7A Cathedral Rocks AvenueKiama Downs NSW 2533
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.
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 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
Property History for 7a Cathedral Rocks Ave, Kiama Downs, NSW 2533
- 25 Jul 2017Sold for $505,000
- 18 Jul 2017Listed for Sale Price Guide $480,000 - $520,000
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0About 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 2,076 properties. Over the last 5 years, Houses in Kiama Downs have seen a 75.23% increase in median value, while Units have seen a 35.42% increase. As at 31 October 2024:
- The median value for Houses in Kiama Downs is $1,352,542 while the median value for Units is $726,654.
- Houses have a median rent of $750 while Units have a median rent of $370.
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