26 Pandora StreetLightning Ridge NSW 2834
Property Details for 26 Pandora St, Lightning Ridge
26 Pandora St, Lightning Ridge is a 3 bedroom, 2 bathroom House with 6 parking spaces and was built in 1980. The property has a land size of 1001m2 and floor size of 132m2. While the property is not currently for sale or for rent, it was last sold in October 2023.
Last Listing description (November 2023)
:: Excellent Long-Term Tenant
:: Air-Conditioned
:: Beautiful Spacious Kitched
:: 3 Toilets
:: Great BBQ Area
26 Pandora St Lightning Ridge
Great Value at $380,000)
This excellent property is being offered as a sound investment to the astute buyer. The current tenant, Mission Australia, has had their operations going since 2016 and the present Lease does not expire until July 2024 and will most likely continue with the rent to $1,800 per month.
The Return on Investment with rent of $1,800 per month, is approximately 6.4%. This has the potential of making solid equity gains.
The site is Zoned R1 (Residential 1), the Rates are $463 per quarter and the land size is 1,000 m2.
The well-maintained 3-bedroom home boasts a huge modern kitchen with large dining area. It is equipped with a large gas stove, exhaust range hood, new dishwasher, and double sink. The well appointed family bathroom has a spa bath, separate shower, vanity, and toilet.
The front bedroom has an ensuite, with shower and toilet. The spacious laundry has a 3rd toilet conveniently located close to the very functional outdoor BBQ area.
At the rear of the block there is large storage shed approximately 10m x 6m. Rear lane access is also available.
Of cause, the zoning can also allow for the property to become an excellent family home, subject to the current Lease. All bedrooms are now serving as offices.
Please call Glen, on 0439 864 600, to inquire furt increasing her or to arrange an inspection of this fantastic opportunity.
Property History for 26 Pandora St, Lightning Ridge, NSW 2834
- 06 Oct 2023Sold for $349,000
- 26 Jul 2023Listed for Sale Not Disclosed
- 29 Jun 2006Sold for $120,000
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About Lightning Ridge 2834
The size of Lightning Ridge is approximately 2,139.2 square kilometres. It has 3 parks covering nearly 0.7% of total area. The population of Lightning Ridge in 2011 was 2,491 people. By 2016 the population was 2,267 showing a population decline of 9.0% in the area during that time. The predominant age group in Lightning Ridge is 50-59 years. Households in Lightning Ridge are primarily childless couples and are likely to be repaying $600 - $799 per month on mortgage repayments. In general, people in Lightning Ridge work in a community and personal service occupation. In 2011, 59.3% of the homes in Lightning Ridge were owner-occupied compared with 55.2% in 2016.
Lightning Ridge has 1,767 properties. Over the last 5 years, Houses in Lightning Ridge have seen a 55.85% increase in median value, while Units have seen a 34.44% increase. As at 30 November 2024:
- The median value for Houses in Lightning Ridge is $158,099 while the median value for Units is $275,061.
- Houses have a median rent of $300 while Units have a median rent of $320.
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