2/702 Lavis Street East Albury NSW 2640

2/702 Lavis Street East Albury NSW 2640
Well-maintained two-bedder near hospital | Strong rental demand in East Albury | Rarely traded street with long-term owners | Reliable NBN and 5G coverage. This unit occupies a practical position in a tightly held street where owner-occupier stability supports capital resilience. The configurationโ€”two bedrooms, one bathroom, single garageโ€”serves first-home buyers and investors targeting the reliable rental corridor around Albury Base Hospital. The 800-metre proximity to the hospital and school catchments for Albury North Public and James Fallon High strengthen tenant demand, while the 66 percent owner-occupier rate in East Albury suggests a neighbourhood unlikely to see sudden turnover or price volatility. For a buyer seeking a low-maintenance entry into a stable suburb, this property offers a straightforward hold with consistent rental potential. The primary risk is the unitโ€™s position on a large 1085-square-metre lot, which may limit future capital growth unless the land can be subdivided or redevelopedโ€”no current overlays suggest this is straightforward. The 1994 last sale date indicates infrequent turnover, meaning price discovery may be less transparent. Buyers should verify body corporate rules and any sinking fund obligations before proceeding. For an investor, the $350โ€“$430 weekly rent range supports a reasonable yield relative to the asking price; for an owner-occupier, the well-maintained condition reduces immediate outlay. Hold this property for steady rental income or as a cost-effective base while monitoring subdivision potential over the medium term.

Independent, Unbiased Research Report for this property by PropCred Analyst teamย 

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Market Insight:

East Albury presents as a stable, professional suburb within a major regional centre, with demand driven by a demographic of working professionals. Recent price growth reflects a market characterised by undersupply, particularly for units, against a backdrop of lower interest rates stimulating activity. Future growth is underpinned by significant local infrastructure investment, yet constrained by a persistent shortage of ready-to-sell stock, especially for houses, which poses a key risk to affordability and market fluidity.
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PropCred Estimated Value

Bedrooms

2

Bathroom

1

Parking

1

Land

1085mยฒ

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