SOLD
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Sold on 23 Jan 2024 for $900,000

71 Ernest Street
Lakemba NSW 2195

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Land area: 398.4m2
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Property Details for 71 Ernest St, Lakemba

71 Ernest St, Lakemba is a 3 bedroom, 1 bathroom House. The property has a land size of 398.4m2. While the property is not currently for sale or for rent, it was last sold in January 2024. There are other 3 bedroom House sold in Lakemba in the last 12 months.

Building Type
House
Land Size
398.4m2
Local Government
Canterbury-Bankstown
Lot/Plan
9/DP12298

Last Listing description (January 2024)

Positioned centrally between the vibrant Lakemba and Wiley Park hubs, this property presents an exciting opportunity for first home buyers eager to enter the real estate market or savvy investors seeking value in a popular lifestyle location. Enjoy easy and convenient access to local schools, shopping centres, parks, churches, mosques, public transport and the vibrant Haldon Street for ultimate family convenience.

Presented in original condition, this 398.4m2 home is ripe for a creative transformation to modernise, renovate or rebuild from the ground up and capitalise on it's potential in the sought-after suburb of Lakemba. Currently tenanted, it is also an option to maintain the investment while land banking for the right time to build your dream home in the future.

- 3 bedrooms with original ornate ceilings plus sunroom

- Gas kitchen with stove/oven and dining area
- Open living area with air-conditioning
- Large backyard with established banana and bamboo trees
- External laundry plus additional WC
- 700m to Lakemba Station, 1km to Wiley Park Station
- Easy access to Lakemba Public, Wiley Park Public, Woolies, Aldi, Haldon St restaurants & cafes
- 300m to the scenic Wiley Park playgrounds and ponds

Don't miss the chance to transform this rough diamond into your dream home and take advantage of the endless possibilities.

Auction cancelled – Sold Prior!
Land Size: 10.06m x 39.63m = 398.4m2 approx.
Details: Michael Sabongi 0448 419 008 / Jenny Nassour 9758 2744

All precaution has been taken to determine the accuracy of the above information however, all interested parties are to rely on their own inquiries and professional advice.

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Property History for 71 Ernest St, Lakemba, NSW 2195

A timeline of how this property has performed in the market
Last Sold
$900,000
23 Jan 2024
  • 23 Jan 2024
    Sold for $900,000
  • 15 Jan 2024
    Listed for Sale SOLD! $ 900,000 BY MICHAEL SABONGI

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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 7,244 properties. Over the last 5 years, Houses in Lakemba have seen a 67.15% increase in median value, while Units have seen a 17.33% increase. As at 31 August 2024:

  • The median value for Houses in Lakemba is $1,347,432 while the median value for Units is $472,752.
  • Houses have a median rent of $700 while Units have a median rent of $510.
There are currently 38 properties listed for sale, and 36 properties listed for rent in Lakemba on OnTheHouse. According to CoreLogic's data, 332 properties were sold in the past 12 months in Lakemba.

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Michael Sabongi
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Jenny Nassour
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Professionals Belmore
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