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

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

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

Tags: 
Lakemba Auction Affordable Homes

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