OFF MARKET

7A Cathedral Rocks Avenue
Kiama Downs NSW 2533

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Land area: 174m2
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Last updated 14 Oct 2024
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Property Details for 7a Cathedral Rocks Ave, Kiama Downs

7a Cathedral Rocks Ave, Kiama Downs is a 2 bedroom, 1 bathroom Townhouse with 2 parking spaces. The property has a land size of 174m2. While the property is not currently for sale or for rent, it was last sold in July 2017.

Building Type
Townhouse
Land Size
174m2
Local Government
Kiama
Lot/Plan
2/DP1088995

Last Listing description (August 2017)

First time offered for sale this rarely found dual investment property can be sold in one line or separately.
Both properties feature a north facing aspect with ocean views and are only minutes to surf beaches, golf, shops and schools.
The home (7 cathedral Rocks Avenue) is single level and offers three bedrooms and lock up garage (price range $770,000 - $840,000).

The attached townhouse (7A Cathedral Rocks Avenue) offers two bedrooms and a single lock up garage (price range $480,000 - $520,000).
The Possibilities:
- Two attached Torrens title income producing properties on separate titles. No Strata fees.
- Can be let separately or together.
- If downsizing or sea changing, this property represents potential for owners who may require extra space for an elderly parent to live at close but still with some privacy and separation
- Also a great investment for first home buyers with rental income to assist with mortgage costs. (Office of state revenue offer stamp duty concessions up to $800,000).
- Sold in one line or separately.
Features
- Quite location
- Close to two beaches, Minnamurra River, golf, transport, shops and school.
- North facing, ocean views
7 Cathedral Rocks
Council rates - $1,772.00
Rental $520 to $540/week
7A Cathedral Rocks
Council rates - $1,632.00
Rental $430 to $450/week

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Property History for 7a Cathedral Rocks Ave, Kiama Downs, NSW 2533

A timeline of how this property has performed in the market
Last Sold
$505,000
25 Jul 2017
  • 25 Jul 2017
    Sold for $505,000
  • 18 Jul 2017
    Listed for Sale Price Guide $480,000 - $520,000

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About Kiama Downs 2533

The size of Kiama Downs is approximately 3.9 square kilometres. It has 9 parks covering nearly 19.5% of total area. The population of Kiama Downs in 2011 was 4,848 people. By 2016 the population was 5,016 showing a population growth of 3.5% in the area during that time. The predominant age group in Kiama Downs is 50-59 years. Households in Kiama Downs are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kiama Downs work in a professional occupation. In 2011, 82.6% of the homes in Kiama Downs were owner-occupied compared with 83.8% in 2016.

Kiama Downs has 2,074 properties. Over the last 5 years, Houses in Kiama Downs have seen a 76.63% increase in median value, while Units have seen a 23.83% increase. As at 30 September 2024:

  • The median value for Houses in Kiama Downs is $1,339,066 while the median value for Units is $661,324.
  • Houses have a median rent of $730 while Units have a median rent of $370.
There are currently 12 properties listed for sale, and 6 properties listed for rent in Kiama downs on OnTheHouse. According to CoreLogic's data, 52 properties were sold in the past 12 months in Kiama downs.

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