FOR SALE
Price Guide $2,500,000

479-481 Crown Street
West Wollongong NSW 2500

Bedrooms: 7
Bathrooms: 4
Car spaces: 11
Land area: 1704m2
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RARE MIXED USE INVESTMENT OPPORTUNITY

This exceptional property portfolio offers a rare blend of residential and commercial assets on a substantial 1,704m² site, featuring multiple income streams and an array of value-add or development possibilities (STCA).
- Comprising three, two-bedroom townhouses, each with private courtyard spaces and dedicated parking, all fully leased and delivering a stable rental income.
- Two adjoining commercial cottages with a medical-style fit-out, ideally suited for a range of professional or medical uses, offered with vacant possession.
- Positioned in a prominent area near Wollongong's Public and Private Hospitals, offering excellent access to local amenities and services.
- This fully strata-titled complex is available in one line, presenting a streamlined purchase opportunity for investors or developers alike.
-This diverse asset provides flexibility to invest, partially occupy, or further develop (STCA), catering to a range of residential and mixed-use visions.
To arrange an inspection or for more information on the property, please contact the exclusive marketing agents
Cooper Reed - 0447 178 967
Travis Machan - 0447 300 800

Property Details for 479-481 Crown St, West Wollongong

479-481 Crown St, West Wollongong is a 7 bedroom, 4 bathroom BlockOfUnits with 11 parking spaces. The property has a land size of 1704m2. The place is currently for sale with MMJ Wollongong.

Building Type
BlockOfUnits
Land Size
1704m2

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About West Wollongong 2500

The size of West Wollongong is approximately 2.1 square kilometres. It has 14 parks covering nearly 10.7% of total area. The population of West Wollongong in 2011 was 4,447 people. By 2016 the population was 4,824 showing a population growth of 8.5% in the area during that time. The predominant age group in West Wollongong is 20-29 years. Households in West Wollongong are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in West Wollongong work in a professional occupation. In 2011, 66.1% of the homes in West Wollongong were owner-occupied compared with 60.5% in 2016.

West Wollongong has 2,396 properties. Over the last 5 years, Houses in West Wollongong have seen a 50.67% increase in median value, while Units have seen a 35.59% increase. As at 31 October 2024:

  • The median value for Houses in West Wollongong is $1,051,231 while the median value for Units is $674,965.
  • Houses have a median rent of $655 while Units have a median rent of $488.
There are currently 18 properties listed for sale, and 11 properties listed for rent in West wollongong on OnTheHouse. According to CoreLogic's data, 88 properties were sold in the past 12 months in West wollongong.

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Cooper Reed
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Travis Machan
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MMJ Wollongong
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