Presenting a rare investment opportunity at 4 Lakeview Street, Boolaroo. This dual key property offers excellent returns with two homes on a single title. Located in the heart of Boolaroo, just a stone's throw from Lake Macquarie, it offers a lifestyle of convenience and leisure. The property is ideally positioned close to the lake, with its walking tracks, boating facilities, and picnic spots providing a great outdoor lifestyle. Easy access to local shops, schools, and transport links makes this property attractive to a wide range of tenants.
Front house:
* Three generous bedrooms
* Spacious central lounge room with reverse cycle AC and gas point
* Functional kitchen, separate laundry and toilet with rear access.
* Front sunroom, off the main bedroom could be converted to study area or 2nd bathroom and walk in robe.
* Freshly painted with new carpet, ready for immediate occupancy.
* Market rent $500.00/ week
Rear house:
* Built in 2018, designed with accessibility in mind, featuring level access throughout.
* Two spacious bedrooms with built-in wardrobes and extra-wide doorways.
* Open-plan living with a modern kitchen, dining and lounge area
* Accessible bathroom with a walk-in shower, ideal for people with mobility needs.
* Two split system air conditioners (living area and main bedroom)
* Double carport, low maintenance lifestyle
* Market rent $550.00/ week
Investment highlights:
* Median House Sale Price: $911,000, reflecting the area's desirability.
* Median Rent Value: $640.00, offering attractive rental opportunities for investors.
* Strong Growth: Over the last 12 months, Boolaroo has experienced a remarkable growth rate of 12.6%, demonstrating its resilience and potential for investment returns.
* Long-Term Growth: Over the last 5 years, Boolaroo has seen substantial growth, with an impressive increase of 85.3%, indicating its long-term viability as a property investment
destination.
* Market Activity: Homes in Boolaroo are in high demand, spending an average of 43 days on the market, a testament to the area's appeal and strong market activity.
This is a fantastic opportunity for investors seeking strong returns in the sought-after Lake Macquarie area, known for its lakeside living and growing infrastructure. With plenty of potential for easy value-adding opportunities (subject to council approval), the property offers scope for further enhancement. This is an investment with solid returns now and even greater potential for future growth.
Zoning: R2 Low Density Residential
Land Area: 809sqm approx
Council: Lake Macquarie
Land Rates: $1966pa approx
Water Rates: $826pa approx
IMPORTANT INFORMATION ABOUT AUCTIONS –
We welcome you to bid on-site or on-line.
All registrations need to be completed prior to the auction and require approval. Please allow sufficient time for the registration process.
Register via this link.. https://buy.realtair.com/properties/144950.
Call 02 4943 6333 if you require assistance.
We have obtained all information from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations. Photos maybe digitally edited and include virtual furniture.
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