3 Hilltop AvenueLake Heights NSW 2502
Property Details for 3 Hilltop Ave, Lake Heights
3 Hilltop Ave, Lake Heights is a 5 bedroom, 2 bathroom Unit with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in December 2023. There are other 5 bedroom Unit sold in Lake Heights in the last 12 months.
Last Listing description (December 2023)
This is your opportunity to secure a low maintenance solid investment. A three bedroom brick home with self contained two bedroom flat underneath. Perfect for the extended family.
Make it your first or part of an existing investment portfolio. Alternatively, live in one and get rent for the other which will help pay the mortgage and no need to spend money on building a granny flat.
Rent returning a total of $740 per week with a potential rental return of $800 per week.
Some of the features include;
- Both units have updated kitchens, unit 1 with stone bench tops
- Unit 1 has three bedrooms - two with built in robes
- Unit 2 includes lock up garage
- Perfectly located to nearby schools, approximately only 5 minutes to major shopping centre, restaurants, movie theatres and medical facilities with a bus stop right across from the house. Less than 4 minutes (approximately) to Lake Illawarra and Port Kembla beach is approximately only 10 minutes away, which is an added attraction for tenants
- Elevated 582m2 (approximately) block with views
Come and have a look at a solid investment in a very convenient Illawarra location.
An excellent property for your consideration.
For further details please contact Rob Gansl on 0418 695 956
Property History for 3 Hilltop Ave, Lake Heights, NSW 2502
- 26 Aug 2024Listed for Rent $540 / week
- 21 Dec 2023Sold for $775,000
- 09 May 2023Listed for Sale $800,000-$820,000
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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.
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