SOLD
RECENT ADVICE
Sold on 26 Sep 2024 for $597,500

2/579 Mair Street
Lavington NSW 2641

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 75m2
Land area: 847m2
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Property Details for 2/579 Mair St, Lavington

2/579 Mair St, Lavington is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1980. The property has a land size of 847m2 and floor size of 75m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 4 bedroom House sold in Lavington in the last 12 months.

Building Type
House
Year Built
1980
Floor Size
75m2
Land Size
847m2
Local Government
Albury City

Last Listing description (October 2024)

Located in a quiet cul-de-sac and offering easy access to Lavington services, this complex of two, 2-bedroom units presents a wonderful investment opportunity.

Offering a $650 per week ($33,800 per annum) combined rental income on fixed tenancy agreements, the property includes the two units plus additional land area to consider a third property development, subject to Council approval.

Neatly presented, each unit offers:

- Two spacious bedrooms with built-in robes
- Well sized kitchens with electric cooking.
- Open plan lounge areas with gas heating and air conditioning.
- Comfortable bathroom / laundry facilities.
- Single carport accommodation plus garden shed storage for Unit 2.
- Outdoor courtyard areas and large enclosed yard for Unit 2.
- Each unit has had paint and carpet renewed in the past couple of years.
- Land size of approximately 847m2.

Now is a strategic time to secure an investment such as this as the yield will only improve.

Council Rates: $1,949.30 approximate per annum.
Water Rates: $855.25 approximate per annum plus consumption.

Property History for 2/579 Mair St, Lavington, NSW 2641

A timeline of how this property has performed in the market
Last Sold
$597,500
26 Sep 2024
Listed for Rent
$340/w
07 May 2024
  • 26 Sep 2024
    Sold for $597,500
  • 27 Aug 2024
    Listed for Sale $575,000
  • 02 Apr 2024
    Listed for Rent $340 / week
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About 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 7,846 properties. Over the last 5 years, Houses in Lavington have seen a 79.96% increase in median value, while Units have seen a 79.30% increase. As at 31 October 2024:

  • The median value for Houses in Lavington is $442,184 while the median value for Units is $323,686.
  • Houses have a median rent of $460 while Units have a median rent of $340.
There are currently 47 properties listed for sale, and 10 properties listed for rent in Lavington on OnTheHouse. According to CoreLogic's data, 360 properties were sold in the past 12 months in Lavington.

Suburb Insights for Lavington 2641

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Matt Sharp
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.