8 Barker Street, Lincoln, Selwyn

Nestled at 8 Barker Street, Lincoln, Selwyn, this Residential - Dwelling is a spacious two-level freehold property, built in 1960 with mixed materials for the walls and tiles for the roof, both in good condition. It boasts 5 bedrooms, 1 carpark, and a floor area of 190sqm on a levelled 1224sqm section. The property's Capital Value has remained stable at $680,000 since September 2021, with a 0.0% increase. The HouGarden AVM estimates the property's value at $675,000, while the latest sale history shows an increase from $565,000 in 2019 to $775,000 in 2024, indicating a potential for growth.

For families with school-aged children, the property falls within the decile 9 Villa Maria College and decile 10 Lincoln Primary School zones, among others. This provides an excellent educational framework for the kids. The property currently yields $825 per week from stable tenants, making it an immediate portfolio earner with unbeatable value for its size, location, and liveability.

With its ample space, this home is perfect for a blended or extended family. The open plan lower level leads to a sprawling covered decking, while the upper level landing could serve as a second living area with access to a sunny balcony. The detached sleep-out includes two additional bedrooms, ideal for older teens. The cul-de-sac section offers ample parking and play space for active children. This property is not just a home but a sound investment with potential for added value.

Updated on November 20, 2024