55 Macdonald StreetLakemba NSW 2195
Property Details for 55 Macdonald St, Lakemba
55 Macdonald St, Lakemba is a 12 bedroom, 6 bathroom Unit and was built in 1972. The property has a land size of 1024m2 and floor size of 67m2. While the property is not currently for sale or for rent, it was last sold in May 2021.
Last Listing description (May 2021)
A rare opportunity for investors/developers/self-managed superannuation funds to secure a five-star investment in an Inner West hotspot. This boutique complex is situated in a desirable location for its close proximity to Lakemba station, shops, schools and only 16km to the Sydney CBD.
The potential is unlimited set on 1024m2 of land (approx.) and currently on a single title with potential for strata subdivision and the addition of more units (S.T.C.A). This is a solid building that has been well maintained and updated throughout.
Features include:
- Modernised kitchens in 5 of the units
- Bright and spacious open-plan living areas
- Tiled bathrooms with bathtub
- Spacious laundry on each level
- 6 allocated car spaces and dedicated clothesline area
- Zoned R4 High Density Residential
- 750m to Lakemba station, 700m to Lakemba Woolworths
- GAR of $92,820 approx. with scope to increase future rental yield
A truly solid building with low maintenance common areas. Here is your chance to acquire a blue-chip investment with an immediate, secure income stream.
Council Rates: $1544.00 pq approx.
Water: $901.00 pq approx.
Building Insurance: $332.00 pq approx.
Electricity: $85.00 pq approx.
Address: 55 Macdonald Street, Lakemba NSW 2195
Auction: SOLD PRIOR TO AUCTION
Land Size: 14.93/14.834m x 69.037/69.266m = 1024.3m2 approx.
Zoning: R4 High Density Residential
Inspection: As advertised or by appointment
Details: Michael Sabongi 0448 419 008 / Jenny Nassour 9758 2744
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Property History for 55 Macdonald St, Lakemba, NSW 2195
- 06 May 2021Sold for $2,100,000
- 13 Apr 2021Listed for Sale SOLD $2,100,000 | MICHAEL SABONGI
- 23 Oct 2019Listed for Rent $350 / 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 7,254 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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