OFF MARKET

52 Lake Road
Wallsend NSW 2287

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 90m2
Land area: 660m2
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Last updated 11 Nov 2024
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Property Details for 52 Lake Rd, Wallsend

52 Lake Rd, Wallsend is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1950. The property has a land size of 660m2 and floor size of 90m2. While the property is not currently for sale or for rent, it was last sold in November 2022.

Building Type
House
Year Built
1950
Floor Size
90m2
Land Size
660m2
Local Government
Newcastle
Lot/Plan
A/DP402524

Last Listing description (January 2023)

This three-bedroom property not only comes with brilliant long-term tenants who would love to stay, but the 645sqm block also has DA approval taking advantage of the dual access from Dorrigo Street to build a second separate street facing dwelling. Double your investment with the construction of the new three-bedroom, two-bathroom Torrens Title home and sell or rent out both; or live in the existing house while building the other. Better still, there is no time limit on the DA approval. Build the new dwelling now or anytime in the future. Or, should you choose to move in, one of the dwellings also gives you separate space for grown children saving for their own home, ageing parents, or extended family members. With easy access to Newcastle link road, the Hunter Expressway, John Hunter Hospital, University of Newcastle, and a choice of shopping centres in Wallsend, Elermore Vale and Glendale, convenience comes as part of the package.

- Weatherboard & tile 3-bedroom, 1-bathroom home on 645sqm dual access block
- Beautifully kept by long term tenants, currently returning $365 per week

- DA approved for dual occupancy /construction of new 3-bed Torrens Title home, with 2 bathrooms and garage.
- No expiry on the DA approval
- A choice of shopping is close by at Wallsend, Elermore Vale or Glendale
- 600m to Kindy Patch childcare, 800m to Elermore Vale Public school
- 2km to Macquarie College, 3.4km to Glendale High, 6km to university
- 10minute drive to M1 Pacific Motorway and Hunter Expressway
- 20minute drive into Newcastle city centre and beaches
- Please contact us for a copy of the DA approved plans.

Disclaimer:
All information contained herein is gathered from sources we deem reliable. However, we cannot guarantee its accuracy and act as a messenger only in passing on the details. Interested parties should rely on their own enquiries.

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Property History for 52 Lake Rd, Wallsend, NSW 2287

A timeline of how this property has performed in the market
Last Sold
$650,000
25 Nov 2022
Listed for Rent
$335/w
13 Feb 2018
  • 25 Nov 2022
    Sold for $650,000
  • 29 Aug 2022
    Listed for Sale Under Contract
  • 05 Feb 2018
    Listed for Rent - Price not available
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About Wallsend 2287

The size of Wallsend is approximately 13.5 square kilometres. It has 41 parks covering nearly 6.7% of total area. The population of Wallsend in 2011 was 12,308 people. By 2016 the population was 12,458 showing a population growth of 1.2% in the area during that time. The predominant age group in Wallsend is 20-29 years. Households in Wallsend are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Wallsend work in a professional occupation. In 2011, 65.5% of the homes in Wallsend were owner-occupied compared with 61.2% in 2016.

Wallsend has 6,600 properties. Over the last 5 years, Houses in Wallsend have seen a 68.79% increase in median value, while Units have seen a 53.05% increase. As at 31 October 2024:

  • The median value for Houses in Wallsend is $775,654 while the median value for Units is $583,035.
  • Houses have a median rent of $590 while Units have a median rent of $545.
There are currently 15 properties listed for sale, and 13 properties listed for rent in Wallsend on OnTheHouse. According to CoreLogic's data, 290 properties were sold in the past 12 months in Wallsend.

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