Lakemba

A modernised 91 sqm unit at Lakemba with a lock up garage was Sydney&#39;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.

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It was marketed as having a very high rental potential.

It comes with strata fees of $615 per quarter.

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It last sold at $210,000 in 2003, meaning the sale represents a near doubling in value

jchancellor

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

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A two-bedroom Lakemba unit has sold for $450,000, making it Sydney’s cheapest long weekend auction sale.
Located at <a href="https://www.realestate.com.au/sold/property-unit-nsw-lakemba-126292778" target="_blank">8/13 Quigg Street North</a>, the 102 sqm property is within walking distance to most amenities and public transport.
Built in 1970 the property last sold in 2007 for $220,000.
It features two large bedrooms with the main having its own built-in robe while the updated kitchen has an eat-in dining area.
There is also a spacious lounge room and driveway facing balcony.
Other feature includes a 20 sqm lock-up garage.
The property was offered through Ray White agent John Yatman.
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j.ballantyne1990-6AQqhLzZaK

Two bedroom Lakemba unit sold for $450,000

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A mechanics shed at the rear of a cottage in south-western Sydney has been sold at $2.25 million.
Located on 1498 square metres, the <a href="https://www.realestate.com.au/property-house-nsw-lakemba-127600430" target="_blank">69 Wangee Road</a>, Lakemba property features four large bedrooms, large living area, original kitchen and bathroom and an additional workshop at the rear ready for operation.
The property is currently zoned Light Industrial IN2 and situated on two lots, offering the potential for re-zoning (S.T.C.A). 
 It is close to places of worship, local train station, schools &amp; Lakemba's popular Haldon Street and the newly constructed Woolworths. 
The house property sold through John Yatman from Ray White.
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Mechanics shed at Lakemba cottage sold

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A 1970s Lakemba apartment was Sydney’s cheapest auction sale at $355,000.
It was a mortgagee sale.
The Yerrick Road unit features two bedrooms, a bathroom, and a small balcony.
There is 69 square metres of internal floorspace, plus a secure car space.
It last traded in 2005 when sold for $170,000, but had traded slightly higher in the 2003 boom at $184,000.
Danny Hassen, from The Agency Inner West, sold the property.
The second mortgagee was Magnolia Capital, who are substantial shareholders in The Agency.
Lakemba’s median unit price is $375,000, according to realestate.com.au, with 92 sales over the past year.
Some recent years have seen as many as 300 units sold annually within the suburb.
Based on the last five years of sales, Lakemba has seen a compound price growth rate of 2.1% for units.
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Lakemba

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