8 Gwynne StreetGwynneville NSW 2500
Property Details for 8 Gwynne St, Gwynneville
8 Gwynne St, Gwynneville is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1960. The property has a land size of 670m2 and floor size of 100m2. While the property is not currently for sale or for rent, it was last sold in November 2020.
Last Listing description (February 2023)
Premium investment opportunity, located adjacent to the botanical gardens and a short walk to the University.
With Existing Residential Home Leased for $550/Week
URBAN are pleased to present 8 Gwynne Street, Gwynneville to the market. The property is being offered with a recently approved DA, for a modern 11 room boarding house with managers residence, located within the thriving Gwynneville/Keiraville University precinct.
This asset has been smartly designed with the occupier at the forefront of mind. Each proposed boarding house room maximises space providing efficient and appealing living space. 8 Gwynne Street is perfectly positioned within the rental market and just a short walk to both the University of Wollongong and TAFE ILLAWARRA campuses.
Alternatively, live or lease in the current home or seek out other development opportunities under the council code.
Property Features:
- Existing 3 Bedroom Home currently rented for $550/week
- Total land area 670m2
- Located across the road from the botanical gardens
- Dual street frontage
- Zoning R2 low density residential
- Existing DA for boarding house
Available Upon Further Request:
- Full DA consent and plans
- Access to the key people involved in the DA approval process to complete your due diligence
Local Amenity:
- TAFE Illawarra 800m
- University of Wollongong 700m
- Wollongong Central 1.9km
- 4min drive or 20min walk to North Wollongong Train Station
- Public and private hospitals nearby
- Keiraville neighbourhood shops 540m
- Gwynneville neighbourhood shops 580m
Call Simon Hagarty today on 0405 175 416 to discuss this extremely rare offering to the market place.
Property History for 8 Gwynne St, Gwynneville, NSW 2500
- 13 Nov 2020Sold for $950,000
- 18 Sep 2020Listed for Sale $1,050,000 - $1,100,000
- 28 May 2019Listed for Rent - Price not available
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About Gwynneville 2500
The size of Gwynneville is approximately 1.2 square kilometres. It has 8 parks covering nearly 21% of total area. The population of Gwynneville in 2011 was 2,837 people. By 2016 the population was 3,109 showing a population growth of 9.6% in the area during that time. The predominant age group in Gwynneville is 20-29 years. Households in Gwynneville are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Gwynneville work in a professional occupation. In 2011, 46.7% of the homes in Gwynneville were owner-occupied compared with 42.6% in 2016.
Gwynneville has 1,328 properties. Over the last 5 years, Houses in Gwynneville have seen a 54.44% increase in median value, while Units have seen a 33.77% increase. As at 31 July 2024:
- The median value for Houses in Gwynneville is $1,084,857 while the median value for Units is $653,695.
- Houses have a median rent of $700 while Units have a median rent of $430.
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