option within Sydney’s real estate landscape. Its balance of affordability, accessibility, and growth potential makes it an appealing area for various buyers.
What Future Developments Could Impact 12 Railway Place and Its Surroundings?
Future developments could significantly affect 12 Railway Place and its surrounding area in Sydney, NSW, Australia. These impacts could arise from urban planning changes, infrastructure projects, environmental considerations, and economic trends.
- Urban Development Projects
- Transportation Upgrades
- Environmental Regulations
- Economic Growth Initiatives
- Technological Advancements
The interplay between these future developments and their potential implications warrants a closer examination.
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Urban Development Projects:
Urban development projects focus on the planning and construction of residential, commercial, and public spaces. Such projects can lead to population increases, changes to land use, and enhancements in local amenities. For example, the NSW government has launched initiatives aimed at revitalizing city centers and increasing housing density. According to a report by the City of Sydney (2022), proposed developments near 12 Railway Place might include new residential complexes that could reshape the local demographic landscape. -
Transportation Upgrades:
Transportation upgrades aim to improve accessibility and connectivity. Developments may include new train lines, bus routes, or bike lanes. The Sydney Transport Strategy 2040 emphasizes improved public transit options that better serve densely populated areas. These upgrades could enhance the appeal of 12 Railway Place as a desirable location for residents and businesses. A study by the Transport for New South Wales (2021) noted that improved transport links result in increased property values nearby. -
Environmental Regulations:
Environmental regulations are policies designed to protect natural resources and promote sustainability. New laws may affect construction practices, green spaces, and pollution controls around 12 Railway Place. The NSW Environment Protection Authority (2023) has proposed stricter regulations on emissions, which could impact local industries. Changes in regulations can influence investment decisions and local business operations. -
Economic Growth Initiatives:
Economic growth initiatives help stimulate job creation and improve local economies. Programs that foster business development near 12 Railway Place could contribute to job opportunities and economic resilience. According to the Australian Bureau of Statistics (2022), strategic government investments in urban areas have historically resulted in localized economic growth, which can benefit the surrounding community. -
Technological Advancements:
Technological advancements encompass innovations that may disrupt traditional practices. Smart technology in urban planning includes digital infrastructure that improves efficiency and connectivity. For instance, the City of Sydney’s Smart City Strategy (2021) promotes integrating technology for better urban management. These developments may lead to enhanced public services and quality of life in neighborhoods surrounding Railway Place.
In summary, various future developments have the potential to shape 12 Railway Place and its environment, reflecting a multi-faceted approach to urban growth and community well-being.
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