1 Wangee RoadLakemba NSW 2195
Property Details for 1 Wangee Rd, Lakemba
1 Wangee Rd, Lakemba is a 14 bedroom, 8 bathroom Unit with 8 parking spaces. The property has a land size of 785m2. While the property is not currently for sale or for rent, it was last sold in December 2025. There are other 14 bedroom Unit sold in Lakemba in the last 12 months.
Last Listing description (April 2026)
Investors, renovators, and developers will all be very attracted to this solid full brick complex of eight apartments, representing an extremely rare opportunity to acquire a potential-packed income generating asset in the heart of Lakemba. All units are currently tenanted to earn immediate rental returns and come with excellent scope to upgrade or modernise. The property offers a superb real estate prospect with massive upside, lots of growth and enormous potential to increase value when renovated or redesigned. - 6 x two-bedroom, 2 x one-bedroom, one-bathroom apartments to be sold in one line- R3 Medium Density Zoning, full income of $204,000 gross per annum (approx.)- Fully functional kitchens plus bathrooms with shared laundries - Private balconies, elevated views to city, 4 garages and 4 car spaces - Outstanding growth and rental scope with solid annual returns - Potential to further update apartments and increase rental yield - 450m walk to Lakemba Heavy Rail/ Future Metro Station, multiple bus stops - Easy access to major arterial roads such as M5 or M4 to CBD and airport - Stone's throw away from ALDI, eateries, schools and shops - Scope to explore development possibilities to fully capitalise (STCA)
Property History for 1 Wangee Rd, Lakemba, NSW 2195
- 16 Dec 2025Listed for Sale $4,475,000
- 16 Dec 2025Sold for $4,475,000
- 29 Mar 2022Listed for Sale Contact Agent
Recent sales nearby
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About Lakemba 2195
The size of Lakemba is approximately 2.2 square kilometres. There are 11 parks, covering nearly 6.7% of the total area. The population of Lakemba in 2016 was 17023 people. By 2021 the population was 17092 showing a population growth of 0.4% in the area during that time. The predominant age group in Lakemba is 30-39 years. Households in Lakemba are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lakemba work in a professional occupation.In 2021, 38.60% of the homes in Lakemba were owner-occupied compared with 39.10% in 2016.
Lakemba has 7,384 properties. Over the last 5 years, Houses in Lakemba have seen a 42.65% increase in median value, while Units have seen a 32.80% increase. As at 31 May 2026:
- The median value for Houses in Lakemba is $1,445,469 while the median value for Units is $567,217.
- Houses have a median rent of $800 while Units have a median rent of $530.
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