Urana RoadLavington NSW 2641
Property Details for 1-4/393 Urana Rd, Lavington
1-4/393 Urana Rd, Lavington is a 8 bedroom, 4 bathroom Unit with 4 parking spaces. The property has a land size of 1012m2.
Last Listing description (June 2024)
Discover an enticing investment opportunity at 1-4/393 Urana Road, Lavington. This property presents a "set and forget" investment with four units, each offering a comfortable living space, strategic location, and promising rental potential.
This immaculate property comprises four individual units, each featuring two bedrooms, one bathroom, an open-plan kitchen/living/dining area, as well as a convenient carport for each unit. The thoughtful design ensures a harmonious balance between functionality and comfort.
Updates have recently been carried out across the property and include items such as new flooring, fresh paint, bathroom vanities, and shower screens.
All four units are currently under lease agreements, providing a steady and reliable source of income. The current rental appraisal for each unit stands at $300 per week. With a potential rental yield of 5.83%, investors can anticipate a solid return on investment. This promising figure is indicative of the property's capacity to generate substantial income relative to its current market value.
1-4/393 Urana Road enjoys a strategic location within walking distance of Lavington Plaza, supermarkets, medical facilities, schools, and more. This accessibility not only enhances the property's market appeal but also ensures convenience for tenants, contributing to the property's overall desirability.
Don't miss the chance to capitalize on the growing demand in Lavington's real estate market and secure your position in this prime investment opportunity.
Please note the flooring in unit 1 has been updated with carpet.
Property History for 1-4/393 Urana Rd, Lavington, NSW 2641
- 01 May 2024Listed for Sale $1,070,000
- 17 Nov 2023Listed for Sale Not Disclosed
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0About Lavington 2641
The size of Lavington is approximately 14.8 square kilometres. It has 11 parks covering nearly 3.2% of total area. The population of Lavington in 2011 was 12,031 people. By 2016 the population was 12,493 showing a population growth of 3.8% in the area during that time. The predominant age group in Lavington is 20-29 years. Households in Lavington are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Lavington work in a trades occupation. In 2011, 60.8% of the homes in Lavington were owner-occupied compared with 58.1% in 2016.
Lavington has 7,883 properties. Over the last 5 years, Houses in Lavington have seen a 83.18% increase in median value, while Units have seen a 74.22% increase. As at 31 December 2024:
- The median value for Houses in Lavington is $461,709 while the median value for Units is $330,968.
- Houses have a median rent of $470 while Units have a median rent of $350.
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