57 Macdonald Street, Lakemba, NSW 2195 sold on 08 August 2025 | OnTheHouse
SOLD
Sold on 08 Aug 2025 for $3,805,000

57 Macdonald Street
Lakemba NSW 2195

Bedrooms: 16
Bathrooms: 8
Car spaces: 1
Floor area: 67m2
Land area: 1012m2
Sold By
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Ralph First Real Estate
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Property Details for 57 Macdonald St, Lakemba

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.

Building Type
House
Year Built
1972
Floor Size
67m2
Land Size
1012m2
Local Government
Canterbury-Bankstown
Lot/Plan
1/DP124434

Last Listing description (November 2025)

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

Property History for 57 Macdonald St, Lakemba, NSW 2195

A timeline of how this property has performed in the market
Last Sold
$3,805,000
08 Aug 2025
  • 08 Aug 2025
    Sold for $3,805,000
  • 14 Jul 2025
    Listed for Sale Sold at auction
  • 14 Aug 2018
    Sold
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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 7,390 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:

  • The median value for Houses in Lakemba is $1,447,752 while the median value for Units is $569,264.
  • Houses have a median rent of $770 while Units have a median rent of $530.
There are currently 45 properties listed for sale, and 31 properties listed for rent in Lakemba on OnTheHouse. According to Cotality's data, 260 properties were sold in the past 12 months in Lakemba.

Suburb Insights for Lakemba 2195

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.