174 Casino St, South Lismore is a 4 bedroom, 4 bathroom Unit with 4 parking spaces. The property has a land size of 785m2. While the property is not currently for sale or for rent, it was last sold in September 2023. There are other 4 bedroom Unit sold in South Lismore in the last 12 months.
4 x one bedroom Block of units are waiting for an overhaul.
Prior to 2022 flood these units ran at @15% ROI, which is one of the highest returns around.
All they need is the right buyer to conduct some restoration work, and some elbow grease to bring these forward into the future.
* Unique design configurations per unit.
* Front foyer with 2 entries
* Rear entries to 2 units
* good size lock up garages
* Wood flooring
* 2 shared laundries and clotheslines
* Sealed front parking area
* Rental return of up to $1400pw
* Nett rental potential of $1200pw
*Rates $5000 pa
*Insurance $2500pa
The size of South Lismore is approximately 8.6 square kilometres. It has 3 parks covering nearly 3.5% of total area. The population of South Lismore in 2011 was 1,901 people. By 2016 the population was 1,869 showing a population decline of 1.7% in the area during that time. The predominant age group in South Lismore is 10-19 years. Households in South Lismore are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in South Lismore work in a labourer occupation. In 2011, 65% of the homes in South Lismore were owner-occupied compared with 63.5% in 2016.
South Lismore has 1,242 properties. Over the last 5 years, Houses in South Lismore have seen a 13.00% increase in median value, while Units have seen a 41.76% increase. As at 31 July 2024:
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