OFF MARKET

3/3 Melinda Grove
Lake Heights NSW 2502

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 86m2
Land area: 571m2
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Last updated 11 Nov 2024
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Property Details for 3/3 Melinda Gr, Lake Heights

3/3 Melinda Gr, Lake Heights is a 3 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1980. The property has a land size of 571m2 and floor size of 86m2. While the property is not currently for sale or for rent, it was last sold in May 2021.

Building Type
Unit
Year Built
1980
Floor Size
86m2
Land Size
571m2
Local Government
Wollongong
Lot/Plan
3/SP39574

Last Listing description (July 2021)

Elders Real Estate Wollongong are offering this neat three bedroom townhouse.

Positioned in a quiet cul-de-sac and in small complex of only 3.

This very well presented unit features:

- Open living areas
- Modern kitchen with breakfast bar
- Internal laundry
- Reverse cycle air-conditioning
- Large single lock-up garage plus storage

Located in Lake Heights close to neighborhood shops. Only an short stroll to Lake Illawarra, conveniently located to schools, shops, transport, Warrawong Plaza and only a few minutes' drive to Wollongong CBD, Both Public and Private Hospitals and Wollongong University.

A sensational investment opportunity for the astute first home buyer, downsizer or investor with a potential rental return of $340pw, better than money in the BANK!!

Call today for a private inspection

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Property History for 3/3 Melinda Gr, Lake Heights, NSW 2502

A timeline of how this property has performed in the market
Last Sold
$417,000
07 May 2021
Listed for Rent
$330/w
04 Dec 2015
  • 07 May 2021
    Sold for $417,000
  • 23 Mar 2021
    Listed for Sale Expressions of Interest
  • 03 Nov 2016
    Listed for Rent $330 / week
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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.

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