OFF MARKET

61 Hunter Street
Lismore NSW 2480

Bedrooms: 10
Bathrooms: 5
Car spaces: 1
Floor area: 102m2
Land area: 782m2
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Property Details for 61 Hunter St, Lismore

61 Hunter St, Lismore is a 10 bedroom, 5 bathroom Unit with 1 parking spaces and was built in 1970. The property has a land size of 782m2 and floor size of 102m2. While the property is not currently for sale or for rent, it was last sold in July 2021.

Building Type
Unit
Year Built
1970
Floor Size
102m2
Land Size
782m2
Local Government
Lismore
Lot/Plan
4/DP559146

Last Listing description (October 2022)

A unique investment opportunity.

This property is in a prime investment location, situated within the Lismore Base Hospital precinct, with frontal access to Hunter Street opposite the hospital and rear lane access to Laurel Avenue and within walking distance to the city centre and Lismore Square.

The property comprises a 2 storey brick and tile building with 4 x 2 bedrooms units on the upper floor and 1 x 2 bedroom unit with a spare room on the lower floor and has been well maintained. Currently rented by one entity with a history of stable long-term tenancy, the units are offered fully furnished and there are 5-6 undercover parking areas plus a lockup storage space. It requires very low maintenance.

The current tenant has indicated a desire to negotiate with the purchaser to continue with a rental agreement for all units at current rental market value, subject to conditions.

Here is an opportunity to purchase this property which offers secure and positive returns on your investment.

Phone Gerald on 0408 666 899 for further information and inspection.

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Property History for 61 Hunter St, Lismore, NSW 2480

A timeline of how this property has performed in the market
Last Sold
$1,500,000
26 Jul 2021
  • 26 Jul 2021
    Sold for $1,500,000
  • 01 Jul 2021
    Listed for Sale Expressions of interest
  • 15 Nov 1995
    Sold for $400,000

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About Lismore 2480

The size of Lismore is approximately 3.9 square kilometres. It has 17 parks covering nearly 17.1% of total area. The population of Lismore in 2011 was 3,799 people. By 2016 the population was 3,576 showing a population decline of 5.9% in the area during that time. The predominant age group in Lismore is 50-59 years. Households in Lismore are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Lismore work in a professional occupation. In 2011, 48.9% of the homes in Lismore were owner-occupied compared with 49.2% in 2016.

Lismore has 2,759 properties. Over the last 5 years, Houses in Lismore have seen a 23.94% increase in median value, while Units have seen a 47.29% increase. As at 31 July 2024:

  • The median value for Houses in Lismore is $406,737 while the median value for Units is $421,708.
  • Houses have a median rent of $520 while Units have a median rent of $370.
There are currently 28 properties listed for sale, and 10 properties listed for rent in Lismore on OnTheHouse. According to CoreLogic's data, 189 properties were sold in the past 12 months in Lismore.

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