3/562 Union RoadLavington NSW 2641
Property Details for 3/562 Union Rd, Lavington
3/562 Union Rd, Lavington is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1970. The property has a land size of 116m2 and floor size of 103m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 2 bedroom Unit sold in Lavington in the last 12 months.
Last Listing description (August 2024)
Welcome to an exceptional investment opportunity situated in the heart of Lavington CBD. This meticulously maintained ground-floor unit not only boasts a prime location but also features an exemplary tenant and a robust rental history, making it a prime choice for discerning investors.
This two-bedroom unit showcases a spacious lounge room equipped with both heating and cooling systems, ensuring year-round comfort for its occupants. The functional kitchen offers ample storage space, streamlining daily living.
Adding to the convenience, a dedicated single carport provides hassle-free parking. The property's strategic location guarantees easy access to amenities and a short commute to either Lavington or Albury CBD, enhancing its appeal for potential tenants.
Currently fetching an impressive $290.00 per week in rent, with a scheduled increase to $300.00 per week in May 2024, this property yields an approximate return of 5.9% - 6.1%. With a reliable tenant in place and a robust rental history, this investment promises both stability and growth potential.
Whether you are a seasoned investor or a first-time buyer, this property offers a dependable income stream and a robust addition to your portfolio. Seize the opportunity to secure this ideal investment property.
Property Features:
- Two bedrooms, both with built-in robes
- Spacious loungeroom with heating and cooling
- Functional kitchen with electric cooking and ample storage
- Combined bathroom and laundry with a separate toilet
- Single carport accommodation
- Secure tenancy until February 2025 and strong rental history
Property History for 3/562 Union Rd, Lavington, NSW 2641
- 10 Jul 2024Sold for $250,000
- 10 Jan 2024Listed for Sale $252,500
- 23 Mar 2023Listed for Rent $290 / week
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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 7,823 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.
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