OFF MARKET

623 Lane Lane
Broken Hill NSW 2880

Bedrooms: 7
Bathrooms: 3
Car spaces: 6
Land area: 980m2
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Property Details for 623 Lane Lane, Broken Hill

623 Lane Lane, Broken Hill is a 7 bedroom, 3 bathroom Unit with 6 parking spaces. The property has a land size of 980m2. While the property is not currently for sale or for rent, it was last sold in September 2022.

Building Type
Unit
Land Size
980m2
Local Government
Broken Hill
Lot/Plan
1/DP900922

Last Listing description (June 2024)

This small unit block at 623 Lane Lane offers the perfect investment opportunity.
Located around the corner from McCulloch Street shops and close to schools, this solidly built besser block building offers three neat and tidy units each with off street parking.

Unit one & two each comprise of two spacious bedrooms, open plan kitchen & living with electric cooking, reverse cycle air conditioning unit, bathroom with shower, basin, toilet & separate laundry.
Unit three comprises of three spacious bedrooms, open plan kitchen & dining with electric stove, reverse cycle air conditioning unit, separate laundry, bathroom with shower, toilet & basin.
There is a large shed at the rear of the property currently being leased separately on a periodical lease.

Unit 1 is currently leased at $175 Per week Periodically
Unit 2 is currently lease at $180 Per Week until May 2023
Unit 3 is currently leased at $180 Per Week Periodically

We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.

Council Rates: approx. $1,857 per annum
Water Rates: approx. $2,700 per annum

Agents Note:
The property will remain on the market and offers will be presented to the vendor/s up until an exchange of contract has occurred.

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Property History for 623 Lane Lane, Broken Hill, NSW 2880

A timeline of how this property has performed in the market
Last Sold
$358,000
30 Sep 2022
  • 30 Sep 2022
    Sold for $358,000
  • 15 Aug 2022
    Listed for Sale UNDER CONTRACT/OFFER
  • 10 Oct 2013
    Sold for $225,000
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About Broken Hill 2880

The size of Broken Hill is approximately 13,004.9 square kilometres. It has 43 parks covering nearly 2.2% of total area. The population of Broken Hill in 2011 was 18,776 people. By 2016 the population was 17,837 showing a population decline of 5.0% in the area during that time. The predominant age group in Broken Hill is 50-59 years. Households in Broken Hill are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Broken Hill work in a professional occupation. In 2011, 74.2% of the homes in Broken Hill were owner-occupied compared with 71.9% in 2016.

Broken Hill has 11,270 properties. Over the last 5 years, Houses in Broken Hill have seen a 88.95% increase in median value, while Units have seen a 79.05% increase. As at 31 October 2024:

  • The median value for Houses in Broken Hill is $182,283 while the median value for Units is $160,380.
  • Houses have a median rent of $340 while Units have a median rent of $220.
There are currently 138 properties listed for sale, and 23 properties listed for rent in Broken hill on OnTheHouse. According to CoreLogic's data, 501 properties were sold in the past 12 months in Broken hill.

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