110-112 Gladstone AvenueConiston NSW 2500
Property Details for 110-112 Gladstone Ave, Coniston
110-112 Gladstone Ave, Coniston is a 12 bedroom, 6 bathroom Unit and was built in 1994. The property has a land size of 993m2 and floor size of 58m2. While the property is not currently for sale or for rent, it was last sold in February 2023.
Last Listing description (January 2024)
Presenting an unmissable investment opportunity, this six-unit complex is being offered to the market for the first time.
Set on a 997 m2 block with an R3 Medium Density zoning, each unit contains two bedrooms, one bathroom, a balcony, and comes with a designated off-street parking space. All units are currently rented with a combined gross rental return of $105,560 per annum with the potential to increase.
Conveniently located within walking distance to Coniston train station, local cafes and a short 5-minute drive to Wollongong's CBD. Easy access to the freeway places you within an 80-minute drive to the Sydney CBD.
Consistently experiencing high capital growth, Coniston appeals to the savvy investor who is also seeking great cashflow.
Additional complex features include:
Each unit contains internal laundry
Zoned R3 (0.75:1FSR & 13 m Height Limit)
Plenty of potential to add capital improvements (STCA)
Short drive or walk to Wollongong CBD, beaches and public transport.
For more information, please call Cooper Reed on 0447 178 967.
Property History for 110-112 Gladstone Ave, Coniston, NSW 2500
- 25 Oct 2023Listed for Rent $460 / week
- 04 Jul 2023Listed for Rent $450 / week
- 28 Feb 2023Sold for $2,285,000
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About Coniston 2500
The size of Coniston is approximately 1.1 square kilometres. It has 8 parks covering nearly 4.9% of total area. The population of Coniston in 2011 was 2,179 people. By 2016 the population was 2,268 showing a population growth of 4.1% in the area during that time. The predominant age group in Coniston is 20-29 years. Households in Coniston are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Coniston work in a professional occupation. In 2011, 59.3% of the homes in Coniston were owner-occupied compared with 56.8% in 2016.
Coniston has 1,264 properties. Over the last 5 years, Houses in Coniston have seen a 61.60% increase in median value, while Units have seen a 37.79% increase. As at 31 October 2024:
- The median value for Houses in Coniston is $1,054,184 while the median value for Units is $648,162.
- Houses have a median rent of $680 while Units have a median rent of $490.
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