OFF MARKET

25 Lake Heights Road
Lake Heights NSW 2502

Bedrooms: 5
Bathrooms: 3
Car spaces: -
Floor area: 144m2
Land area: 765m2
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Last updated 14 Oct 2024
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Property Details for 25 Lake Heights Rd, Lake Heights

25 Lake Heights Rd, Lake Heights is a 5 bedroom, 3 bathroom Unit and was built in 1960. The property has a land size of 765m2 and floor size of 144m2. While the property is not currently for sale or for rent, it was last sold in June 2022.

Building Type
Unit
Year Built
1960
Floor Size
144m2
Land Size
765m2
Local Government
Wollongong
Lot/Plan
439/DP15174

Last Listing description (June 2022)

Double brick built and ready to earn, this unique property functions effectively as your very own 'unit block' on a boutique scale. Boasting a gorgeous rear view to the ocean, it enjoys strong versatility with two spacious apartments occupying an entire floor each, a separate cosy studio, and private front-door entry to all three residences. This brilliant address comes complete with further potential to add another dwelling in the generous backyard (STCA), and superb convenience for families, couples and singles alike close to transport links, local schools and the Lake Illawarra foreshore.

- Easily managed investment with multiple income streams under one roof
- Potential rental income in the vicinity of $950 per week in total

- Three-bedroom apartment at street level offers a lounge plus eat-in kitchen
- Lower level two-bedroom apartment with dedicated living and dining
- Compact top-floor studio features a bright, open design with kitchenette
- High ceilings throughout, neat bathrooms, communal laundry facilities
- Concrete parking areas plus side driveway to large east-facing backyard
- Sought-after setting in a quiet street steps to sports fields, Wollongong bus
- Minutes' driving distance to lake's edge, beaches and Warrawong Plaza

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Property History for 25 Lake Heights Rd, Lake Heights, NSW 2502

A timeline of how this property has performed in the market
Last Sold
$845,000
27 Jun 2022
  • 27 Jun 2022
    Sold for $845,000
  • 01 Jun 2022
    Listed for Sale Price Guide $775,000
  • 20 Sep 2004
    Sold for $270,000
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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 1,839 properties. Over the last 5 years, Houses in Lake Heights have seen a 67.69% increase in median value, while Units have seen a 50.43% increase. As at 30 September 2024:

  • The median value for Houses in Lake Heights is $834,870 while the median value for Units is $690,802.
  • Houses have a median rent of $620 while Units have a median rent of $450.
There are currently 9 properties listed for sale, and no properties listed for rent in Lake heights on OnTheHouse. According to CoreLogic's data, 65 properties were sold in the past 12 months in Lake heights.

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