Triple the Opportunity, Triple the Investment Appeal!

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528 Union Road, Lavington NSW 2641

ONLINE AUCTION

Search Band Search Visibility Band

$1.1M - $1.21M Low Confidence Calculated based on limited search observations.

House 6 Beds 3 Baths 4 Cars 731 m² 297 m²

Listed: 5 days ago

Overview

This property presents a rare investment opportunity featuring three income-producing two-bedroom units situated on a well-maintained 730 square meter allotment in the established suburb of Lavington. With a combined building footprint of approximately 297 square meters, the complex generates strong rental returns with an annual income exceeding $66,000, appealing to seasoned investors seeking immediate and diversified income streams.

The design of each residence emphasizes practicality and ease of maintenance, ensuring accommodation that suits tenants' needs while minimizing upkeep. Open-plan living and dining areas create inviting communal spaces, enhanced by updated kitchens equipped with electric cooking appliances and ample storage, fostering convenient and comfortable everyday living.

Each unit's two bedrooms are generously sized and include built-in robes that provide essential storage without limiting room usability. Bathrooms are functional and well-presented, while separate laundries add valuable practicality. Recent cosmetic updates, including refined floor coverings and fresh paint throughout, refresh the interiors, enhancing their appeal.

Year-round comfort is assured with reverse-cycle split system air conditioning and heating installed in every unit, an important feature that supports tenant satisfaction and retention. The complex is complemented by parking provisions comprising three carport spaces plus one off-street parking spot, adding convenience for occupants.

Located within walking distance of essential amenities, residents enjoy easy access to local supermarkets such as Coles, specialty shops, cafés, schools, and recreational facilities. This strategic position within an established residential area with strong transport connections enhances the investment's appeal and long-term viability.

Offering the combined benefits of multiple rental incomes, refreshed presentation, solid tenancy features, and a prime suburban location, 528 Union Road stands as a compelling acquisition for investors looking to strengthen their property portfolio with versatile assets promising steady returns and growth potential.

Local Market Insights

In Lavington, Quiet Listings observed 21 new houses entering the market over the last 30 days, up from 17 during the previous 30-day period, with an average advertised asking price of $675,476. The property type mix of listed properties is predominantly Houses at 64%, followed by units (18%), and commercial properties (6%). The most active agency for houses in the Lavington area is currently Ray White, representing 19% of new listings, followed by Gilson Yonson Real Estate with 19%. 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.