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Sold on 29 Feb 2024 for $392,500

5 Wheelers Lane
Dubbo NSW 2830

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
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Property Details for 5 Wheelers Lane, Dubbo

5 Wheelers Lane, Dubbo is a 4 bedroom, 2 bathroom House with 2 parking spaces. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 4 bedroom House sold in Dubbo in the last 12 months.

Building Type
House
Local Government
Dubbo Regional
Lot/Plan
12/DP247604

Last Listing description (February 2024)

Discover a renovator's dream at 5 Wheelers Lane! This four bedroom, two bathroom home is an excellent opportunity for savvy investors and adept renovators searching for their next project. Bursting with potential, this well-worn home eagerly awaits a generous dose of TLC to begin its journey from renovators delight to best home in sight.

Take a stroll through time as you experience the property's original features, preserved since the 1990s. Though the home needs considerable attention and updating, this hidden gem holds boundless potential for those with an eye for design and a passion for restoration.

Bring your creativity to the party and unleash the true potential of this diamond in the rough, poised to be a valuable addition to any property portfolio. Don't let this remarkable chance pass you by!

- Four Bedrooms
- Two Bathrooms
- Evaporative Cooling
- Gas Point Heating
- Outdoor Entertaining Area
- Original Features
- Single Lock Up Garage
- Potential to be leased for $440 - $450 per week after compliance with minimum rental standards
- Levied Rates: $2419.51 per annum / $604.87 approx. per quarter

We have obtained all the information and figures contained 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.

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Property History for 5 Wheelers Lane, Dubbo, NSW 2830

A timeline of how this property has performed in the market
Last Sold
$392,500
29 Feb 2024
  • 29 Feb 2024
    Sold for $392,500
  • 07 Dec 2023
    Listed for Sale $390,000 to $415,000
  • 02 Dec 2016
    Listed for Sale $270,000 to $290,000
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About Dubbo 2830

The size of Dubbo is approximately 998.7 square kilometres. It has 56 parks covering nearly 4.8% of total area. The population of Dubbo in 2011 was 32,327 people. By 2016 the population was 38,944 showing a population growth of 20.5% in the area during that time. The predominant age group in Dubbo is 0-9 years. Households in Dubbo are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Dubbo work in a professional occupation. In 2011, 62.3% of the homes in Dubbo were owner-occupied compared with 63.2% in 2016.

Dubbo has 22,129 properties. Over the last 5 years, Houses in Dubbo have seen a 65.12% increase in median value, while Units have seen a 41.38% increase. As at 30 September 2024:

  • The median value for Houses in Dubbo is $526,783 while the median value for Units is $331,809.
  • Houses have a median rent of $490 while Units have a median rent of $370.
There are currently 164 properties listed for sale, and 106 properties listed for rent in Dubbo on OnTheHouse. According to CoreLogic's data, 1011 properties were sold in the past 12 months in Dubbo.

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