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Sold on 05 Aug 2024 for $650,000

8/25 Loftus Street
Wollongong NSW 2500

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 110m2
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Property Details for 8/25 Loftus St, Wollongong

Building Type
Commercial
Floor Size
110m2
Local Government
Wollongong
Lot/Plan
8/SP70361

Last Listing description (August 2024)

Positioned adjacent to Wollongong Hospital in the burgeoning health & medical precinct of the CBD, this substantial three-bedroom apartment has been converted into a successful medical facility with a reception area, waiting room, & consulting suites.

Commercial or residential subject to council approval, the choice is yours.

Continue to reap the benefits of the prime position & existing fit-out, this is an ideal property for those looking for a home office.

Either way, this multi-use property represents a secure investment delivering a healthy return

- Lucrative corner location in the heart of Wollongong's medical district.
- Occupying the end position in a compact building of 8 apartments over 2 levels.
- North facing waiting area opens to sun-blessed full length balcony.
- 3 generous professional rooms, each with wide windows welcoming natural light.
- Neat family bathroom includes full size tub & independent shower. Separate toilet.
- Kitchen adapted to reception area with screens, desks, sink, & storage shelving.
- Carpeted throughout. Air conditioned. Separate laundry. Security bars on windows.
- Sizeable single lock up garage accessed from Darling Street with internal entry.
- Additional designated off-street parking space accessed from Loftus Street.
- Stroll to Wollongong Hospital & surrounding specialist medical services.
- Easy access to train station & CBD shopping, dining, & entertainment options.

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Property History for 8/25 Loftus St, Wollongong, NSW 2500

A timeline of how this property has performed in the market
Last Sold
$650,000
05 Aug 2024
  • 05 Aug 2024
    Sold for $650,000
  • 02 Aug 2023
    Listed for Sale $650,000
  • 12 Oct 2012
    Sold for $325,000

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About Wollongong 2500

The size of Wollongong is approximately 5.9 square kilometres. It has 28 parks covering nearly 23.4% of total area. The population of Wollongong in 2011 was 16,716 people. By 2016 the population was 18,454 showing a population growth of 10.4% in the area during that time. The predominant age group in Wollongong is 20-29 years. Households in Wollongong are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Wollongong work in a professional occupation. In 2011, 39.6% of the homes in Wollongong were owner-occupied compared with 39.6% in 2016.

Wollongong has 15,716 properties. Over the last 5 years, Houses in Wollongong have seen a 47.18% increase in median value, while Units have seen a 38.35% increase. As at 30 September 2024:

  • The median value for Houses in Wollongong is $1,085,312 while the median value for Units is $778,659.
  • Houses have a median rent of $630 while Units have a median rent of $590.
There are currently 102 properties listed for sale, and 78 properties listed for rent in Wollongong on OnTheHouse. According to CoreLogic's data, 745 properties were sold in the past 12 months in Wollongong.

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