227 Wyrallah RoadEast Lismore NSW 2480
Property Details for 227 Wyrallah Rd, East Lismore
227 Wyrallah Rd, East Lismore is a 4 bedroom, 2 bathroom Unit with 2 parking spaces. The property has a land size of 1064m2.
Last Listing description (October 2016)
This is a genuinely exciting investment opportunity for those with some vision and an eye on the future.
Two, attached, single level apartments located well back from the street frontage building line of 6 metres and featuring the following:
Extensive street frontage.
Long term, quality tenants in place keen to stay on.
Solid masonry construction ..brick and tile.
Well-presented and well maintained premises capable of and immediately benefitting substantially from finishes upgrade such as painting and floor coverings.
Some minor maintenance issues as would be expected.
SUBSTANTIAL OPPORTUNITY to extend existing premises forwards, towards Wyrallah Road or alternatively redevelop the site subject to Council approval to either:
6 one bedroom apartments, or
4 two bedroom apartments, or
A combination of new and old or a mix of one and two or other apartments.
North east facing outlook.
Schools, University, parks in close proximity.
Preferred East Lismore address.
If you d like to have an inspection or wanting further details please contact John on 0414 331 319. PLeae note floor plans are not accurate.
Property History for 227 Wyrallah Rd, East Lismore, NSW 2480
- 24 Jun 2016Listed for Sale Not Disclosed
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0About East Lismore 2480
The size of East Lismore is approximately 6.4 square kilometres. It has 8 parks covering nearly 15.2% of total area. The population of East Lismore in 2011 was 4,987 people. By 2016 the population was 4,967 showing a population decline of 0.4% in the area during that time. The predominant age group in East Lismore is 20-29 years. Households in East Lismore are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in East Lismore work in a professional occupation. In 2011, 59.8% of the homes in East Lismore were owner-occupied compared with 56.6% in 2016.
East Lismore has 2,540 properties. Over the last 5 years, Houses in East Lismore have seen a 42.36% increase in median value, while Units have seen a 53.84% increase. As at 31 October 2024:
- The median value for Houses in East Lismore is $498,528 while the median value for Units is $437,903.
- Houses have a median rent of $550 while Units have a median rent of $400.
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