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Overview
This unique property presents a rare investment opportunity comprising three well-maintained residential units bundled into a single strata plan, offering versatility and strong rental returns for investors. Each unit is thoughtfully separated with its own secure backyard, providing excellent privacy and outdoor space that tenants or owners can enjoy.
Units 1 and 2, both two-bedroom layouts, are designed with functional features including neutral interiors, well-appointed bathrooms, and kitchens equipped with gas stove tops and rangehoods. Access to the lock-up garages is internal, ensuring convenience and security. Notably, Unit 2 has been upgraded to accommodate accessibility needs, featuring a ramp at the entrance and a renovated bathroom with disability-friendly fittings. These two units are currently occupied by long-term tenants, generating consistent rental income with potential for increase, making them attractive choices for investors seeking low-maintenance yet reliable returns.
The third unit offers a larger three-bedroom home, each bedroom fitted with built-in robes and quality window treatments for comfort and privacy. The living space extends to a large undercover entertainment area, perfect for social gatherings or relaxing moments. It also includes a well-equipped kitchen, separate laundry, and internal access to the lock-up garage. With updated plumbing, electrical works, and climate control including gas wall furnace and reverse-cycle air conditioning, this unit ensures comfortable living year-round. The fixed-term lease in place until early 2027 adds a layer of tenancy security for the investor.
The complex's construction is robust, featuring brick veneer walls and a tiled roof, contributing to durability and aesthetic appeal. Collectively, the properties yield a gross rental return estimated around $59,280 annually, with council appraisal indicating potential earnings nearing $65,520, reflecting their strong market position.
Situated centrally in Lavington, the property benefits from excellent proximity to educational institutions, transport options, and sporting facilities, enhancing its attractiveness to tenants and future occupants alike. The nearby Lavington Shopping Complex is a short drive away, further adding convenience to the location.
This offering positions itself as a compelling option for investors looking to expand their portfolio with properties that are maintenance-friendly, generate regular income, and maintain management control through a self-managed strata plan. Its accessibility features also widen the tenant demographic potential, increasing the versatility of the investment.
Local Market Insights
In Lavington, Quiet Listings observed 2 new units entering the market over the last 30 days, down from 11 during the previous 30-day period, with an average advertised asking price of $407,500. The property type mix of listed properties is predominantly Houses at 77%, followed by units (8%), and duplexes (4%). The only agency with for units listings currently monitored in the Lavington area is Ray White. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Change History
| Headline | When |
|---|---|
| $1,200,000 - $1,250,000 | |
| FOR SALE |
Location
Market Insights for Lavington NSW 2641
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