Boolaroo 4 Lakeview Street

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 bedroomsSpacious central lounge room with reverse cycle AC and gas pointFunctional 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 areaAccessible 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.. 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.

Property Information

• Land area approx 809sqm

Property Features

• Carports 1