Looking for a lucrative investment opportunity? Look no further! This property offers a solid low maintenance investment with an impressive rental return of $1240 per week. Whether it's your first property or a valuable addition to your investment portfolio, seize this chance now!
Here's what this amazing property has to offer;
Unit 1: A spacious 3 bedroom flat that rents for $600 per week Unit 2: A cozy bedsitter, perfect for tenants, currently generating $280 per week Unit 3: A comfortable 1 bedroom flat commanding a rental income of $360 per week (solid government tenant).
Conveniently situated in a prime location, this property provides easy access to nearby schools and is only a short 5 minute drive (approx.) away from a major shopping centre, restaurants, movie theatres, medical facilities and super store district.
Set on an elevated block, this property offers a pleasant outlook. With a generous land size of approximately 624m2, there's even potential for a second dwelling or granny flat at the rear (Subject to Council Approval), providing an additional income stream.
Lake Illawarra is less than 4 minutes away (approx.), while Port Kembla beach is a mere 10 minute drive (approx.), making it an added attraction for prospective tenants.
Don't miss out on this fantastic investment opportunity! Come and see for yourself what this property has to offer. Located in the highly convenient Illawarra area, it's a solid choice for astute investors.
This property is an excellent proposition that deserves your consideration. Secure your financial future today!
Inspections
No open inspections scheduled.
Send an enquiry
Contact Rob Gansl to learn more about this property, request an inspection or take an online tour.
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A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.
Enrolment areas for ACT public schools.
What's nearby
Lake Heights Public SchoolPrimary School
0.4km
Warrawong High SchoolHigh School
1.1km
Illawarra Regional Hospital Kembla CampusHospital
0.9km
Stockland Shellharbour Shopping CentreMajor Shopping Centre
8.8km
Edmund Rice CollegeCollege
7.8km
Post OfficePost Office
2.8km
Property history
You don't need a time machine, we've built one for you. Research this property's past sales on the timeline below.
18 Dec 2012
Sold
$315,000
Contract: 26/10/2012
Transfer: 18/12/2012
Block size: 613m²
Transfer type: Full transfer
Purpose: Residence
Lake Heights suburb information
A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
38 years
Population
4,105
Listing ID: 181715932. This listing has been viewed 87 times. It was first displayed on 21/06/2023 and last updated on 29/04/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.