$408,000 Lakemba apartment ranked as Sydney's cheapest weekend apartment auction outcome

It last sold at $210,000 in 2003, meaning the sale represents a near doubling in value
$408,000 Lakemba apartment ranked as Sydney's cheapest weekend apartment auction outcome
Jonathan ChancellorApril 25, 2021

A modernised 91 sqm unit at Lakemba with a lock up garage was Sydney's cheapest weekend auction sale.

The 1970s apartment came with a storeroom/home office.

The 12/586 Punchbowl Road Lakemba offering was offered through Ray White Punchbowl agents Kamal Ali and Sam Mehedi.

The two bedroom, one bathroom apartment went to auction with a $360,000 price guide.

It was marketed as having a very high rental potential.

It comes with strata fees of $615 per quarter.

 

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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