OFF MARKET

154 Mount Keira Road
Mount Keira NSW 2500

Bedrooms: 8
Bathrooms: 4
Car spaces: 2
Floor area: 96m2
Land area: 599m2
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Last updated 11 Nov 2024
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Property Details for 154 Mount Keira Rd, Mount Keira

154 Mount Keira Rd, Mount Keira is a 8 bedroom, 4 bathroom House with 2 parking spaces. The property has a land size of 599m2 and floor size of 96m2. While the property is not currently for sale or for rent, it was last sold in October 2022.

Building Type
House
Floor Size
96m2
Land Size
599m2
Local Government
Wollongong
Lot/Plan
31/DP204570

Last Listing description (November 2022)

Comprising a neatly maintained collection of two-bedroom brick apartments, this versatile property is set to inspire the investor or developer in a central Mount Keira address. With all 4 units currently tenanted on excellent rents, it provides an exciting opportunity to secure your future in one fell swoop. The address itself ensures long-term lifestyle appeal, with city and Figtree Grove buses stopping virtually at the door and quality local schools, beautiful leafy parks and the University of Wollongong only a few minutes away.

- Small apartment block nestled on a generous 632sqm of prime land
- Each residence offers a bright lounge, two bedrooms and one bathroom

- Instant retirement plan, or the perfect way to both live-in and invest
- Polished timber floors, cute retro bathrooms, double carport onsite
- Plenty of potential to renovate/rebuild and maximise rental return
- 1km to Mount Keira primary, convenient commuting distance to CBD
- Popular family suburb with private schooling and beaches in easy reach
- A solid investment in a fantastic and sought after location.

Having been owned by the same owners for 19 years this complex is a proven quality investment and would be a great addition to an existing portfolio or for those wanting to pursue a self-managed superfund.

Perfect for long-term investors, it attracts great income while offering multiple options to increase its profitability and overall rental yield.

4 x 2 bedroom flats with Strata potential (STCA).

The current combined rental income of $1,355pw ($70,460pa) and no strata fees make it an opportunity not to be missed.

Unit 1: $375 per week
Unit 2: $310 per week
Unit 3: $360 per week
Unit 4: $310 per week

Additional opportunity to increase return through renovations and unit upgrades.

Potential rental income with improvements to each unit $1,600 per week ($83,200).

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Property History for 154 Mount Keira Rd, Mount Keira, NSW 2500

A timeline of how this property has performed in the market
Last Sold
$1,400,000
19 Oct 2022
  • 19 Oct 2022
    Sold for $1,400,000
  • 22 Jun 2022
    Listed for Sale Price Guide $1,500,000
  • 02 Jul 2020
    Listed for Rent $300 / week
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About Mount Keira 2500

The size of Mount Keira is approximately 7 square kilometres. It has 8 parks covering nearly 137.6% of total area. The population of Mount Keira in 2011 was 1,521 people. By 2016 the population was 1,659 showing a population growth of 9.1% in the area during that time. The predominant age group in Mount Keira is 10-19 years. Households in Mount Keira are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mount Keira work in a professional occupation. In 2011, 80.4% of the homes in Mount Keira were owner-occupied compared with 82.6% in 2016.

Mount Keira has 642 properties. Over the last 5 years, Houses in Mount Keira have seen a 52.20% increase in median value, while Units have seen a 38.92% increase. As at 31 October 2024:

  • The median value for Houses in Mount Keira is $1,075,608 while the median value for Units is $693,212.
  • Houses have a median rent of $600 while Units have a median rent of $295.
There are currently 3 properties listed for sale, and 2 properties listed for rent in Mount keira on OnTheHouse. According to CoreLogic's data, 33 properties were sold in the past 12 months in Mount keira.

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