12 Melinda GroveLake Heights NSW 2502
Property Details for 12 Melinda Gr, Lake Heights
12 Melinda Gr, Lake Heights is a 2 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 709m2 and floor size of 67m2. While the property is not currently for sale or for rent, it was last sold in August 2020.
Last Listing description (September 2020)
An Excellent and Very Rare Investment Opportunity12 Melinda Grove, Lake Heights- Block of 4 Units- Rental Return is $72,800 p/a- All 4 units have existing good tenants- 3 of the units have had a recent $40,000 renovation- Currently one title, this is good if you intend to continue to rent out the units as there is no strata to pay.- Opportunity exists to sell units as 4 individual units in the future as it already has council approval to strata. The work and costs incurred have already been done.- Elevated position quiet Cul-de-sac- Open plan kitchen, lounge and dining- Each unit has 2 bedrooms, 1 bathroom, internal laundry- 4 x outdoor clotheslines- Landscaped gardens- Double brick building, brick internal walls between units- Off street parking for each unit- Close to shops including:- The Bottle O, Australia Post, Charcoal Chicken El Dannys Pizza
Property History for 12 Melinda Gr, Lake Heights, NSW 2502
- 10 Aug 2020Sold for $1,320,000
- 13 Feb 2020Listed for Sale $1,300,000 - $1,400,000
- 22 Jan 2019Listed for Rent - Price not available
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About Lake Heights 2502
The size of Lake Heights is approximately 1.6 square kilometres. It has 11 parks covering nearly 11.8% of total area. The population of Lake Heights in 2011 was 3,260 people. By 2016 the population was 3,853 showing a population growth of 18.2% in the area during that time. The predominant age group in Lake Heights is 0-9 years. Households in Lake Heights are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Lake Heights work in a trades occupation. In 2011, 74% of the homes in Lake Heights were owner-occupied compared with 69.8% in 2016.
Lake Heights has 1,853 properties. Over the last 5 years, Houses in Lake Heights have seen a 66.05% increase in median value, while Units have seen a 48.72% increase. As at 31 October 2024:
- The median value for Houses in Lake Heights is $822,810 while the median value for Units is $689,816.
- Houses have a median rent of $625 while Units have a median rent of $450.
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