175 Lake RoadElermore Vale NSW 2287
Property Details for 175 Lake Rd, Elermore Vale
175 Lake Rd, Elermore Vale is a 14 bedroom, 5 bathroom BlockOfUnits with 10 parking spaces. The property has a land size of 1480m2 and floor size of 596m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 14 bedroom BlockOfUnits sold in Elermore Vale in the last 12 months.
Last Listing description (September 2024)
Welcome to 175 Lake Road Elermore Vale, a unique and spacious residential development perfect for investors or syndicates looking for a well maintained low cost investment. This block of villa type units features 5 self contained dwellings consisting of 4 x 3 bedrooms plus 1 x 2 bedroom with their own lock-up garaging all on one title.
This unique opportunity is well maintained and is offered for sale for the first time spread across a generous land area of 1480 sqm providing a solid and consistent income stream currently returning $123,760.00 with future rental upside.
Purchase as is with the excellent returns or take advantage of the opportunity to further develop as strata title units, with total building areas of 596 sqm plus common private outdoor areas for each..
Located in a convenient and sought-after area, this property is sure to impress, close to shopping, schools and John Hunter Hospital with transport near by. . Don't miss out on the opportunity to make this property your own. Offered for sale by Expression of Interest Contact me today for further information.
Property History for 175 Lake Rd, Elermore Vale, NSW 2287
- 26 Sep 2024Sold
- 24 Sep 2024Sold
- 11 Aug 2024Listed for Sale Expressions of interest
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About Elermore Vale 2287
The size of Elermore Vale is approximately 4.8 square kilometres. It has 22 parks covering nearly 12% of total area. The population of Elermore Vale in 2011 was 5,186 people. By 2016 the population was 5,516 showing a population growth of 6.4% in the area during that time. The predominant age group in Elermore Vale is 0-9 years. Households in Elermore Vale are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Elermore Vale work in a professional occupation. In 2011, 69.5% of the homes in Elermore Vale were owner-occupied compared with 70.3% in 2016.
Elermore Vale has 2,816 properties. Over the last 5 years, Houses in Elermore Vale have seen a 68.40% increase in median value, while Units have seen a 65.02% increase. As at 30 September 2024:
- The median value for Houses in Elermore Vale is $844,132 while the median value for Units is $620,479.
- Houses have a median rent of $650 while Units have a median rent of $580.
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