FOR SALE
6% RETURN!!

6/1-5 Mount Keira Road
West Wollongong NSW 2500

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
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STUDIO APARTMENT

Elders Real Estate Wollongong have on offer this inner city studio apartment.
Positioned perfectly in a central location - surrounded by escarpment views.
This neat and tidy studio apartment features a combined open bedroom, living and kitchenette, separate bathroom and one parking space.
A simple investment opportunity to potentially gain a strong rental yield. Currently leased at $280 per week.
Would suit a first home buyer, downsizer, or investor.
Conveniently located within the sought after Medical Precinct with both public and private hospitals only a short distance away to Wollongong Railway station. An easy stroll to Wollongong CBD mall, Tafe and Wollongong University, direct access to the free shuttle bus, M1 motor way, private schools, shops, restaurants & cafes, and famous coastal beaches.
Sydney CBD and airport only 1 hour away.
This property definitely is a must see!
Call today and schedule your private inspection.

Property Details for 6/1-5 Mount Keira Rd, West Wollongong

6/1-5 Mount Keira Rd, West Wollongong is a 1 bedroom, 1 bathroom Studio with 1 parking spaces. The place is currently for sale with Elders Real Estate Wollongong.

Building Type
Studio

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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 2,411 properties. Over the last 5 years, Houses in West Wollongong have seen a 55.74% increase in median value, while Units have seen a 37.57% increase. As at 30 September 2024:

  • The median value for Houses in West Wollongong is $1,058,057 while the median value for Units is $694,312.
  • Houses have a median rent of $678 while Units have a median rent of $480.
There are currently 8 properties listed for sale, and 10 properties listed for rent in West wollongong on OnTheHouse. According to CoreLogic's data, 94 properties were sold in the past 12 months in West wollongong.

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Jonathan Niceski
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