SOLD
Sold on 25 Jan 2024 for $890,000

65 Main Street
Lithgow NSW 2790

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 228m2
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Property Details for 65 Main St, Lithgow

Building Type
Commercial
Land Size
228m2
Local Government
Lithgow City
Lot/Plan
2/DP207913

Last Listing description (November 2023)

Located on the busy Main Street of Lithgow, this two storey building offers an excellent investment opportunity.
The property consists of a ground floor retail currently operating as a highly successful pizzeria and a two bedroom residential flat upstairs as well as a large rear courtyard and parking area.
The Hub Pizza currently has a long term lease and has been very successful in its operation since reopening in July 2020.

With the population of Lithgow showing high growth and many housing estates in the area offering affordable housing this is a prime investment that will only improve in the years to come.
Contact the agent for details or to arrange an inspection.

Property History for 65 Main St, Lithgow, NSW 2790

A timeline of how this property has performed in the market
Last Sold
$890,000
25 Jan 2024
  • 25 Jan 2024
    Sold for $890,000
  • 11 May 2023
    Listed for Sale Contact Agent
  • 26 Oct 2022
    Listed for Sale $1,600,000
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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 3,253 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.
There are currently 73 properties listed for sale, and 22 properties listed for rent in Lithgow on OnTheHouse. According to CoreLogic's data, 140 properties were sold in the past 12 months in Lithgow.

Suburb Insights for Lithgow 2790

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.