$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
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.