OFF MARKET

8 City View Drive
East Lismore NSW 2480

Bedrooms: 3
Bathrooms: 2
Car spaces: 3
Floor area: 148m2
Land area: 1532m2
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Last updated 14 Oct 2024
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Property Details for 8 City View Dr, East Lismore

8 City View Dr, East Lismore is a 3 bedroom, 2 bathroom House with 3 parking spaces and was built in 1960. The property has a land size of 1532m2 and floor size of 148m2. While the property is not currently for sale or for rent, it was last sold in April 2016.

Building Type
House
Year Built
1960
Floor Size
148m2
Land Size
1532m2
Local Government
Lismore
Lot/Plan
38/DP215777

Last Listing description (June 2016)

This was the first block and house built along the City View ridge. The original owner, a prominent local business identity, had first pick of the new development. He chose an impressive north facing block with commanding views over what are now Lismore Square, Private and Public Hospitals and Southern Cross University, which are only several minutes away by car.
On a clear day the views encompass the mountain ranges and the peak of Mount Warning. The City and Valley lights at night offer an exceptional night time vista.
The block is approx. 1530m2 with an older style 3 bedroom brick home with 2 bathrooms and parking for 3 vehicles. It has council approval to subdivide into 3 blocks and might be developed to accommodate up to 4 dwellings (STCA).

The site is reasonably level at the street and gently slopes away at the rear. It would ideally suit multi-storey dwellings, which would further enhance the already picturesque views.
Properties in this area are normally retained for the long term and it may suit an astute investor who understands the importance of choosing property in a prime position.
If you are looking for a property where the kitchen and bathroom are your top priority, this property may not be for you; however if you are looking for one of Lismore's premium residential addresses and the potential to develop in the future, then it might be worth a look.

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Property History for 8 City View Dr, East Lismore, NSW 2480

A timeline of how this property has performed in the market
Last Sold
$485,000
14 Apr 2016
  • 14 Apr 2016
    Sold for $485,000
  • 23 Dec 2015
    Listed for Sale $495,000 NEGOTIABLE
  • 13 Aug 2015
    Listed for Sale $550,000
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About 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 2,532 properties. Over the last 5 years, Houses in East Lismore have seen a 34.72% increase in median value, while Units have seen a 47.98% increase. As at 30 September 2024:

  • The median value for Houses in East Lismore is $481,104 while the median value for Units is $435,618.
  • Houses have a median rent of $550 while Units have a median rent of $390.
There are currently 40 properties listed for sale, and 4 properties listed for rent in East lismore on OnTheHouse. According to CoreLogic's data, 132 properties were sold in the past 12 months in East lismore.

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