18 King StreetLorn NSW 2320
Property Details for 18 King St, Lorn
18 King St, Lorn is a 4 bedroom, 4 bathroom House with 4 parking spaces and was built in 1998. The property has a land size of 916m2. While the property is not currently for sale or for rent, it was last sold in April 2023.
Last Listing description (April 2023)
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The Property Highlights:
The current owners are sad to be moving on from this fantastic investment opportunity, with four self-contained units all on one title. The corner block location offers plenty of off-street parking and low-maintenance lawns with established trees, and the long-term tenants' desire to stay on makes this a set-and-forget addition to the portfolio.
The Location:
Sitting within walking distance of the hustle and bustle of Lorn shopping district, Maitland CBD, transport, and the riverside levee, this property is in a prime location.
Maitland CBD + Levee 3 min (1.2km)
Stockland Green Hills 12 min (7.6km)
Newcastle CBD + Foreshore 43 min (36.2km)
The Style:
Suitable for a wide range of tenants, inside lies a neutral colour palette, with laminate flooring throughout the kitchen and carpet in the living and bedroom areas, with lush lawns and gardens complementing the timeless brick exterior.
The Life:
It's easy to imagine the benefits of this attractive investment option, and easier still to make it happen.
With four self-contained units all on one title, you can benefit from generating multiple streams of long-term rental income with ease. The units are already tenanted by happy long-term occupants, who would love to stay on, ensuring stable and reliable returns for your investment.
Located on a low-maintenance corner block, the property features neat and tidy lawns, established trees, and plenty of off-street parking, making it an attractive option for a wide range of tenants looking for convenience and comfort.
As if the above wasn't enough, 18 King Street sits within walking distance to the vibrant Lorn shopping district, Maitland CBD, and transport. This highly sought-after location ensures constant demand and hints at solid capital growth, making it an excellent investment choice for those looking to generate long-term wealth.
So, whether you're looking to expand or begin your portfolio, this is a deal that's hard to look past. With 4 self-contained units, ample off-street parking, and a prime location within walking distance of shops and transport, 18 King Street Street has all the ingredients you should look for in an investment.
SMS 18King to 0428 166 755 for a link to the online property brochure.
Property History for 18 King St, Lorn, NSW 2320
- 11 Apr 2023Sold for $1,100,000
- 17 Mar 2023Listed for Sale Guide $1,100,000
- 10 Oct 2019Listed for Rent $200 / week
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About Lorn 2320
The size of Lorn is approximately 4.6 square kilometres. It has 4 parks covering nearly 2.9% of total area. The population of Lorn in 2011 was 1,263 people. By 2016 the population was 1,350 showing a population growth of 6.9% in the area during that time. The predominant age group in Lorn is 40-49 years. Households in Lorn are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lorn work in a professional occupation. In 2011, 79% of the homes in Lorn were owner-occupied compared with 79.2% in 2016.
Lorn has 683 properties. Over the last 5 years, Houses in Lorn have seen a 48.03% increase in median value, while Units have seen a 64.29% increase. As at 31 October 2024:
- The median value for Houses in Lorn is $886,568 while the median value for Units is $497,575.
- Houses have a median rent of $645 while Units have a median rent of $335.
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