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Sold on 05 Jun 2024 for $480,000

2B Backhouse Road
Lake Heights NSW 2502

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 462m2
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Property Details for 2b Backhouse Rd, Lake Heights

Building Type
Land
Land Size
462m2
Local Government
Wollongong
Lot/Plan
2/DP1250204

Last Listing description (June 2024)

Introducing an incredible opportunity to secure a prime piece of land ready to build on. This block of land is situated on 462m2, offering endless possibilities for your dream home or development opportunity.
Located in the sought-after suburb of Lake Heights, this property is nestled in a quiet cul-de-sac and with stunning views.
Conveniently situated just a short drive from local amenities, schools, parks, and shopping centres, this location offers the perfect balance of tranquillity and convenience. Whether you're looking to build your dream family home or a lucrative investment property, this block of land is sure to impress.

With ample space for a large family home, the possibilities are endless. Take advantage of this rare opportunity to secure one of the last remaining blocks of land in this suburb and create the lifestyle you've always dreamed of.

Property History for 2b Backhouse Rd, Lake Heights, NSW 2502

A timeline of how this property has performed in the market
Last Sold
$480,000
05 Jun 2024
  • 05 Jun 2024
    Sold for $480,000
  • 22 Apr 2024
    Listed for Sale $495,000 - $535,000
  • 21 Jun 2022
    Sold for $455,000
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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 1,853 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.
There are currently 11 properties listed for sale, and 3 properties listed for rent in Lake heights on OnTheHouse. According to CoreLogic's data, 61 properties were sold in the past 12 months in Lake heights.

Suburb Insights for Lake Heights 2502

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Natalie Paiola
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Knock Knock Real Estate
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.