OFF MARKET

30 Burke Way
Berkeley NSW 2506

Bedrooms: 1
Bathrooms: 16
Car spaces: 12
Land area: 1931m2
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Property Details for 30 Burke Way, Berkeley

30 Burke Way, Berkeley is a 1 bedroom, 16 bathroom House with 12 parking spaces. The property has a land size of 1931m2. While the property is not currently for sale or for rent, it was last sold in December 2021.

Building Type
House
Land Size
1931m2
Local Government
Wollongong
Lot/Plan
1690/DP504851

Last Listing description (December 2021)

A rare opportunity presents for astute investors looking to value add their investment portfolio or self-managed superfund with this established residential block that incorporates a mix of 16 one bedroom and/or bed-sits flats - all minutes’ walk to local community shops, clubs, council pool, schools and Tuggerah Bay boat ramp, Lake Illawarra.

With a projected gross annual rent of approximately $155,000pa*, the block comprises two separate full brick buildings for a total building area of 575sqm over two combined lots totalling 1948sqm - WCC Zoning R2 Low Density Residential.


Considerable scope exists to further develop the site and/or maximise rental returns with timely refurbishments when they fall due and/or the construction of additional further dwellings or similar.

For further details and inspection please call David Meikle direct on 0412 422 294

WCC Rates $7500pa | Water $11,500pa | Land Size 1948 sqm | Zoning R2 - Low Density Residential

* - projected rent income on newly completed 12 month leases based on mostly 6 monthly turnkey rental increases.

Property History for 30 Burke Way, Berkeley, NSW 2506

A timeline of how this property has performed in the market
Last Sold
$3,250,000
17 Dec 2021
Listed for Rent
$240/w
17 Dec 2021
  • 17 Dec 2021
    Sold for $3,250,000
  • 16 Nov 2021
    Listed for Rent $240 / week
  • 05 Nov 2021
    Listed for Sale Sold - $3,250,000
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About Berkeley 2506

The size of Berkeley is approximately 7.2 square kilometres. It has 18 parks covering nearly 20.4% of total area. The population of Berkeley in 2011 was 7,426 people. By 2016 the population was 7,612 showing a population growth of 2.5% in the area during that time. The predominant age group in Berkeley is 50-59 years. Households in Berkeley are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Berkeley work in a trades occupation. In 2011, 60.6% of the homes in Berkeley were owner-occupied compared with 59.3% in 2016.

Berkeley has 3,592 properties. Over the last 5 years, Houses in Berkeley have seen a 77.11% increase in median value, while Units have seen a 47.38% increase. As at 31 October 2024:

  • The median value for Houses in Berkeley is $732,760 while the median value for Units is $723,921.
  • Houses have a median rent of $570 while Units have a median rent of $590.
There are currently 16 properties listed for sale, and 4 properties listed for rent in Berkeley on OnTheHouse. According to CoreLogic's data, 153 properties were sold in the past 12 months in Berkeley.

Suburb Insights for Berkeley 2506

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.