31 Preiss Street

Lockyer WA 6330

951 m²

House

Paul Armstrong, last sold this property on 02 June 2025 after 21 days on market.

Overview

BUDGET FIRST HOME BUY - SUBDIVISION POTENTIAL

Within easy reach of city amenities and featuring subdivision potential, this original property poses an affordable opportunity for first home buyers and key income prospects for prospective investors and/or developers. It is among the cheapest available in its category in the current local market, which presents first home buyers with a rare opportunity to get a foot in the door to owning their place. The property also has sound investment and potential development appeal. It will be sold in as is condition and include a structural report, if the buyer requires it. The basic home stands on a big level lot, with wide vehicle access possible either side to the substantial untapped backyard and a double garage. The private front verandah provides access to a comfortable semi-open lounge, which flows to the main bedroom. The central meals and pleasant kitchen zone leads to a second bedroom and the rear wing, which contains a utility area, third bedroom, laundry with storage and a previously refreshed bathroom. The property is currently rented at $265 per week on periodic lease term. Recent estimates indicate it could fetch a weekly rental income of between $430 and $460 in the current market. Get your offer in now and make the most of this cheapie. For more detailed information or to arrange a private viewing please contact Paul Armstrong on 0459 381 382.

Features

3 bedrooms

1 bathroom

2 carspaces

2 garage spaces

951 m² lot size

House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Lockyer over the last 12 months, the estimated median property value of 31 Preiss Street is $537.75k.

Median value

$537.75k

Estimated value range

$350k - $950k

Median days on market

Estimated value trend

42%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Lockyer. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 31 Preiss Street

2025

Sold

Undisclosed

Private Sale/Treaty on 02 Jun 2025 by Paul Armstrong, of Wellington & Reeves - Albany

Happy sellers in Lockyer

We have insufficient information to provide an overview of customer satisfaction for Lockyer. Viewing the agent profiles, reviews and sales for Lockyer can provide insights for this location.