OFF MARKET

66 Denise Street
Lake Heights NSW 2502

Bedrooms: 5
Bathrooms: 3
Car spaces: 1
Land area: 609m2
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Property Details for 66 Denise St, Lake Heights

66 Denise St, Lake Heights is a 5 bedroom, 3 bathroom House with 1 parking spaces and was built in 1963. The property has a land size of 609m2. While the property is not currently for sale or for rent, it was last sold in October 2012.

Building Type
House
Year Built
1963
Land Size
609m2
Local Government
Wollongong
Lot/Plan
67/DP28013

Last Listing description (October 2024)

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 $620 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!

Property History for 66 Denise St, Lake Heights, NSW 2502

A timeline of how this property has performed in the market
Last Sold
$315,000
26 Oct 2012
Listed for Rent
$350/w
09 Aug 2013
  • 21 Jun 2023
    Listed for Sale $1,150,000 - $1,200,000
  • 27 May 2019
    Listed for Rent $260 / week
  • 04 Feb 2019
    Listed for Sale $775,000-$799,000
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About Lake Heights 2502

The size of Lake Heights is approximately 1.6 square kilometres. It has 11 parks covering nearly 11.8% of total area. The population of Lake Heights in 2011 was 3,260 people. By 2016 the population was 3,853 showing a population growth of 18.2% in the area during that time. The predominant age group in Lake Heights is 0-9 years. Households in Lake Heights are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Lake Heights work in a trades occupation. In 2011, 74% of the homes in Lake Heights were owner-occupied compared with 69.8% in 2016.

Lake Heights has 1,839 properties. Over the last 5 years, Houses in Lake Heights have seen a 67.69% increase in median value, while Units have seen a 50.43% increase. As at 30 September 2024:

  • The median value for Houses in Lake Heights is $834,870 while the median value for Units is $690,802.
  • Houses have a median rent of $620 while Units have a median rent of $450.
There are currently 9 properties listed for sale, and no properties listed for rent in Lake heights on OnTheHouse. According to CoreLogic's data, 65 properties were sold in the past 12 months in Lake heights.

Suburb Insights for Lake Heights 2502

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.