85 Koona StreetAlbion Park Rail NSW 2527
Property Details for 85 Koona St, Albion Park Rail
85 Koona St, Albion Park Rail is a 5 bedroom, 3 bathroom BlockOfUnits with 3 parking spaces. The property has a land size of 721m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 5 bedroom BlockOfUnits sold in Albion Park Rail in the last 12 months.
Last Listing description (September 2024)
Tucked away in nature's soothing embrace, where the stillness of the lake creates a sense of tranquillity, awaits an opportunity that speaks to your dreams, a lakefront retreat hinting at potential and possibility.
Imagine waking up each morning to the soft caress of sunlight painting the waters in hues of gold, a scene of natural beauty unfolding right outside your window. This isn't just another property; it's a canvas awaiting your creative touch. A haven that currently features three units, each brimming with untapped potential.
Enter this realm where investment meets calm, where the current combined rent of $59,540 offers a foundation of financial stability. With three tenancies already in place, each unit becomes a stepping stone on your path to prosperity, ensuring a steady income as you embrace the possibilities of future lakeside living.
Variety is the defining feature of this property. Unit 1 provides a snug one-bedroom retreat, ideal for solitary contemplation. On the other hand, Units 2 and 3 offer room for growth, boasting two bedrooms in each. While they may require some refurbishment, each unit holds the potential for enhanced comfort and satisfaction once renovated.
Envision stepping onto the property, feeling the calm presence of the lake nearby. It's not just about access-it's about embracing a lifestyle where every moment exudes the tranquillity of lakeside living, offering a sense of renewal and peace.
Looking forward, there's a world of potential awaiting your vision, with a spacious 721sqm of land waiting to be shaped. Here, amidst the gentle rustle of the wind and the quiet beauty of the lake, lies the opportunity for future development (STCA), limited only by your creativity and ambition.
In a market where waterfront properties are rare finds, this exclusive opportunity stands as a beacon of potential. A property with promise, waiting for its true potential to be unlocked. Don't let this opportunity slip away. Contact us today to begin turning your lakefront dreams into reality. After all, they say waterfront properties are hard to come by-so why not take the chance to prove them wrong?
Water Rates: $514.23 per quarter (approx.)
Council Rates: $1,014.69 per quarter (approx.)
If you would like to follow this listing or make an offer, please follow the link below:
https://buy.realtair.com/properties/133010
For further information, please call or email Adam Martin & Team
Property History for 85 Koona St, Albion Park Rail, NSW 2527
- 03 Sep 2024Sold for $1,200,000
- 05 Jun 2024Listed for Sale $1,200,000
- 12 Dec 2017Sold for $930,000
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About Albion Park Rail 2527
The size of Albion Park Rail is approximately 7.2 square kilometres. It has 15 parks covering nearly 4.6% of total area. The population of Albion Park Rail in 2011 was 7,001 people. By 2016 the population was 6,915 showing a population decline of 1.2% in the area during that time. The predominant age group in Albion Park Rail is 50-59 years. Households in Albion Park Rail are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Albion Park Rail work in a trades occupation. In 2011, 69.5% of the homes in Albion Park Rail were owner-occupied compared with 69.5% in 2016.
Albion Park Rail has 3,483 properties. Over the last 5 years, Houses in Albion Park Rail have seen a 64.86% increase in median value, while Units have seen a 57.46% increase. As at 31 October 2024:
- The median value for Houses in Albion Park Rail is $811,882 while the median value for Units is $646,079.
- Houses have a median rent of $600 while Units have a median rent of $540.
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