4/401 Griffith RoadLavington NSW 2641
Property Details for 4/401 Griffith Rd, Lavington
4/401 Griffith Rd, Lavington is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1980. The property has a land size of 718m2 and floor size of 53m2. While the property is not currently for sale or for rent, it was last sold in December 2022.
Last Listing description (January 2023)
Wanting to get into the property market? Either an Investor or someone wanting affordable low maintenance living will recognise this opportunity.
This refurbished one bedroom townhouse is situated within an easy walk to the Lavington Shopping Centre and Aldi. The townhouse has had a makeover prior to leasing, and has been lovingly maintained by the one long term tenant.
The modern renovations give the unit an industrial vibe, with polished concrete floors, open plan kitchen living and dining, and large sliding doors opening to the grassed area.
There is modern open storage throughout, with a large wall to wall open wardrobe in the bedroom. The bathroom even boasts a bathtub. The electric hot water system is reasonably new and the home is comfortable year round with a split system reverse cycle airconditioner.
Outside has a small gated yard, a storage unit and a covered carport, with direct and easy entry to the property from Bevan Street.
The exemplary tenant is currently paying $230 per week, which represents a Gross Yield of 6.3%. The tenants current lease agreement expires early December, however the tenant would like to re sign for a further 12 months or more.
Don't delay arrange an inspection today!
Property History for 4/401 Griffith Rd, Lavington, NSW 2641
- 05 Dec 2022Sold for $186,000
- 21 Nov 2022Listed for Sale SOLD - $186,000
- 20 Nov 2019Listed for Rent $200 / 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 7,859 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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