61 Mirrabooka RoadLake Heights NSW 2502
Property Details for 61 Mirrabooka Rd, Lake Heights
61 Mirrabooka Rd, Lake Heights is a 4 bedroom, 2 bathroom House with 1 parking spaces and was built in 1960. The property has a land size of 729m2 and floor size of 84m2. While the property is not currently for sale or for rent, it was last sold in June 2007.
Last Listing description (May 2026)
An outstanding opportunity for investors looking to secure an established dual-income property with clear upside. Positioned on a generous block, 61 Mirrabooka Road currently consists of two separate 2-bedroom units - one upstairs and one downstairs - both occupied by long-term tenants.
The current leases have expired and rents have not been increased for some time, presenting immediate potential for a rental adjustment and improved returns.
Where the real opportunity lies is at the rear of the property. Subject to council approval (STCA), the block offers the potential to add a 2-bedroom granny flat, creating three separate income streams on the one parcel of land - a strategy many investors are using to push yields above the local market average.
Key Features:
Two self-contained 2 bedroom units (upstairs & downstairs)
Dual income property with long-term tenants
Expired leases allowing for rental review
Granny flat potential (STCA) at the rear
Opportunity to create three incomes on one block
Ideal for investors seeking value-add and strong future yield
Properties offering this combination of existing income and clear development upside are becoming harder to find in the local market. For investors looking to increase cash flow and manufacture stronger returns, this is an opportunity worth exploring
Property History for 61 Mirrabooka Rd, Lake Heights, NSW 2502
- 13 Mar 2026Listed for Sale Price Guide | $1,000,000
- 09 Jun 2021Sold
- 07 Jan 2020Listed for Rent $310 / week
Recent sales nearby
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About Lake Heights 2502
The size of Lake Heights is approximately 1.6 square kilometres. There are 11 parks, covering nearly 11.8% of the total area. The population of Lake Heights in 2016 was 3845 people. By 2021 the population was 4105 showing a population growth of 6.8% in the area during that time. The predominant age group in Lake Heights is 0-9 years. Households in Lake Heights are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lake Heights work in a trades occupation.In 2021, 68.30% of the homes in Lake Heights were owner-occupied compared with 69.80% in 2016.
Lake Heights has 1,882 properties. Over the last 5 years, Houses in Lake Heights have seen a 34.16% increase in median value, while Units have seen a 36.40% increase. As at 30 June 2026:
- The median value for Houses in Lake Heights is $912,814 while the median value for Units is $737,339.
- Houses have a median rent of $690 while Units have a median rent of $565.
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