47 Newbridge St, South Lismore is a 3 bedroom, 1 bathroom House with 3 parking spaces. The property has a land size of 873m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 3 bedroom House sold in South Lismore in the last 12 months.
This beautifully renovated three bedroom home is brand new inside and represents an excellent investment opportunity. There is a tenant in place on a six month lease at a reduced rent. The property currently offers a yield of approx 5.5%, with the opportunity to achieve 6% when full rent is being collected. The property has the added benefit of having no maintenance required as all the appliances and fitout are new. The exterior of the home has been clad, further reducing maintenance costs.
With lovely hardwood floors and high ceilings, the home has a spacious feel. The kitchen has loads of bench and cupboard space and opens onto the rear deck which overlooks the backyard. A fantastic shed will suit the home handyman providing ample storage and there's rear lane access to the property giving ease of access to the shed and the level fenced yard. For convenience, a second toilet is located downstairs and the property is in close proximity to primary school, shops and transport.
Features of this lovely home are:
This property was impacted by the Feb 2022 flood event.
Cute home, beautifully renovated and there's a great shed!!
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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