OFF MARKET

2/85 Illaroo Road
North Nowra NSW 2541

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Land area: 809m2
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Last updated 16 Dec 2024
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Property Details for 2/85 Illaroo Rd, North Nowra

2/85 Illaroo Rd, North Nowra is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 809m2.

Building Type
House
Land Size
809m2
Local Government
Shoalhaven

Last Listing description (December 2024)

Discover a fantastic investment opportunity with this brick duplex, perfectly positioned in a sought-after suburb. This property offers two distinct tenancies, making it ideal for investors looking to maximize rental potential.On one side, you'll find a charming 1-bedroom unit featuring a cozy living area, a well-appointed bathroom combined with laundry, and a functional kitchen-perfect for singles or couples seeking low-maintenance living.The other side boasts a spacious 3-bedroom unit, complete with a generous living space, a modern bathroom, and a convenient laundry area. This layout is perfect for families or those needing extra room, ensuring consistent demand from tenants.Both units benefit from the durability of double veneer construction, providing excellent insulation and minimizing maintenance costs, both equipped with air conditioning and spacious yards. The property is situated in a vibrant suburb, close to schools, parks, shopping and sporting grounds, enhancing its appeal to potential renters.Features include -- R/C air-conditioning- dual secure garages- durable double-brick construction- low maintenance established gardens- double brick wall between tenanciesLocation features - - convenient access to local schools, shops and sporting grounds- less than 10 minutes drive to Nowra CBDDon't miss out on this incredible opportunity to invest in a duplex that offers flexibility and strong rental returns. Contact us today to arrange a viewing and explore the potential this property holds!

Property History for 2/85 Illaroo Rd, North Nowra, NSW 2541

A timeline of how this property has performed in the market
Listed for Rent
$240/w
15 Oct 2018
  • 18 Nov 2024
    Listed for Sale $700,000 - $750,000
  • 20 Sep 2018
    Listed for Rent $240 / week

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About North Nowra 2541

The size of North Nowra is approximately 10.2 square kilometres. It has 25 parks covering nearly 23.8% of total area. The population of North Nowra in 2011 was 5,394 people. By 2016 the population was 5,826 showing a population growth of 8.0% in the area during that time. The predominant age group in North Nowra is 0-9 years. Households in North Nowra are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in North Nowra work in a professional occupation. In 2011, 70.3% of the homes in North Nowra were owner-occupied compared with 69.2% in 2016.

North Nowra has 2,750 properties. Over the last 5 years, Houses in North Nowra have seen a 54.87% increase in median value, while Units have seen a 67.82% increase. As at 30 November 2024:

  • The median value for Houses in North Nowra is $676,554 while the median value for Units is $476,034.
  • Houses have a median rent of $550 while Units have a median rent of $450.
There are currently 9 properties listed for sale, and 6 properties listed for rent in North nowra on OnTheHouse. According to CoreLogic's data, 127 properties were sold in the past 12 months in North nowra.

Suburb Insights for North Nowra 2541

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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.