FloorPlan
Map175 Lake Road, Elermore Vale, NSW 2287
- 14
- 5
- 10
Sold
Multi Dwelling Residential Investment Opportuntiy
Welcome to 175 Lake Road Elermore Vale, a unique and spacious residential development perfect for investors or syndicates looking for a well maintained low cost investment. This block of villa type units features 5 self contained dwellings consisting of 4 x 3 bedrooms plus 1 x 2 bedroom with their own lock-up garaging all on one title.
This unique opportunity is well maintained and is offered for sale for the first time spread across a generous land area of 1480 sqm providing a solid and consistent income stream currently returning $123,760.00 with future rental upside.
Purchase as is with the excellent returns or take advantage of the opportunity to further develop as strata title units, with total building areas of 596 sqm plus common private outdoor areas for each..
Located in a convenient and sought-after area, this property is sure to impress, close to shopping, schools and John Hunter Hospital with transport near by. . Don't miss out on the opportunity to make this property your own. Offered for sale by Expression of Interest Contact me today for further information.
Daryl Johnson
Licensed Agent
Got a property to sell? Contact us for a free Request Appraisal
Property Info:
- Property ID: L27305588
- Property Type:Block of Units
- Building / Floor Area:596 sqm
- Garages:5
- Open Parking:5
- Land Area:1480 sqm
We Know Your Area
R&H Suburb Profile: Elermore Vale| R&H Suburb Summary | Houses |
|---|---|
| Number of sales | 80 |
| Average Price | $881,406 |
| Median Price | $830,000 |
| Median Rental Price | $650 p.w. |
| Change in Rental Rate (5yr) | 46 % |
| R&H Suburb Summary | Units |
|---|---|
| Number of sales | 47 |
| Average Price | $672,953 |
| Median Price | $690,000 |
| Median Rental Price | $590 p.w. |
| Change in Rental Rate (5yr) | 53 % |
Median Trend - $830,000
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