3169 Lowmead Rd, Lowmead is a 2 bedroom, 1 bathroom House. The property has a land size of 759m2. While the property is not currently for sale or for rent, it was last sold in January 2020.
Situated at Lowmead, this renovated workers cottage oozes old world charm and an interesting ownership history. Comfortable and affordable it offers an ideal retirement retreat or investment opportunity. With a good size main bedroom, front sunroom, 2nd bedroom/office, lounge room, renovated kitchen with attached dining area, bathroom with modern shower cubicle and vanity, and laundry on the back deck. It has ample tank water, hard wired smoke alarms, electric HWS, & septic system. Located just 2 minutes walk from the local post office and pub it is a great little get-away. As an investment it has served the current owner very well with one long term tenant and steady rental income for 10 years. As a proven stable investment it should return apx 9% gross pa.
The size of Lowmead is approximately 333.2 square kilometres. It has 4 parks covering nearly 34.3% of total area. The population of Lowmead in 2011 was 226 people. By 2016 the population was 162 showing a population decline of 28.3% in the area during that time. The predominant age group in Lowmead is 50-59 years. Households in Lowmead are primarily childless couples and are likely to be repaying $450 - $599 per month on mortgage repayments. In general, people in Lowmead work in a managers occupation. In 2011, 73.2% of the homes in Lowmead were owner-occupied compared with 74.6% in 2016..
Lowmead has 149 properties. Over the last 5 years, Houses in Lowmead have seen a 100.72% increase in median value. As at 31 August 2024:
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