FOR SALE
Expressions of Interest

31-33 Lampe Avenue
Wagga Wagga NSW 2650

Bedrooms: 14
Bathrooms: 7
Car spaces: 7
Land area: 1677m2
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Investment opportunity not to be missed

Introducing a lucrative investment opportunity that is set to catch the eye of savvy investors and developers seeking a foothold in the thriving heart of Wagga Wagga. This impressive block of units (on two titles) presents an exceptional chance to acquire a substantial portfolio asset with a substantial and stable income stream.
31 Lampe Avenue offers units 1-4, with 33 Lampe Avenue comprising of units 5-7. Each residence offers a well-thought-out layout featuring a separate bathroom and dedicated laundry space. The bedrooms are well-appointed with built-in robes, ensuring ample storage and convenience for occupants. Residents can enjoy the private outdoor courtyard, a welcome addition to each unit, providing a tranquil space to relax.
Inside, the combined lounge and dining areas are spacious and welcoming, flowing seamlessly into the kitchen equipped with electric stoves. Comfort is a priority throughout the year, with reverse cycle heating and cooling ensuring a pleasant environment regardless of the season.
With a current annual rental income of $106,340 and potential for growth, this is a remarkable prospect for those looking to expand their portfolio with a solid income-producing asset. Each unit has its own parking space, adding further appeal to tenants and ensuring convenience.
Ideal for investors who recognise the potential of refurbishments or developers looking to capitalise on a prime location, this block of units is an opportunity not to be missed. Secure your future in real estate with this promising investment in one of Wagga Wagga's most desirable locales.
* 31-33 Lampe Avenue can be purchased as a whole or separately.
* Full Information Memorandum available upon request.
* Expressions of Interest - Close Monday, 16 December, 12pm
Rates: $12,073.31 p.a.
Land: 1,676.6 sqm
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Property Details for 31-33 Lampe Ave, Wagga Wagga

31-33 Lampe Ave, Wagga Wagga is a 14 bedroom, 7 bathroom House with 7 parking spaces. The property has a land size of 1677m2. The place is currently for sale with Ray White Wagga Wagga.

Building Type
House
Land Size
1677m2

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About Wagga Wagga 2650

The size of Wagga Wagga is approximately 8.9 square kilometres. It has 13 parks covering nearly 21% of total area. The population of Wagga Wagga in 2011 was 6,961 people. By 2016 the population was 7,109 showing a population growth of 2.1% in the area during that time. The predominant age group in Wagga Wagga is 20-29 years. Households in Wagga Wagga are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Wagga Wagga work in a professional occupation. In 2011, 47.8% of the homes in Wagga Wagga were owner-occupied compared with 45.5% in 2016.

Wagga Wagga has 6,034 properties. Over the last 5 years, Houses in Wagga Wagga have seen a 62.64% increase in median value, while Units have seen a 67.24% increase. As at 31 October 2024:

  • The median value for Houses in Wagga Wagga is $571,944 while the median value for Units is $372,916.
  • Houses have a median rent of $490 while Units have a median rent of $385.
There are currently 78 properties listed for sale, and 77 properties listed for rent in Wagga wagga on OnTheHouse. According to CoreLogic's data, 263 properties were sold in the past 12 months in Wagga wagga.

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Ray White Wagga Wagga
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