5 Atkins Avenue, Russell Lea, NSW 2046

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Auctioned for $2,400,000 (May 01, 2021)

A great Russell Lea opportunity of light, style and potential

This attractive family home has been smartly updated throughout and is ready to be lived in yet holds a lot of potential to truly capitalise on its great location. Set on an ample size landholding with an extra-wide 17m street frontage, it offers so many options with potential to use as an investment with immediate rental returns, a great family home or an opportunity for developers.

The home is smartly appointed throughout and ready to live-in or lease out while planning the future. It features three double bedrooms, a recently renovated kitchen and an open plan living area with polished timber floors, plus the added comfort of air-conditioning. It sits on a great-sized level block with private front and rear yards as well as a huge basement level garage, workshop and storerooms.

This is a very unique property that will bring excellent rewards to those looking for a real estate project that would bring enormous value in the future. Move in, rent out or redevelop (STCA) – Either way, it represents a premium prospect with a big future and is located in a quiet cul-de-sac within easy walking distance to local shops, waterfront parks, schools and city transport.

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Residential Sales Executive
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Property Info:
  • Property ID: L6861422
  • Property Type: House
  • Garages: 2
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R&H Suburb Profile: Russell Lea

R&H Suburb Summary Houses
Number of sales 61
Average Price $3,278,115
Median Price $2,900,000
Median Rental Price $950 p.w.
Change in Rental Rate (5yr) 12 %
R&H Suburb Summary Units
Number of sales 25
Average Price $1,296,401
Median Price $1,035,000
Median Rental Price $500 p.w.
Change in Rental Rate (5yr) -2 %
Russell Lea, NSW - Median Trend