102 Kalandar StreetNowra NSW 2541
Property Details for 102 Kalandar St, Nowra
102 Kalandar St, Nowra is a 12 bedroom, 6 bathroom House with 6 parking spaces. The property has a land size of 1796m2 and floor size of 473m2. While the property is not currently for sale or for rent, it was last sold in October 2023.
Last Listing description (December 2023)
We are excited to present an exceptional investment opportunity exclusively tailored for discerning investors. This offering comprises a rare block of six full brick construction two-bedroom units, all under a single title. Here are the key highlights:
* Six Two-Bedroom Units Under One Title:
- This is a unique opportunity to acquire six low maintenance units all bundled under a single title. Such opportunities are rare and offer distinct advantages for investors.
* Spacious Layout:
- Each unit boasts a spacious layout with features like high raked ceilings, two bedrooms, a combined lounge and dining area, a fully equipped kitchen, a bathroom, and a dedicated laundry area. This layout ensures comfortable living for tenants and adds to the appeal of the property.
* Full Brick Construction:
- These units are constructed with full brick, ensuring durability and longevity. This robust construction reduces maintenance costs and enhances the property's overall value.
* Potential for Strata Subdivision:
- There is significant potential for strata subdivision, subject to obtaining the necessary approvals from the local council. This could unlock additional value and flexibility for future development or resale.
* Strong Rental Income:
- Currently, the property is appraised to yield a combined rental income of approximately $1,860.00 per week. This consistent rental income provides a solid foundation for your investment. A few of the tenants have been long term so the rents are currently below market rent
* Value-Adding Potential:
-Beyond the immediate rental income, there is potential for value addition, given the age and condition of the units. Investors with a vision for renovation or improvement can capitalize on this opportunity.
This exceptional investment offering encapsulates both the allure of a well-maintained property portfolio and the potential for lucrative returns. Whether you are an experienced investor looking to expand your portfolio or someone seeking a unique investment opportunity, this property warrants your attention.
For more information or to schedule an inspection, please contact:
- Jared Cochrane at 0404 210 824
- Josh Adams at 0435 739 560
Don't miss out on this rare opportunity to acquire a complete block of units with outstanding potential. Act now to secure your future in the world of real estate investment.
Property History for 102 Kalandar St, Nowra, NSW 2541
- 18 Oct 2023Sold for $1,405,000
- 13 Oct 2023Listed for Sale $1.35m
- 01 Apr 2012Sold for $750,000
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0About Nowra 2541
The size of Nowra is approximately 9 square kilometres. It has 33 parks covering nearly 18.7% of total area. The population of Nowra in 2011 was 9,256 people. By 2016 the population was 9,177 showing a population decline of 0.9% in the area during that time. The predominant age group in Nowra is 50-59 years. Households in Nowra are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Nowra work in a community and personal service occupation. In 2011, 52.3% of the homes in Nowra were owner-occupied compared with 49.9% in 2016.
Nowra has 6,230 properties. Over the last 5 years, Houses in Nowra have seen a 47.64% increase in median value, while Units have seen a 38.63% increase. As at 31 October 2024:
- The median value for Houses in Nowra is $596,617 while the median value for Units is $427,113.
- Houses have a median rent of $520 while Units have a median rent of $400.
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