Constructed in 2011, 3/8 Chestnut Avenue is a strong acquisition for both owner-occupiers and investors.
The townhouse offers just under 100m2 of well-proportioned living space and high-quality finishes. Complimented by a large deck & open plan living area with panoramic views of kunanyi / Mount Wellington, this home achieves a balance between city-fringe contemporary living and privacy & security due to its position at the rear of the complex.
3/8 Chestnut offers one adjoining park and one guest park. Both bedrooms offer built-in wardrobes, and a separate laundry provides ample storage.
The property is currently leased for $475/week until mid January, however the tenants are open to offering the property as vacant possession. The property was also previously operated as a short-term accommodation on Air BnB.
Located only 10 minutes from the CBD, Lutana is a central suburb rapidly growing in popularity. Please contact Matthew on 0429 229 087 or Cam on 0475 002 814 for more information, or to arrange an inspection.
The size of Lutana is approximately 2.1 square kilometres. There are 4 parks, covering nearly 9.3% of the total area. The population of Lutana in 2016 was 2353 people. By 2021 the population was 2616 showing a population growth of 11.2% in the area during that time. The predominant age group in Lutana is 30-39 years. Households in Lutana are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Lutana work in a professional occupation.In 2021, 61.80% of the homes in Lutana were owner-occupied compared with 62.60% in 2016.
Lutana has 1,243 properties. Over the last 5 years, Houses in Lutana have seen a 33.91% increase in median value, while Units have seen a 28.38% increase. As at 31 May 2026:
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