FOR SALE
$1,785,000

25 Macdonald Street
Lakemba NSW 2195

Bedrooms: 5
Bathrooms: 3
Car spaces: 5
Land area: 796.7m2
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H U G E L A N D - double income

Currently 2 renovated flats returning $1,100per week with loads of potential. Simply open a doorway and convert back to a substantial 5 bedroom family home with 2 kitchens and 3 bathrooms and a side driveway to a LOCK UP GARAGE also containing a bathroom and kitchenette. Live in 1 rent the other or retain the income from both and watch the property appreciate. Previously D.A Approved for a granny flat at the rear (now expired). This versatile home is conveniently located only 550m from Lakemba Station and Woolworths shopping centre.
LAND: 12.19 x 65.55 (796.7sqm). ZONED: R4 High Density Residential. Currently rented: Flat 1 - $480pw. Flat 2 - $620pw.
All precaution has been taken to determine the accuracy of the above information however, all interested parties are to rely on their own inquiries and professional advice.

Property Details for 25 Macdonald St, Lakemba

25 Macdonald St, Lakemba is a 5 bedroom, 3 bathroom House with 5 parking spaces. The property has a land size of 796.7m2. The place is currently for sale with Knapton Property Agents.

Building Type
House
Land Size
796.7m2

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About Lakemba 2195

The size of Lakemba is approximately 2.2 square kilometres. It has 11 parks covering nearly 6.7% of total area. The population of Lakemba in 2011 was 15,507 people. By 2016 the population was 17,011 showing a population growth of 9.7% in the area during that time. The predominant age group in Lakemba is 30-39 years. Households in Lakemba are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lakemba work in a labourer occupation. In 2011, 44.9% of the homes in Lakemba were owner-occupied compared with 39.1% in 2016.

Lakemba has 7,209 properties. Over the last 5 years, Houses in Lakemba have seen a 61.63% increase in median value, while Units have seen a 17.80% increase. As at 31 July 2024:

  • The median value for Houses in Lakemba is $1,278,155 while the median value for Units is $471,508.
  • Houses have a median rent of $700 while Units have a median rent of $500.
There are currently 36 properties listed for sale, and 27 properties listed for rent in Lakemba on OnTheHouse. According to CoreLogic's data, 344 properties were sold in the past 12 months in Lakemba.

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Luke Knapton
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Grace Thomson
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Knapton Property Agents
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