118 Koona StreetAlbion Park Rail NSW 2527
Property Details for 118 Koona St, Albion Park Rail
118 Koona St, Albion Park Rail is a 0 bedroom, 0 bathroom House. The property has a land size of 10800m2. While the property is not currently for sale or for rent, it was last sold in December 2019.
Last Listing description (June 2010)
Residential Land with Residential and Senior Living DA
Under Instructions from Taylor Woodings Receivers and Managers Appointed, 118-120 Koona Street, Albion Park Rail will be offered for sale via Auction.
The property offers a unique opportunity to purchase a large residential land parcel with existing residence, residential development possibilities or implementation of the development approval to construct housing for older people and people with a disability.
- 118 Koona Street is a large 10,800sqm parcel of land that is largely uncleared and has expansive creek frontage
- 120 Koona Street is a 3,117sqm block that has been cleared and contains a 4 bedroom residence - SOLD
The land is zoned Residential 2 (a) with the objective of to provide primarily detached and semi-detached housing. However, development consent was issued in October 2007 to demolish the existing buildings and construct housing for older people and people with a disabilty containing 49 dwellings.
The property is situated in the heart of the Illawarra, nestled between Wollongong in the north and picturesque Kiama in the south. Located just over an hours drive from Sydney and within two hours from Canberra, Albion Park Rail offers close proximity to beaches, rural tranquility, and great modern amenity.
Main Features Include:
* Total site area approximately 13,917sqm
* 2 Titles to be offered seperately or in one line
* Existing Residence located in 3,117sqm block
* Extensive Creek Frontage
* Quiet Lakefront suburb
* Zoned Residential 2(a)
Property History for 118 Koona St, Albion Park Rail, NSW 2527
- 18 Dec 2019Sold for $1,400,000
- 17 Nov 2015Sold for $1,200,000
- 24 Nov 2014Sold for $500,000
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About Albion Park Rail 2527
The size of Albion Park Rail is approximately 7.2 square kilometres. It has 15 parks covering nearly 4.6% of total area. The population of Albion Park Rail in 2011 was 7,001 people. By 2016 the population was 6,915 showing a population decline of 1.2% in the area during that time. The predominant age group in Albion Park Rail is 50-59 years. Households in Albion Park Rail are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Albion Park Rail work in a trades occupation. In 2011, 69.5% of the homes in Albion Park Rail were owner-occupied compared with 69.5% in 2016.
Albion Park Rail has 3,483 properties. Over the last 5 years, Houses in Albion Park Rail have seen a 64.86% increase in median value, while Units have seen a 57.46% increase. As at 31 October 2024:
- The median value for Houses in Albion Park Rail is $811,882 while the median value for Units is $646,079.
- Houses have a median rent of $600 while Units have a median rent of $540.
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