8 Stratton Ave, Lenah Valley is a 6 bedroom, 3 bathroom House with 2 parking spaces and was built in 1980. The property has a land size of 734m2 and floor size of 288m2. While the property is not currently for sale or for rent, it was last sold in August 2011.
Excellent Investment with Further Development Opportunities
This group of 3 units, in a quiet, sunny location in Lenah Valley represents an excellent investment opportunity.
Currently bringing in $715 per week, with long term tenants, the property consists of 3 units: One 1-2 bedroom, a 2 bedroom and a 3 bedroom unit. In addition there is a vast area under the house (already with a kitchen & bathroom) with potential to develop 2 further bed sits, or other, subject to Council approval.
The size of Lenah Valley is approximately 8.4 square kilometres. It has 10 parks covering nearly 3.3% of total area. The population of Lenah Valley in 2011 was 5,852 people. By 2016 the population was 5,934 showing a population growth of 1.4% in the area during that time. The predominant age group in Lenah Valley is 40-49 years. Households in Lenah Valley are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Lenah Valley work in a professional occupation. In 2011, 75.1% of the homes in Lenah Valley were owner-occupied compared with 74% in 2016.
Lenah Valley has 3,089 properties. Over the last 5 years, Houses in Lenah Valley have seen a 37.83% increase in median value, while Units have seen a 32.83% increase. As at 31 October 2024:
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