FOR SALE
Guide on request

5/117-119 Ernest Street
Lakemba NSW 2195

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Auction Time
Sat 7 Dec 1:30 pm
Inspection Times
No upcoming inspections scheduled.
Contact agent to arrange an inspection.
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Your Perfect Starter Home Awaits

Discover the perfect entry point into the vibrant Lakemba market with this stylish one-bedroom unit. Located at 5/117-119 Ernest St, this freshly painted gem offers a fantastic opportunity for first-home buyers and savvy investors alike.
Key Features:
Spacious Living: Enjoy a generous lounge area, ideal for relaxation and entertaining.
Versatile Bedroom: The bedroom boasts a media space, providing a cozy retreat.
Practical Layout: Separate laundry and Car space on title for added convenience.
Ideal Location: Close to shops, train, and bus stops for easy commuting.
Why Choose This Property?
Affordability: A great entry-level property in a sought-after location.
Low-Maintenance: Perfect for busy professionals or those seeking a hassle-free lifestyle.
Investment Potential: Strong rental demand in the area.
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Property Details for 5/117-119 Ernest St, Lakemba

5/117-119 Ernest St, Lakemba is a 1 bedroom, 1 bathroom Unit with 1 parking spaces. The place is currently for sale with Lofitis Dulwich Hill Real Estate.

Building Type
Unit

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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 7,255 properties. Over the last 5 years, Houses in Lakemba have seen a 53.62% increase in median value, while Units have seen a 19.54% increase. As at 31 October 2024:

  • The median value for Houses in Lakemba is $1,315,385 while the median value for Units is $486,791.
  • Houses have a median rent of $720 while Units have a median rent of $520.
There are currently 36 properties listed for sale, and 46 properties listed for rent in Lakemba on OnTheHouse. According to CoreLogic's data, 323 properties were sold in the past 12 months in Lakemba.

Suburb Insights for Lakemba 2195

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Contact agent
Angelo Lofitis
Show contact details
Lofitis Dulwich Hill Real Estate
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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.