4/282 Lyons Rd, Russell Lea is a 1 bedroom, 1 bathroom Unit and was built in 1965. The property has a land size of 1062m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 1 bedroom Unit sold in Russell Lea in the last 12 months.
Secluded to the quiet and private rear of a boutique mid-century block, this bright and airy apartment offers a perfect opportunity for the first homebuyer or an easy readymade investment in a fantastic spot footsteps to Lyons Road's cafe and social scene. On the sunny northern side of the block with only one common wall, the one-bedroom apartment's clean lines, roomy interiors and retro charm make for comfortable living with parking on title a massive bonus. One of only nine in the secure Newbury Lodge, there's plenty of potential here to add value with a cosmetic update with low strata levies making it an ideal market entry.
- Quiet rear of block position, secure near-level access
- Well-proportioned interiors, windows on the north
The size of Russell Lea is approximately 1 square kilometres. It has 6 parks covering nearly 1% of total area. The population of Russell Lea in 2011 was 4,779 people. By 2016 the population was 4,983 showing a population growth of 4.3% in the area during that time. The predominant age group in Russell Lea is 40-49 years. Households in Russell Lea are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Russell Lea work in a professional occupation. In 2011, 72.3% of the homes in Russell Lea were owner-occupied compared with 72.2% in 2016.
Russell Lea has 2,174 properties. Over the last 5 years, Houses in Russell Lea have seen a 52.40% increase in median value, while Units have seen a 32.49% increase. As at 30 November 2024:
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