2/23 Lyly Rd, Allambie Heights is a 3 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1970. The property has a land size of 275m2 and floor size of 105m2. While the property is not currently for sale or for rent, it was last sold in July 2021.
Call Ken on 0400 620 000 to Arrange an Appointment.
This home has been renovated throughout, with new floors, paint, kitchen downstairs etc. It offers lots of flexibility for a large family or investor.
It is currently separated into two strata titled properties and is currently rented downstairs, but a staircase could easily be installed to combine it once again into a single dwelling.
Unit 1 -The top level contains three bedrooms all with built-ins, and main with walk-in robe & en-suite. There are two large decks one at the front and one at the rear. The large living area flows from the front door with new floorboards and new paint, the dining area & kitchen flow from the lounge to the large rear deck with district tree top views toward the coast.
Unit 2- Downstairs is entered via a flight of external stairs, there are three large bedrooms two with built-ins, new timber floors, paint, and lights throughout. The large living area flows to the dining /Kitchen and out to the large deck that overlooks the rear yard and cabin.
There is also a self-contained cabin with a front deck and its own toilet and shower at the rear of the block of land.
Investment Possibilities - The property being Strata titled & separated allows for somewhat different ownership models and for two to three rental income streams, plus potential to build a larger Granny Flat subject to Council approval.
It sits in quiet cul de sac, so all traffic is local, there is a large double suspended concrete parking pad at road level, and the house is below the parking as the block slopes away from the road. The land is 797 sqm. It is a short walk to Warringah Mall, B-line bus stop & schools.
Council Rates Each Unit - $358.80 /qtr
Water Rates Each Unit - $248.36 /qtr
Rental Unit 2 - $810 per week
Rental Unit 1 - $875 per week
Total Rent $1685 / week.
The size of Allambie Heights is approximately 6.5 square kilometres. There are 19 parks, covering nearly 59.4% of the total area. The population of Allambie Heights in 2016 was 7009 people. By 2021 the population was 7317 showing a population growth of 4.4% in the area during that time. The predominant age group in Allambie Heights is 40-49 years. Households in Allambie Heights are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Allambie Heights work in a professional occupation.In 2021, 78.90% of the homes in Allambie Heights were owner-occupied compared with 78.30% in 2016.
Allambie Heights has 2,833 properties. Over the last 5 years, Houses in Allambie Heights have seen a -0.88% decrease in median value, while Units have seen a 13.34% increase. As at 31 August 2026:
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