57 Macdonald St, Lakemba is a 16 bedroom, 8 bathroom House with 1 parking spaces and was built in 1972. The property has a land size of 1012m2 and floor size of 67m2. While the property is not currently for sale or for rent, it was last sold in August 2025. There are other 16 bedroom House sold in Lakemba in the last 12 months.
Tightly held, blue chip investment block of 8 units comprising of 8 x 2 bedroom units in prime location sitting on a healthy 1,011sqm block of land. Some standout features include: - 8 x 2 bedroom units- All with spacious living areas - Most units have large, updated eat-in kitchens - All units have internal laundrys & balconies - Solid full brick construction - All units have allocated parking - R4 high density zoning - Frontage: 14.77m Land size: 1,011sqm- 800m to Lakema train station (soon to be completed metro line)- Potential gross return of 6.5% based on projected rental return The property is under rented and has an existing annual rental income of $153,920 with potential rental upside to increase rents in line with market and current demand to $208,000 (conservatively).Golden opportunity for the astute investor to capitalise on this affordable offering and reap the rewards to unlock this properties potential.Outgoings:Water rates: $11,439.60 per annum approx. Council rates: $7,472 per annum approx. CONTACT: Marc Dissinger 0413 750 868 or marc@ralphfirst.com.au
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 7,390 properties. Over the last 5 years, Houses in Lakemba have seen a 49.54% increase in median value, while Units have seen a 35.22% increase. As at 30 April 2026:
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