1 Barton StreetLithgow NSW 2790
Property Details for 1 Barton St, Lithgow
1 Barton St, Lithgow is a 3 bedroom, 16 bathroom Unit. The property has a land size of 6056m2.
Last Listing description (November 2024)
Discover a prime investment opportunity in the heart of Lithgow, where vibrant community living meets strategic location. Just steps from essential amenities-such as the Lithgow Showground and schools-these 16 quality villas are designed to attract long-term tenants. With a strong net income of $289,396 per annum and a remarkable 100% occupancy rate, these properties ensure a reliable cash flow and immediate potential for rental increases.
Lithgow serves as the gateway to the Central West, offering easy access to Sydney and benefiting from a robust infrastructure and a growing community. The flexible R1 zoning and absence of strata fees further enhance the investment appeal, allowing for greater ownership control and potential future growth.
Seize this exceptional opportunity to invest in a thriving regional market that combines stability with the promise of long-term returns. Don't miss your chance to secure a sound investment with strong growth potential!
- Generate a net income of $289,396 per annum
- Achieving 100% occupancy, these villas ensure a steady rental income
- Immediate opportunities for rental reversion upside
- 16 quality brick veneer villas, offered in both two and three bedroom configurations
- Each villa features open-plan living area, creating a welcoming space for residents to enjoy
- Including secure parking and a small private rear yard, perfect for relaxation or entertaining
- Set on a substantial 6,055.52 sqm* land holding, offering significant potential for growth
- Flexible R1 zoning. Situated on a single title, eliminating strata fees for owners
- Located within the Lithgow Recreational Facility Precinct
- Conveniently close to Lithgow Train Station and the Great Western Highway
The entire set of villas will be offered for sale in one transaction by Auction on Tuesday, 12 November 2024 at Knight Frank, Level 22, Angel Place, 123 Pitt Street, Sydney from 11.00am.
Property History for 1 Barton St, Lithgow, NSW 2790
- 11 Oct 2024Listed for Sale Auction
- 25 Oct 2022Listed for Rent $360 / week
- 22 Dec 2015Listed for Rent $290 / week
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About Lithgow 2790
The size of Lithgow is approximately 6 square kilometres. It has 18 parks covering nearly 23.4% of total area. The population of Lithgow in 2011 was 5,649 people. By 2016 the population was 5,211 showing a population decline of 7.8% in the area during that time. The predominant age group in Lithgow is 60-69 years. Households in Lithgow are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Lithgow work in a trades occupation. In 2011, 65% of the homes in Lithgow were owner-occupied compared with 62% in 2016.
Lithgow has 3,250 properties. Over the last 5 years, Houses in Lithgow have seen a 58.89% increase in median value, while Units have seen a 80.15% increase. As at 31 October 2024:
- The median value for Houses in Lithgow is $492,473 while the median value for Units is $361,573.
- Houses have a median rent of $410 while Units have a median rent of $330.
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