10 Spotted Gum DriveLake Hume Village NSW 3691
Property Details for 10 Spotted Gum Dr, Lake Hume Village
10 Spotted Gum Dr, Lake Hume Village is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1998. The property has a land size of 253m2 and floor size of 107m2. While the property is not currently for sale or for rent, it was last sold in August 2022.
Last Listing description (April 2020)
We are opening this listing at $159,000.
10 Spotted Gum Drive is more interesting than your average detached 3-bedroom unit. It certainly pays better returns; grossing 10% per annum. Though great for any first-time investor seeking to start their investment portfolio, it would also make good sense for any seasoned investor who understands the value of diversity in their investment portfolio. And in this price range, there's very little in the market that presents such as unique opportunity.
Spotted Gum Drive is situated in one of the border's most popular holiday precincts, Lake Hume Village. Though currently tenanted on a lease managed by Elite Property Management at $300 per week, the unit could easily and reliably be rented by holiday-makers on short-term stays, or become a comfortable home for a buyer who is down-sizing or seeking a low-maintenance home where the gardens, and common grounds and facilities are fully-managed by the Lake Hume Village community.
Lake Hume Village, like its neighbour Lake Hume Resort, make it idyllic for family summer breaks and short-term getaways, where you're the owner-occupier.
All that's left is for you to decide - leased investment that's either self- and agency-managed, short-term rental through Lake Hume Village, or all yours as permanent or holiday owner-occupier.
Good to know that Albury City council land rates is $805.43 per annum, and water rates and consumption is shared. Note: current gross earnings is not a guarantee of future return.
As with all residential properties listed by Luke Chiodo Real Estate, a full set of reports for this property are available to download at 10spottedgumdrive.com
Property History for 10 Spotted Gum Dr, Lake Hume Village, NSW 3691
- 31 Aug 2022Sold for $280,000
- 25 Mar 2020Sold for $151,000
- 23 Dec 2019Listed for Sale $159,000
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About Lake Hume Village 3691
The size of Lake Hume Village is approximately 10.9 square kilometres. The population of Lake Hume Village in 2011 was 398 people. By 2016 the population was 46 showing a population decline of 88.4% in the area during that time. The predominant age group in Lake Hume Village is 0-9 years. Households in Lake Hume Village are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lake Hume Village work in a managers occupation. In 2006, 34.1% of the homes in Lake Hume Village were owner-occupied compared with 73.7% in 2011.
Lake Hume Village has 174 properties. Over the last 5 years, Houses in Lake Hume Village have seen a 79.28% increase in median value. As at 31 October 2024:
- The median value for Houses in Lake Hume Village is $639,504 while the median value for Units is $402,894.
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