6-8 Lyon StreetBellingen NSW 2454
Property Details for 6-8 Lyon St, Bellingen
6-8 Lyon St, Bellingen is a 3 bedroom, 2 bathroom House and was built in 1970. The property has a land size of 650m2 and floor size of 136m2. While the property is not currently for sale or for rent, it was last sold in November 2016.
Last Listing description (May 2013)
ATTENTION INVESTORS - BLOCK OF 2 UNITS - RETURNING 5.6%
THESE 2 UNITS WERE BUILT IN THE 1970'S AND HAVE SURVIVED THE TEST OF TIME. THE 2 BEDROOM UNIT IS RENTED @ $160 PER WEEK AND THE 1 BEDROOM UNIT IS RENTED @ $110 PER WEEK, PROVIDING A 5.6% RETURN ON AN INVESTMENT OF $249,000. WITH CONCRETE BLOCK AND FIBROUS CEMENT SHEETING CONSTRUCTION, THEY WERE BUILT FOR MINIMUM MAINTENANCE AND ARE SET ON A 707 SQ M BLOCK, RIGHT NEXT DOOR TO SUPERMARKET, BOTTLESHOP & TAKE-AWAY FOOD SHOP. AS YOU MAY IMAGINE, THESE UNITS ARE FAIRLY BASIC, WITH SIMPLE AND FUNCTIONAL KITCHENS OFFERING ELECTRIC COOK TOP AND OVENS, WITH SINGLE STAINLESS STEEL SINKS. SIMILARLY THE BATHROOMS ARE SIMPLE AND FUNCTIONAL WITH SHOWERS AND TOILETS. THESE UNITS OFFER THE BEST RENTAL VALUE IN BELLINGEN, SO THEY'RE VIRTUALLY NEVER EMPTY AND THE CURRENT TENANTS HAVE BEEN IN PLACE FOR SOME TIME. IF THESE UNITS WERE TO RECEIVE SOME IMPROVEMENTS, THE RENTAL AMOUNTS COULD CERTAINLY BE INCREASED. SO, WITH A BETTER THAN AVERAGE RETURN NOW, AND THE OPPORTUNITY TO INCREASE THAT RETURN, THESE UNITS ARE OFFERING EXCELLENT VALUE. CALL TO VIEW AT A TIME THAT SUITS YOU - GUY SADDLETON REAL ESTATE PH 6655 2458 AVAILABLE 7 DAYS TO 7 PM. INFORMATION SHEET AVAILABLE UPON REQUEST - NOTE ALL MEASUREMENTS IN TEXT AND PLANS ARE APPROXIMATE. VIEW ALL OUR LISTINGS ONLINE AT WWW.GUYSADDLETON.COM.AU
Property History for 6-8 Lyon St, Bellingen, NSW 2454
- 10 Nov 2016Sold for $285,000
- 28 Sep 2013Listed for Rent - Price not available
- 23 Jul 2013Listed for Rent $160 / week
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About Bellingen 2454
The size of Bellingen is approximately 46.5 square kilometres. It has 23 parks covering nearly 14% of total area. The population of Bellingen in 2011 was 3,655 people. By 2016 the population was 3,764 showing a population growth of 3.0% in the area during that time. The predominant age group in Bellingen is 0-9 years. Households in Bellingen are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Bellingen work in a professional occupation. In 2011, 66.6% of the homes in Bellingen were owner-occupied compared with 67.4% in 2016.
Bellingen has 2,099 properties. Over the last 5 years, Houses in Bellingen have seen a 50.81% increase in median value, while Units have seen a 165.27% increase. As at 31 October 2024:
- The median value for Houses in Bellingen is $818,686 while the median value for Units is $788,481.
- Houses have a median rent of $620 while Units have a median rent of $370.
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