24 Yerrick RoadLakemba NSW 2195
Property Details for 24 Yerrick Rd, Lakemba
24 Yerrick Rd, Lakemba is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a land size of 1012m2. While the property is not currently for sale or for rent, it was last sold in August 2021.
Last Listing description (October 2022)
A rare offering, this entire block of 8 x 2-bedroom units, all set on 1012sqm of land (approx), is to be sold in one line offering an exceptional investment prospect with potential for strata subdivision and the addition of more units (S.T.C.A)
Located in a sought-after setting in the heart of Lakemba, these apartments offer an immediate steady income stream, excellent rental demand and capital growth potential. Now featuring:
* 8 x 2-bedroom units
* Neat bathrooms
* Bright & airy lounge areas
* 8 car spaces
* Walking distance to transport, shops, schools & parks
* Land size 1012sqm approx.
* 20 metre frontage
* Potential rent when updated and fully rent ,circa $145k - $155k
Summary: A solid AAA investment with high rental returns and strong capital growth ideal for investors, developers or self - managed superannuation funds.
For more information, or to obtain a copy of the Information Memorandum please contact Peter Spathis on 0405 157 788 or by email peter@mintbelfield.com.au
Property History for 24 Yerrick Rd, Lakemba, NSW 2195
- 30 Aug 2021Sold for $2,840,000
- 26 Jul 2021Listed for Rent $300 / week
- 19 Apr 2021Listed for Sale Contact Agent
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About Lakemba 2195
The size of Lakemba is approximately 2.2 square kilometres. It has 11 parks covering nearly 6.7% of total area. The population of Lakemba in 2011 was 15,507 people. By 2016 the population was 17,011 showing a population growth of 9.7% in the area during that time. The predominant age group in Lakemba is 30-39 years. Households in Lakemba are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lakemba work in a labourer occupation. In 2011, 44.9% of the homes in Lakemba were owner-occupied compared with 39.1% in 2016.
Lakemba has 7,254 properties. Over the last 5 years, Houses in Lakemba have seen a 53.62% increase in median value, while Units have seen a 19.54% increase. As at 31 October 2024:
- The median value for Houses in Lakemba is $1,315,385 while the median value for Units is $486,791.
- Houses have a median rent of $720 while Units have a median rent of $520.
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