OFF MARKET

29/16 Mcmillan Road
Narooma NSW 2546

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 72m2
Land area: 10649m2
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Last updated 16 Dec 2024
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Property Details for 29/16 Mcmillan Rd, Narooma

29/16 Mcmillan Rd, Narooma is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1985. The property has a land size of 10649m2 and floor size of 72m2. While the property is not currently for sale or for rent, it was last sold in November 2022.

Building Type
Unit
Year Built
1985
Floor Size
72m2
Land Size
10649m2
Local Government
Eurobodalla
Lot/Plan
29/SP22743

Last Listing description (February 2023)

Whether a first home, investment or for your retirement this delightful two-bedroom 1st floor apartment represents a great lifestyle or investment opportunity at an affordable price! Located in a tightly held, well-manicured complex close to all local amenities.In original condition, this home offers the astute buyer the option to put your own personal stamp on it with plenty of growth potential.Featuring a spacious lounge with a split system air conditioner, kitchen with an electric cooktop and plenty of bench space, and the main bathroom with laundry provisions and a separate WC. Plus built-in robes to both generous bedrooms.An ideal holiday locale offering free Wi-Fi throughout, a brand new 11m x 4.5m swimming pool, tennis court, undercover free BBQ area, room to park the car and boat together - as well as wash them down, plus a children's playground, basketball hoop, and plenty of room to kick a football or play cricket.Walk to restaurants, the Wagonga inlet that offers fishing and swimming, shops, sports club, and easy access along the boardwalk to the beach.If your looking for a property that gives you the opportunity to make it your own with minimal work look no further, this unit has it all. Strata approx. = $1,214.48 (Per 1/4)Council rates approx. = $577.91 (Per 1/4)Permanent Rental as is$340 per week Permanent Rental renovated$400 per week Holiday Letting/Airbnb Potential Returns Peak (Mid Dec to End January)$250 per night (minimum 7 nights)Easter Weekend$250 per night (minimum 4 nights)Off Peak Winter Months$95 per night (minimum 2 nights)ShoulderFebruary-March September-mid December $110 per night (minimum 2 nights) NSW School Holidays April October $145 per night (minimum 3 nights) Long Weekends $145 per night (minimum 3 nights)

Property History for 29/16 Mcmillan Rd, Narooma, NSW 2546

A timeline of how this property has performed in the market
Last Sold
$379,000
14 Nov 2022
  • 08 Dec 2022
    Listed for Sale Not Disclosed
  • 14 Nov 2022
    Sold for $379,000
  • 19 Sep 2022
    Listed for Sale $379,000
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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 2,500 properties. Over the last 5 years, Houses in Narooma have seen a 75.64% increase in median value, while Units have seen a 90.37% increase. As at 30 November 2024:

  • The median value for Houses in Narooma is $784,954 while the median value for Units is $486,291.
  • Houses have a median rent of $505 while Units have a median rent of $420.
There are currently 43 properties listed for sale, and 6 properties listed for rent in Narooma on OnTheHouse. According to CoreLogic's data, 112 properties were sold in the past 12 months in Narooma.

Suburb Insights for Narooma 2546

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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.