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Back 1 Wangee Road
Off Market

1 Wangee Road

Lakemba NSW 2195

14
8
8
786 m²
Block of units
Last sold for $4,475,000
David SharmaDavid Sharma, last sold this property on 15 December 2025 after -3 days on market.

Overview

Entire block of 8 solid units with huge upside potential 

Investors, renovators, and developers will all be very attracted to this solid full brick complex of eight apartments, representing an extremely rare opportunity to acquire a potential-packed income generating asset in the heart of Lakemba. All units are currently tenanted to earn immediate rental returns and come with excellent scope to upgrade or modernise. The property offers a superb real estate prospect with massive upside, lots of growth and enormous potential to increase value when renovated or redesigned. - 6 x two-bedroom, 2 x one-bedroom, one-bathroom apartments to be sold in one line - R3 Medium Density Zoning, full income of $204,000 gross per annum (approx.) - Fully functional kitchens plus bathrooms with shared laundries - Private balconies, elevated views to city, 4 garages and 4 car spaces - Outstanding growth and rental scope with solid annual returns - Potential to further update apartments and increase rental yield - 450m walk to Lakemba Heavy Rail/ Future Metro Station, multiple bus stops - Easy access to major arterial roads such as M5 or M4 to CBD and airport - Stone's throw away from ALDI, eateries, schools and shops - Scope to explore development possibilities to fully capitalise (STCA)

Features

14 bedrooms
8 bathrooms
8 carspaces
8 open car spaces
786 m² lot size
Block of units

Estimated Value

We need at least 3 similar 14 bedroom block of units sold in Lakemba over the last 12 months.

Property history for 1 Wangee Road

2025
Sold
$4,475,000
15 Dec 2025 by David Sharma, of McGrath Bankstown
2022
Sold
$2,975,000
Private Sale/Treaty on 19 Jun 2022 by Karem Lakiss, of MayFair Real Estate
2011
Sold
$1,632,500
Auction Sale on 01 Dec 2011 by Aris Dendrinos, of Richardson & Wrench Marrickville

Happy sellers in Lakemba

88%
88% of sellers in Lakemba reported that their sale price either exceeded or met their price expectations.

Lakemba stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 57 reviews in Lakemba over the last 12 months.

Local market activity for 14 bedroom block of units in Lakemba

In the last 12 months, 1 numeral.14-bedroom block of units similar to 1 Wangee Road, have been sold.

This represents a 100% decrease in numeral.14-bedroom block of units sales when compared to the previous 12 months.

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Robi Islam

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