OFF MARKET

3 Magnolia Parade
Lake Albert NSW 2650

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 124m2
Land area: 729m2
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Last updated 2 Sep 2024
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Property Details for 3 Magnolia Pde, Lake Albert

3 Magnolia Pde, Lake Albert is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 729m2 and floor size of 124m2. While the property is not currently for sale or for rent, it was last sold in September 2005.

Building Type
House
Floor Size
124m2
Land Size
729m2
Local Government
Wagga Wagga
Lot/Plan
56/DP792887

Last Listing description (August 2024)

Opportunity knocks for investors seeking a property with a rock-solid long-term lease. Nestled in a peaceful, family-friendly corner of Lake Albert, this well-looked after home boasts an array of features designed for comfortable living and investment security.

- Three generously sized bedrooms, each equipped with built-in wardrobes
- The well-appointed kitchen, complete with a dishwasher, is perfect for hassle-free meal preparation

- Two spacious living areas and a dedicated dining area offer ample room, ensuring a pleasant living experience.
- Three-way bathroom with a separate toilet adds a touch of practicality
- Year-round comfort is ensured with a gas wall heater and a split system cooling system
- All the amenities Lake Albert has to offer and then some
- Existing lease in place until 18/2/26, it guarantees a consistent $350 in weekly rental income over the next two years

Don't miss out on this opportunity to secure a property that offers not only space, comfort, and convenience but also the peace of mind of a long-term lease. Whether you're expanding your investment portfolio or seeking an attractive long-term addition to your assets, this Lake Albert treasure has it all.

Council Rates: $2,280.81 per annum

*All information contained herein is gathered from sources we believe to be reliable, however, we cannot guarantee its accuracy and interested persons should rely on their own enquiries.

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Property History for 3 Magnolia Pde, Lake Albert, NSW 2650

A timeline of how this property has performed in the market
Last Sold
$104,000
09 Sep 2005
Listed for Rent
$290/w
12 Jun 2015
  • 01 Nov 2023
    Listed for Sale $520,000 - $540,000
  • 12 Jun 2015
    Listed for Rent $290 / week
  • 12 Mar 2015
    Listed for Rent $290 / week
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About Lake Albert 2650

The size of Lake Albert is approximately 24.7 square kilometres. It has 10 parks covering nearly 3.5% of total area. The population of Lake Albert in 2011 was 5,881 people. By 2016 the population was 6,190 showing a population growth of 5.3% in the area during that time. The predominant age group in Lake Albert is 10-19 years. Households in Lake Albert are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Lake Albert work in a professional occupation. In 2011, 81.2% of the homes in Lake Albert were owner-occupied compared with 79.7% in 2016.

Lake Albert has 2,753 properties. Over the last 5 years, Houses in Lake Albert have seen a 66.88% increase in median value, while Units have seen a 45.98% increase. As at 31 July 2024:

  • The median value for Houses in Lake Albert is $681,053 while the median value for Units is $343,863.
  • Houses have a median rent of $500 while Units have a median rent of $320.
There are currently 30 properties listed for sale, and 5 properties listed for rent in Lake albert on OnTheHouse. According to CoreLogic's data, 88 properties were sold in the past 12 months in Lake albert.

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