FOR SALE
For Sale $515,000

3/121 Sproule Street
Lakemba NSW 2195

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 73m2
Land area: 90m2
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Prime Investment Opportunity Tenanted Double-Brick Gem with Strong Rental Return

Welcome to this charming three-bedroom, double-brick apartment nestled in a peaceful, family-oriented community. Located in a small block of 6 units this inviting home offers a comfortable layout perfect for everyday living.
The living/dining area is ideal for relaxing or entertaining, while the main bedroom boasts built-in wardrobes and access to a private balcony. The second and third bedrooms also include built-in wardrobes, providing ample storage space. The bathroom, complete with a shower over the bathtub, is cleverly integrated with a laundry for added benefit.
This walk-up unit with off street parking is perfect for families, with a selection of great parks nearby, along with shops, a mosque, and quick access to the M5 for easy commuting. This quiet yet convenient location offers a serene retreat while still being well-connected.
Currently tenanted on a month-to-month basis, at $550 rent per week., this property presents a great opportunity for both investors and first home buyers. The tenants are keen to stay on, providing immediate rental income for investors or flexible transition options for those looking to move in.
Don't miss out on the potential of this gem!
• 3 bedrooms with BIR
• Off street parking
• Solid brick build
• Internal laundry
• Footsteps to shops, parks and transport
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Property Details for 3/121 Sproule St, Lakemba

3/121 Sproule St, Lakemba is a 3 bedroom, 1 bathroom Apartment with 1 parking spaces. The property has a land size of 90m2 and floor size of 73m2. The place is currently for sale with Pocket Listings.

Building Type
Apartment
Floor Size
73m2
Land Size
90m2

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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 7,252 properties. Over the last 5 years, Houses in Lakemba have seen a 51.71% increase in median value, while Units have seen a 16.92% increase. As at 30 November 2024:

  • The median value for Houses in Lakemba is $1,329,691 while the median value for Units is $488,852.
  • Houses have a median rent of $700 while Units have a median rent of $520.
There are currently 34 properties listed for sale, and 32 properties listed for rent in Lakemba on OnTheHouse. According to CoreLogic's data, 320 properties were sold in the past 12 months in Lakemba.

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Suburb Insights for Lakemba 2195

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Steve Ahmadi
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Carmenita Green
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