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.
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.
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:
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