SOLD
Sold on 23 Oct 2024 for $600,000

2/54 Princes Highway
Corrimal NSW 2518

Bedrooms: 5
Bathrooms: 2
Car spaces: 2
Floor area: 78m2
Land area: 950m2
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Property Details for 2/54 Princes Hwy, Corrimal

2/54 Princes Hwy, Corrimal is a 5 bedroom, 2 bathroom Unit with 2 parking spaces. The property has a land size of 950m2 and floor size of 78m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 5 bedroom Unit sold in Corrimal in the last 12 months.

Building Type
Unit
Floor Size
78m2
Land Size
950m2
Local Government
Wollongong
Lot/Plan
2/SP10593

Last Listing description (November 2024)

The Phone Code for this property is: 93287. Please quote this number when phoning or texting.

This property is a blank canvas on 910sqm block been in thus family for 60 years and is now looking for an astute buyer with a good imagination and hard work.
Currently 1 x 2 bedroom villa ($600,000-$650,000)

1 x 3 bedroom villa ($700,000-$750,000)
They are strata titled but owned by one person who has had family living there all this time .
Unlimited options
1. Renovate the current floor plan on both villas and rent both or live in one and rent out the other for investment.
2. Redesign and look at adding a 2nd storey to increase the over all floor plan to a 2 storey townhouse.
3. Complete knock down re design and develop 2 new 2 storey, 3/4 bedroom, 2 bathroom, 2 living Torrens title duplex.
Access to 54 Princes Highway, Corrimal is off Albert street then turn right into Joyce lane last property on right.
Quiet peaceful location with great location to Public schools, Corrimal CBD, Cafes, Restaurants, shops, Wollies, Coles, Aldi, Corrimal pub for a great feed, schools, pre schools.

Disclaimer:

Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.

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Property History for 2/54 Princes Hwy, Corrimal, NSW 2518

A timeline of how this property has performed in the market
Last Sold
$600,000
23 Oct 2024
  • 23 Oct 2024
    Sold for $600,000
  • 03 Jul 2024
    Listed for Sale Now Selling Separately (check below for price)

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About Corrimal 2518

The size of Corrimal is approximately 5.1 square kilometres. It has 25 parks covering nearly 29.1% of total area. The population of Corrimal in 2011 was 6,324 people. By 2016 the population was 6,496 showing a population growth of 2.7% in the area during that time. The predominant age group in Corrimal is 50-59 years. Households in Corrimal are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Corrimal work in a professional occupation. In 2011, 67.3% of the homes in Corrimal were owner-occupied compared with 66.1% in 2016.

Corrimal has 3,752 properties. Over the last 5 years, Houses in Corrimal have seen a 59.61% increase in median value, while Units have seen a 42.72% increase. As at 30 November 2024:

  • The median value for Houses in Corrimal is $1,133,702 while the median value for Units is $724,668.
  • Houses have a median rent of $700 while Units have a median rent of $530.
There are currently 12 properties listed for sale, and 5 properties listed for rent in Corrimal on OnTheHouse. According to CoreLogic's data, 155 properties were sold in the past 12 months in Corrimal.

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