SOLD
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Sold on 23 Jan 2024 for $570,000

5/75 Collins Street
Corrimal NSW 2518

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
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Property Details for 5/75 Collins St, Corrimal

5/75 Collins St, Corrimal is a 3 bedroom, 1 bathroom Unit with 2 parking spaces. While the property is not currently for sale or for rent, it was last sold in January 2024. There are other 3 bedroom Unit sold in Corrimal in the last 12 months.

Building Type
Unit
Local Government
Wollongong
Lot/Plan
5/SP52899

Last Listing description (January 2024)

Refined three-bedroom apartment situated in the vibrant heart of Corrimal offers a convenient, low-maintenance lifestyle or an excellent investment opportunity. Walk to shops, transport, clubs and restaurants.

Features Include:

- Three generously sized bedrooms

- Built-in wardrobes in all three bedrooms for ample storage
- Polished timber floorboards throughout the living area
- Functional large kitchen equipped with modern amenities
- Open and flowing layout
- North-facing balcony with access from living and main bedroom
- Split-system air conditioning in the living and master bedroom
- Secured building complete with double-parking space in a garage

The property is currently occupied by tenanted under an expired lease agreement at a rate of $550 per week. The tenants have expressed their contentment and willingness to continue their residency, which offers a promising opportunity for an investor.

The Important Numbers:
Council Rates: $353pq
Water Rates: $160pq
Strata Rates: $1,673pq
Rental Return: $550-$575pw

*This advertising has been prepared by MMJ Real Estate (MMJ) for the purpose of advertising and general information only. MMJ do not guarantee, represent, or warrant that the information contained in this advertising is correct. Any interested party should undertake their own inquiries as to the accuracy of the information published.

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Property History for 5/75 Collins St, Corrimal, NSW 2518

A timeline of how this property has performed in the market
Last Sold
$570,000
23 Jan 2024
Listed for Rent
$590/w
07 Feb 2024
  • 23 Jan 2024
    Sold for $570,000
  • 22 Jan 2024
    Listed for Rent $590 / week
  • 02 Nov 2023
    Listed for Sale Not Disclosed
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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 3,722 properties. Over the last 5 years, Houses in Corrimal have seen a 64.76% increase in median value, while Units have seen a 41.69% increase. As at 31 October 2024:

  • The median value for Houses in Corrimal is $1,152,064 while the median value for Units is $718,108.
  • Houses have a median rent of $715 while Units have a median rent of $530.
There are currently 10 properties listed for sale, and 8 properties listed for rent in Corrimal on OnTheHouse. According to CoreLogic's data, 144 properties were sold in the past 12 months in Corrimal.

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