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Sold on 25 Jul 2023 for $805,000

14-16 Payne Street
Narooma NSW 2546

Bedrooms: 5
Bathrooms: 4
Car spaces: -
Land area: 1322m2
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Property Details for 14-16 Payne St, Narooma

14-16 Payne St, Narooma is a 5 bedroom, 4 bathroom BlockOfUnits. The property has a land size of 1322m2. While the property is not currently for sale or for rent, it was last sold in July 2023. There are other 5 bedroom BlockOfUnits sold in Narooma in the last 12 months.

Building Type
BlockOfUnits
Land Size
1322m2
Local Government
Eurobodalla
Lot/Plan
8/DP26529

Last Listing description (July 2023)

This coastal property is situated on a double block of land measuring approx 1,322 square meters, offering four apartments with front verandahs, individual utilities, and a desirable location. The apartments include one 2-bedroom unit and three comfortable 1-bedroom units, each with its own charm. Shared Laundry space. The property provides individual electricity and gas hot water service (water is included). Its close proximity to shops and amenities adds convenience. Generating a rental income of around $650 per week with potential to be increased. This property presents a promising investment opportunity as it sit on two block of land and is currently generating income, hence good for both experienced investors and first-time buyers. Don't miss out on this chance to expand your portfolio or enter the real estate market.

Property History for 14-16 Payne St, Narooma, NSW 2546

A timeline of how this property has performed in the market
Last Sold
$805,000
25 Jul 2023
Listed for Rent
$130/w
26 Jun 2013
  • 25 Jul 2023
    Sold for $805,000
  • 31 May 2023
    Listed for Sale $829,000
  • 11 Jul 2013
    Sold for $328,000
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About Narooma 2546

The size of Narooma is approximately 120 square kilometres. It has 11 parks covering nearly 69.2% of total area. The population of Narooma in 2011 was 2,416 people. By 2016 the population was 2,611 showing a population growth of 8.1% in the area during that time. The predominant age group in Narooma is 60-69 years. Households in Narooma are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Narooma work in a trades occupation. In 2011, 68.6% of the homes in Narooma were owner-occupied compared with 69.1% in 2016.

Narooma has 2,490 properties.

    There are currently 32 properties listed for sale, and 10 properties listed for rent in Narooma on OnTheHouse. According to CoreLogic's data, 94 properties were sold in the past 12 months in Narooma.

    Suburb Insights for Narooma 2546

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    Contact agent
    John Murray
    Show contact details
    Whale Coast Realty
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    Disclaimer
    Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.