12 Lewell St, Millbank is a 4 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 1980. The property has a land size of 1085m2 and floor size of 86m2. While the property is not currently for sale or for rent, it was last sold in July 2024.
Earn income that you can leverage from this brick duplex to build another duplex on the site.
Extract from report prepared by Town Planner Saunders Havill Group (report available for serious buyers) Given the density and height requirements outlined within the Low Density Residential Zone Code, an initial assessment has revealed that two (2) additional 2 bedroom dwelling units may be achieved over the site, subject to further design analysis. We believe further intensifying the residential nature of the existing use will not impact the existing streetscape and will provide additional housing stock within proximity of a range of uses.
Also adding in a double bay shed and a solar system on a 1,085m2 never flooded before block all the boxes are ticked for this investment opportunity.
At a Glance Each Unit:
Bedrooms:2
Living Area:1
Bathrooms:1
Toilets:1
Car Accommodation:1
Total Land Size:1,085m2
Age: 45 years old (approx)
Rates: $1,900 per half year (approx)
Rental Appraisal: UNIT 1 - $250.00 - $270.00 per week (approx) includes exclusive shed use
UNIT 2 - $220.00 - $240.00 per week (approx)
The information provided is for use as an estimate only and potential purchasers should make their own enquires to satisfy themselves of any matters.
Close to Schools,Close to Shops,Close to Transport,Garden
The size of Millbank is approximately 3.4 square kilometres. There are 4 parks, covering nearly 7.8% of the total area. The population of Millbank in 2016 was 2512 people. By 2021 the population was 2499 showing a population decline of 0.5% in the area during that time. The predominant age group in Millbank is 70-79 years. Households in Millbank are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Millbank work in a professional occupation.In 2021, 60.10% of the homes in Millbank were owner-occupied compared with 55.70% in 2016.
Millbank has 1,229 properties. Over the last 5 years, Houses in Millbank have seen a 128.39% increase in median value, while Units have seen a 119.14% increase. As at 31 July 2026:
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