OFF MARKET

38 Rae Crescent
Balgownie NSW 2519

Bedrooms: 3
Bathrooms: 2
Car spaces: -
Floor area: 56m2
Land area: 620m2
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Last updated 11 Nov 2024
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Property Details for 38 Rae Cres, Balgownie

38 Rae Cres, Balgownie is a 3 bedroom, 2 bathroom Unit and was built in 1972. The property has a land size of 620m2 and floor size of 56m2. While the property is not currently for sale or for rent, it was last sold in July 2022.

Building Type
Unit
Year Built
1972
Floor Size
56m2
Land Size
620m2
Local Government
Wollongong
Lot/Plan
137/DP238551

Last Listing description (November 2024)

Situated in a low traffic & sought after address, this rare offering is perfect for a wide range of buyers. Be it a family buying jointly, a live in one & rent the other situation or a full investment opportunity This property caters for the lot. Further comprises;

- Well cared for 2 flat building.
- Single level building on near level allotment.

- Both flats offer well proportioned floor plans with open plan living and internal laundries.
- Well maintained flats throughout.
- Land Dimensions of 17.07m x 36.58m, with land area of 620m2.
- Potential duplex site, subject to council approvals.
- Quiet and tightly held address, approximate 3 minute drive to local shopping village.
- Neighbourhood allows for easy walking in a largely level area.
- Double carport structure at the rear of the site.
- Both flats leased with excellent tenants, with current total rent of $850 per week.
- Ample life style conveniences with well regarded schools, numerous parks/reserves & Balgownie Football Club all within approximate 10 min walk.

Disclaimer: We have obtained all information provided here from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations and satisfy themselves of all aspects of such information including and without limitation, any income, rentals, dimensions, areas, zoning, inclusions and exclusions.

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Property History for 38 Rae Cres, Balgownie, NSW 2519

A timeline of how this property has performed in the market
Last Sold
$1,275,000
07 Jul 2022
  • 18 Apr 2024
    Listed for Sale Contact Agent
  • 07 Jul 2022
    Sold for $1,275,000
  • 16 Oct 2018
    Listed for Sale Price Guide $950,000
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About Balgownie 2519

The size of Balgownie is approximately 3.6 square kilometres. It has 15 parks covering nearly 16.5% of total area. The population of Balgownie in 2011 was 5,447 people. By 2016 the population was 5,537 showing a population growth of 1.7% in the area during that time. The predominant age group in Balgownie is 40-49 years. Households in Balgownie are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Balgownie work in a professional occupation. In 2011, 76.8% of the homes in Balgownie were owner-occupied compared with 76.9% in 2016.

Balgownie has 2,560 properties. Over the last 5 years, Houses in Balgownie have seen a 68.25% increase in median value, while Units have seen a 43.88% increase. As at 31 October 2024:

  • The median value for Houses in Balgownie is $1,184,799 while the median value for Units is $884,553.
  • Houses have a median rent of $740 while Units have a median rent of $690.
There are currently 15 properties listed for sale, and 7 properties listed for rent in Balgownie on OnTheHouse. According to CoreLogic's data, 106 properties were sold in the past 12 months in Balgownie.

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