Unit 2, 3 COLIN STREET Lakemba NSW 2195
This property is Off Market
- Last sold 10/22/2024 for $650,000. The Average property price in this area is $886,691, this is based on recent transactions.
- Internet speed Download 100 Mbps / Upload 40 Mbps
- Distance to the coast 9.01 km
- Potential bushfire risk 0 / 10
- Report as to subsidence
- Potential Land Contamination risk
- Powerlines within 200m 0
Street view
Property For Sale Nearby
Recently Sold Properties in this Area
- 10/22/2024 72 DENNIS ST $510,000
- 10/22/2024 271 LAKEMBA ST $192,500
- 10/21/2024 190 HALDON ST $445,000
- 10/21/2024 73 YANGOORA RD $535,000
- 10/18/2024 103 DENNIS ST $1,700,000
About Lakemba
With an average age of 31, households expect an average monthly mortgage payment of $1,500 or a weekly rent payment of $325. The average family earns a weekly income of $1,146 with a typical household size of 2.9 and a 87.44% employment rate.
In Lakemba there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Lakemba is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The slightly lower than average earnings from occupations in Lakemba changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. Lower than average industry presence in Lakemba we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Lakemba a better buying opportunity than it may have been in the past.
Public Transport
Wiley Park
General Points of Interest
Australian Air Cadets Memorial
Auburn Central
Canterbury Public Golf Course
Panania War Memorial
Efogi
Fanny Durack Aquatic Centre
Kogarah Golf Course
War Memorial
Mount Lewis Bowling Club
Potts Park
Population
(Country of Birth not stated 8%)
Are people healthy?
There are a recorded 1351 asthma sufferers and 971 people living with diabetes. In addition, 586 people have a heart/vascular condition and 865 people live with three or more chronic diseases.A good place to invest in property?
Lakemba a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
New South Wales State average 59 / 100
Income
06 / 100
31 / 100
Industry
15 / 100
22 / 100
Population
10 / 100
19 / 100
House Prices
50 / 100
60 / 100
Jobs
16 / 100
29 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
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School CatchmentsWiley Park GHS Belmore BHS Hampden Park PS
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Belmore Boys High School
Belmore, NSW, 2192 State 7-12 -
Wiley Park Girls High School
Punchbowl, NSW, 2196 State 7-12 -
Rissalah College
Lakemba, NSW, 2195 Independent K-7 -
Canterbury Vale School
Lakemba, NSW, 2195 State U -
Wiley Park Public School
Wiley Park, NSW, 2195 State K-6 -
Holy Spirit Catholic College
Lakemba, NSW, 2195 Independent 7-12 -
Hampden Park Public School
Lakemba, NSW, 2195 State K-6 -
Al Hikma College
Lakemba, NSW, 2195 Independent K-6 -
St Therese's Catholic Primary School
Lakemba, NSW, 2195 Independent K-6 -
Lakemba Public School
Lakemba, NSW, 2195 State K-6
Property Story
Unit 2, 3 Colin Street, Lakemba, Nsw, 2195 is a residential property with 3 bedrooms, 1 bathrooms and 1 Parking spaces. The estimated value of this home is $1,150,000 while properties of this type typically sell for between $330,000 and $1,220,000 in this suburb. The estimated distance to the sea is 9.01km and at least 1.09KM to vegatation considered to be a factor in bushfire risk.Local Developments
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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