Dual Income Now - Triple Income Potential (STCA)

For Sale

61 Mirrabooka Rd, Lake Heights, NSW, 2502

Dual Income Now - Triple Income Potential (STCA)

House

Type

Bedrooms

Bathrooms

Parkings

Last updated on Saturday, March 14, 2026 ( See property details for 61 Mirrabooka Rd, Lake Heights, NSW, 2502)

Price Guide | $1,050,000

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile dual-income property on a generous block with development potential, ideal for investors seeking strong future returns.

🏡 Property Highlights

Established dual-income property with long-term tenants
Potential to add a 2-bedroom granny flat (STCA)
Opportunity to increase rental income through lease review
Generous block size with development upside
Ideal for investors seeking value-add and future yield growth
Two self-contained 2-bedroom units with separate living spaces

✨ Key Features

Open-Plan Living
Waterfront / Views
Dual Living
Open-Plan Living
Waterfront / Views
Dual Living
Open-Plan Living
Waterfront / Views
Dual Living
Open-Plan Living

Suburb and Property Insights of Lake Heights, NSW 2502

Lake Heights is a thriving suburb offering excellent investment prospects with strong rental demand, convenient access to amenities, and future growth potential. It features a friendly community atmosphere, proximity to schools and transport, and a range of recreational facilities, making it an attractive location for both tenants and investors. The area is experiencing steady development and infrastructure improvements, enhancing its long-term appeal. With affordable entry points and high rental yields, Lake Heights is a strategic choice for property investors seeking value and growth opportunities.

Frequently Asked Questions

What is the current condition of the property and its units?

The property comprises two self-contained 2-bedroom units that are well-maintained and currently tenanted, with leases expired allowing for rental review and potential upgrades.

What are the development restrictions or approvals needed for adding a granny flat?

Adding a granny flat at the rear of the property requires council approval (STCA), and prospective buyers should consult local planning regulations for specific requirements.

What is the rental income potential after lease review?

With expired leases, there is immediate potential to increase rental income by adjusting rents to market rates, enhancing overall returns.

Are there any existing planning or zoning restrictions on the property?

The property is zoned for residential use, with potential for development subject to council approval (STCA). Buyers should verify zoning details with local authorities.

What are the nearby amenities and transport options?

Lake Heights offers convenient access to local schools, shopping centres, public transport, and recreational facilities, making it a desirable location for tenants.

What to ask about this property to agent?

Are there any hidden costs or upcoming maintenance requirements for the property? Has the property been inspected for structural issues or pests? Are there any zoning restrictions or easements that could affect development plans? What are the council requirements and approval timelines for adding a granny flat? Is the property located in a flood or bushfire-prone area? Are there any planned developments or construction projects nearby that could impact the property? What are the strata or community title considerations, if applicable? Are there any restrictions on rental increases or lease renewals? What are the ongoing council rates and property taxes? Is there any history of disputes or issues with tenants or neighbours?

61 Mirrabooka Rd, Lake Heights, NSW, 2502 - More Details

Dual Income Now - Triple Income Potential (STCA)

Type: House
Bedrooms: 4
Bathrooms: 2
Parkings: 1

61 Mirrabooka Rd, Lake Heights, NSW, 2502 - Point Of Interest

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Your Commute at a Glance: 61 Mirrabooka Rd, Lake Heights, NSW, 2502

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61 Mirrabooka Rd, Lake Heights, NSW, 2502

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