SOLD
Sold on 19 Aug 2024 for $2,858,290

89 Lake Road
Wallsend NSW 2287

Bedrooms: 3
Bathrooms: 1
Car spaces: 3
Floor area: 120m2
Land area: 858m2
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Property Details for 89 Lake Rd, Wallsend

Building Type
Commercial
Year Built
1960
Floor Size
120m2
Land Size
858m2
Local Government
Newcastle
Lot/Plan
B/DP389170

Last Listing description (November 2012)

BEST Investment!!
With interest rates low and rent returns high now's the perfect time to invest in property and you needn't look any further than 89 Lake Road, Wallsend!! Or if it is a business you are looking to run from home, this property is also ideal having been previously run as an accounting firm and has, already installed phonelines to almost every room, not to mentioned great exposure!!
Featuring 3 bedrooms, 2 with built in wardrobes, separate lounge and dining, top quality renovated kitchen and bathroom, family room upstairs with s/s air, easy maintenance yard currently used as carpark for adjoining nursery, double garage + separate single garage, all on an approx 858m2 block, only minutes to local shops, schools and with a bus stop out the front! Don't miss this opportunity to invest in such a diverse property in one of Newcastle's growth areas! Call to arrange your inspection today!!

Property History for 89 Lake Rd, Wallsend, NSW 2287

A timeline of how this property has performed in the market
Last Sold
$2,858,290
19 Aug 2024
Listed for Rent
$400/w
30 Oct 2012
  • 19 Aug 2024
    Sold for $2,858,290
  • 06 Dec 2012
    Sold for $387,000
  • 10 Nov 2012
    Listed for Sale BEST OFFER OVER $349,999
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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 6,604 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 18 properties listed for sale, and 14 properties listed for rent in Wallsend on OnTheHouse. According to CoreLogic's data, 286 properties were sold in the past 12 months in Wallsend.

Suburb Insights for Wallsend 2287

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.