5 Swamp StreetLawrence NSW 2460
Property Details for 5 Swamp St, Lawrence
5 Swamp St, Lawrence is a 6 bedroom, 2 bathroom House with 2 parking spaces and was built in 1970. The property has a land size of 1711m2 and floor size of 313m2. While the property is not currently for sale or for rent, it was last sold in September 2021.
Last Listing description (November 2021)
In a quiet street only accessed by direct neighbours, here you soak in the best of rural/residential landscape, alongside the Clarence River views that are yet to be fully optimised. Central to Grafton and Yamba you really do have everything within your reach. Maclean approx. 10km down the road after a relaxing ferry-ride makes way for bougee breakfasts and delicious Botero Barista Creations.
The block of land is of approx. 1720m2 with a powered garage and carport at the front, and at rear vegetable gardens and so much potential. On inspection you can see that over time, alterations have been made to form dual living. In the past this has served the sellers well as they always been able to be accommodate family and friends independently when required.
The ground level currently offers a patio and an alfresco area, a large open plan living and dining space, galley style kitchen, study nook, wood fire heating, 2 good sized bedrooms, a combined bathroom/laundry and the original garage converted to an open pantry. This level is comfortable and self-sufficient for the current owners.
The upper level offers another spacious living area with aircon (also heated by the downstairs wood fire heater), a massive main bedroom with WIR, 2 more bedrooms and a large rumpus room that can act as a large 4th bedroom. This level has a spa bathroom with large shower, fully equipped kitchen, and veranda. No laundry is located on this level however there is ample space to plumb one if required. Currently upstairs is accessed only by the internal stairs.
For the investor, the opportunity here could be (STCA), to wall-off the existing internal stairs and give access to the upper level via external stairs. The patio on the upper level already offers internal/external access and in the 4th bedroom upstairs (marked bedroom 2 on the floor plan) you can see a door to the rear has been sealed off and clad over in the past. It makes sense to presume stairs met that door. These changes would make 2 fully independent homes and given the ongoing demand for rental properties; this could prove rewarding. Any addition of decks or entertainment areas from the back of the home undeniably value-add as they promise lovely river views!
If the levels were made independent, we estimate the following rental return in the current market- Ground level: $300 pw, Upper level: $350 pw. As the house is now, we estimate a rental return of approx. $450 - $500pw.
Contact Kylie Swift 0488 161 621 to express your interest before you miss out!
DISCLAIMER:
Whilst a high duty of care has been exercised in sourcing all marketing content, we cannot always guarantee its accuracy. We ask that prospective purchasers carry out their own searches and investigations on matters of personal or professional interest.
Property History for 5 Swamp St, Lawrence, NSW 2460
- 25 Nov 2021Listed for Sale Offers Invited
- 20 Sep 2021Sold for $495,000
- 04 Jun 2021Listed for Sale Offers Invited
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0About Lawrence 2460
The size of Lawrence is approximately 132.6 square kilometres. It has 3 parks covering nearly 4.9% of total area. The population of Lawrence in 2011 was 1,047 people. By 2016 the population was 1,046 showing a population decline of 0.1% in the area during that time. The predominant age group in Lawrence is 60-69 years. Households in Lawrence are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Lawrence work in a trades occupation. In 2011, 87.3% of the homes in Lawrence were owner-occupied compared with 84.6% in 2016.
Lawrence has 711 properties. Over the last 5 years, Houses in Lawrence have seen a 69.03% increase in median value. As at 31 October 2024:
- The median value for Houses in Lawrence is $616,491 while the median value for Units is $435,032.
- Houses have a median rent of $395.
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