SOLD
Sold on 11 Jun 2024 for $171,000

14 Lachlan Street
Leeton NSW 2705

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Floor area: 9491m2
Land area: 9491m2
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Property Details for 14 Lachlan St, Leeton

14 Lachlan St, Leeton is a 3 bedroom, 1 bathroom House and was built in 1970. The property has a land size of 9491m2 and floor size of 9491m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 3 bedroom House sold in Leeton in the last 12 months.

Building Type
House
Year Built
1970
Floor Size
9491m2
Land Size
9491m2
Local Government
Leeton
Lot/Plan
252/DP751735

Last Listing description (July 2024)

The existing property on the premises adds an extra layer of potential, however the current structure will require significant renovations. While its bones hold the promise of a restored, income-producing asset, with vision and creativity, this dwelling could be transformed into a charming residence or a lucrative rental property, enhancing the overall value of the entire block. Please also note the sale will also include a Barn style shed which will provide a great value adding benefit to the future owner and their ventures with the property.

This unique real estate opportunity is nestled on an expansive 9491 square metre block of land which presents a canvas of possibilities for astute investors and developers alike. Boasting not only a generous land size but also the potential added layer of subdivision potential, subject to council approval & guidelines, this property is a rare find in today's market.

The property's strategic location ensures convenience, between Leeton & Griffith further enhances its appeal, making it an attractive prospect for both developers and those seeking a unique residential project.

Prospective buyers have the exciting opportunity to capitalize on the current dwelling's restoration potential while exploring the potential possibility of subdividing the expansive land, pending the necessary approvals from the local council. This dual potential creates a versatile investment proposition, allowing for a blend of immediate returns and long-term growth.

In summary, this 9491 square metre block of land presents a rare combination of size, a rare and large land component, and a character-filled dwelling awaiting transformation. The canvas is blank, the potential is vast, and the future is yours to shape. Seize this opportunity to invest in a property that not only promises a return on investment but also the chance to contribute to the revitalization of a unique piece of real estate in Wamoon.

Contact Jamie Bertolin or Daniel Febo at LeetonRE today

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Property History for 14 Lachlan St, Leeton, NSW 2705

A timeline of how this property has performed in the market
Last Sold
$171,000
11 Jun 2024
  • 11 Jun 2024
    Sold for $171,000
  • 15 Feb 2024
    Listed for Sale Price Range $190,000 - $209,000
  • 18 Mar 2021
    Sold for $170,000
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About Leeton 2705

The size of Leeton is approximately 230.6 square kilometres. It has 17 parks covering nearly 0.6% of total area. The population of Leeton in 2011 was 8,414 people. By 2016 the population was 8,626 showing a population growth of 2.5% in the area during that time. The predominant age group in Leeton is 10-19 years. Households in Leeton are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Leeton work in a labourer occupation. In 2011, 68.3% of the homes in Leeton were owner-occupied compared with 64.9% in 2016.

Leeton has 4,858 properties. Over the last 5 years, Houses in Leeton have seen a 83.59% increase in median value, while Units have seen a 90.58% increase. As at 31 October 2024:

  • The median value for Houses in Leeton is $371,544 while the median value for Units is $362,600.
  • Houses have a median rent of $415 while Units have a median rent of $330.
There are currently 12 properties listed for sale, and 2 properties listed for rent in Leeton on OnTheHouse. According to CoreLogic's data, 204 properties were sold in the past 12 months in Leeton.

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