OFF MARKET

405 Reid Avenue
Lavington NSW 2641

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 104m2
Land area: 938m2
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Property Details for 405 Reid Ave, Lavington

405 Reid Ave, Lavington is a 2 bedroom, 1 bathroom House and was built in 1940. The property has a land size of 938m2 and floor size of 104m2. While the property is not currently for sale or for rent, it was last sold in January 2024.

Building Type
House
Year Built
1940
Floor Size
104m2
Land Size
938m2
Local Government
Albury City
Lot/Plan
9/DP23910

Last Listing description (February 2024)

Ready, set, go! We have the block for you.

* 945.5m2 Corner Block.
* Positioned on Reid Av & Kemp St, this central location has a major

shopping centre just a 5 min walk away.
* Approved torrens title sub-division of block from council.
* Existing House on 490m2 (block 1), currently rented at $320pw.
* 456 m2 approved removal of shed (block2)
* Plans for Duplex 2 bedroom / 2 bathroom units.
* Potential rent of units $400pw each

Projected gross rental income in current market conditions of $1120 p.w

Albury Wodonga continues and is projected to experience stable and exciting growth, proving to be a regional hub with strong investment qualities.

This opportunity allows the savvy developer, investor or builder to deliver a sought after and profitable housing solution, and speed the process up with planning consent for subdivision already in hand.

Get in touch with Jo on 0407 462 278 or Royce on 0450 566 402 now.

https://www.consumer.vic.gov.au/duediligencechecklist

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Property History for 405 Reid Ave, Lavington, NSW 2641

A timeline of how this property has performed in the market
Last Sold
$425,000
12 Jan 2024
  • 12 Jan 2024
    Sold for $425,000
  • 14 Dec 2023
    Listed for Sale $425,000
  • 27 Jan 2022
    Sold for $290,000
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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 7,888 properties. Over the last 5 years, Houses in Lavington have seen a 87.95% increase in median value, while Units have seen a 80.09% increase. As at 31 January 2025:

  • The median value for Houses in Lavington is $463,308 while the median value for Units is $344,189.
  • Houses have a median rent of $470 while Units have a median rent of $350.
There are currently 48 properties listed for sale, and 19 properties listed for rent in Lavington on OnTheHouse. According to CoreLogic's data, 393 properties were sold in the past 12 months in Lavington.

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