12 Lemnos St, Red Hill is a 5 bedroom, 3 bathroom Unit with 3 parking spaces and was built in 1970. The property has a land size of 675m2 and floor size of 220m2. While the property is not currently for sale or for rent, it was last sold in December 2020.
A fantastic opportunity beckons to purchase this boutique complex consisting of three units all currently tenanted with a combined annual rental of approximately $45,000 per annum (approx.), with opportunity for potential to increase to $50,000 per annum (approx..). Situated on a fantastic allotment of 675sqm, there are opportunities abound for discerning investors.
Superbly located in a quiet cul-de-sac in the coveted inner-city suburb of Red Hill, this property is tremendously appealing currently established as 2 x one-bedroom units and 1 x three-bedroom unit. Each unit boasts single lock up garage, air conditioning and outdoor common areas.
The size of Red Hill is approximately 140.9 square kilometres. It has 7 parks covering nearly 0.3% of total area. The population of Red Hill in 2011 was 5,546 people. By 2016 the population was 5,565 showing a population growth of 0.3% in the area during that time. The predominant age group in Red Hill is 20-29 years. Households in Red Hill are primarily childless couples and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Red Hill work in a professional occupation. In 2011, 50.6% of the homes in Red Hill were owner-occupied compared with 50.5% in 2016.
Red Hill has 2,785 properties. Over the last 5 years, Houses in Red Hill have seen a 80.29% increase in median value, while Units have seen a 54.86% increase. As at 30 September 2024:
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