SOLD
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Sold on 27 Apr 2024 for $2,500,000

28 Taylor Street
Lakemba NSW 2195

Bedrooms: 11
Bathrooms: 6
Car spaces: 6
Land area: 682.65m2
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Property Details for 28 Taylor St, Lakemba

28 Taylor St, Lakemba is a 11 bedroom, 6 bathroom BlockOfUnits with 6 parking spaces. The property has a land size of 682.65m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 11 bedroom BlockOfUnits sold in Lakemba in the last 12 months.

Building Type
BlockOfUnits
Land Size
682.65m2

Last Listing description (April 2024)

Astute investors will immediately recognise the current and long-term value of this unique offering in the heart of Lakemba.

To be sold in one line, this established solid built construction and well-maintained complex comprises of six separate apartments on one title, five with balconies and all with car spaces. With excellent tenants already in place, you can simply add this property to your investment portfolio and reap the rewards straight away or move in to enjoy both a residence and income stream. This is an exceptional opportunity to secure an easy-care investment and capitalise on the ongoing redevelopment of this convenient location within walking distance of Lakemba town centre and train station.

Featuring;

- A collection of (5) two-bedroom apartments and (1) one-bedroom apartment held in a single portfolio
- Two separate external shared laundries (3 units to each laundry)
- An existing gross income of approximately $134,160 per annum, providing a steady revenue stream
- An expansive land area of 682.65sqm approx.
- New opportunities for further development with State Government Laws soon to be released
- A variety of value-enhancing opportunities, including further refurbishment
- A prime location in close proximity to key amenities such as Lakemba Train Station, Lakemba town centre, Canterbury Hospital, school and parks
- Ideal for the astute property investor, developer or self-managed super fund
- Agent interest
- Inspections on Saturday 4:00 - 4:30pm

Income;
Unit 1 - $400 per week, fixed lease until 25/03/2025
Unit 2 - $450 per week, expired lease
Unit 3 - $450 per week, expired lease
Unit 4 - $380 per week, fixed lease until 07/08/2024
Unit 4 - $450 per week, fixed lease until 06/05/2024
Unit 6 - $450 per week, fixed lease until 16/05/2024

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Property History for 28 Taylor St, Lakemba, NSW 2195

A timeline of how this property has performed in the market
Last Sold
$2,500,000
27 Apr 2024
Listed for Rent
$340/w
01 Jul 2021
  • 27 Apr 2024
    Sold for $2,500,000
  • 25 Mar 2024
    Listed for Sale AUCTION
  • 20 May 2020
    Listed for Rent $315 / week
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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 7,251 properties. Over the last 5 years, Houses in Lakemba have seen a 51.71% increase in median value, while Units have seen a 16.92% increase. As at 30 November 2024:

  • The median value for Houses in Lakemba is $1,329,691 while the median value for Units is $488,852.
  • Houses have a median rent of $700 while Units have a median rent of $520.
There are currently 32 properties listed for sale, and 31 properties listed for rent in Lakemba on OnTheHouse. According to CoreLogic's data, 316 properties were sold in the past 12 months in Lakemba.

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