13 Norfolk Ave, Lake Albert is a 5 bedroom, 3 bathroom House with 2 parking spaces and was built in 1980. The property has a land size of 930m2 and floor size of 238m2. While the property is not currently for sale or for rent, it was last sold in September 2025. There are other 5 bedroom House sold in Lake Albert in the last 12 months.
Positioned in the highly sought-after suburb of Lake Albert, this property presents an extraordinary investment opportunity with immediate returns and scope to further enhance value. Offering a main residence plus a self-contained studio apartment, investors will appreciate the strong holding income and future growth potential in one of Wagga's most desirable locations.- The property includes a four-bedroom family home plus a fully self-contained one-bedroom studio apartment, ideal for generating dual rental income or providing flexibility for extended family- The main residence features four bedrooms, including a master with walk-in robe and ensuite- Built-in robes to additional bedrooms provide ample storage- The updated bathroom with separate toilet ensures convenience- The studio apartment includes a generous open-plan layout with kitchenette, bathroom, and built-in cupboard- The main home offers a neat, updated kitchen complete with electric cooking, dishwasher, and excellent storage- Generous interiors include a front lounge room, dining space, and family living area with slow combustion wood fire -An undercover alfresco area with built-in BBQ overlooks the low-maintenance yard- Additional highlights include a single lock-up garage, single carport, garden shed, and inground swimming pool (requiring attention but offering excellent future potential)- Wall-mounted air conditioning and a slow-combustion wood fire provide year-round comfortLeasing Details:- Current rent (main home): $550 per week- Current rent (studio): $310 per week- Potential rent: Main home: $580 $630 per week, Studio: $330 $360 per weekWith a combined potential rental return of up to $990 per week, this property represents an outstanding dual-income investment in a blue-chip suburb.With strong rental yields, future refurbishment potential, and an unbeatable Lake Albert location, this property is a must-see for investors seeking secure returns and long-term growth.Council Rates: $2,409.96 per annumDisclaimer: In preparing this advertisement, we have used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility or liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should rely on their own enquiries to verify the information contained in this advertisement.
The size of Lake Albert is approximately 24.7 square kilometres. It has 10 parks covering nearly 3.5% of total area. The population of Lake Albert in 2016 was 6192 people. By 2021 the population was 6291 showing a population growth of 1.6% in the area during that time. The predominant age group in Lake Albert is 10-19 years. Households in Lake Albert are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Lake Albert work in a professional occupation.In 2021, 79.50% of the homes in Lake Albert were owner-occupied compared with 79.70% in 2016.
Lake Albert has 2,891 properties. Over the last 5 years, Houses in Lake Albert have seen a 73.84% increase in median value, while Units have seen a 82.44% increase. As at 31 October 2025:
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