127 Wallace StreetNowra NSW 2541
Property Details for 127 Wallace St, Nowra
127 Wallace St, Nowra is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a land size of 1867m2 and floor size of 73m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 2 bedroom Unit sold in Nowra in the last 12 months.
Last Listing description (October 2024)
Presenting a prime investment opportunity at 127 Wallace Street, this property features six well-maintained units. Each unit offers 2 bedrooms, 1 bathroom, a single-car garage, and an open-plan living and dining area with a fully equipped kitchen.
The property is ideally situated near a local shopping center, providing tenants with convenient access to a Friendly Grocer, Mobil petrol station, Bakehouse Delights, and a pharmacy, all just a short walk away.
Key Highlights:
- Fully leased with diverse lease agreements
- Variety of floorplans
- Units are in excellent condition with no known issues
- Close proximity to public transport
- Professionally managed by Integrity Real Estate
- Impressive annual income of $93,600
- Opportunity to upgrade units for even greater returns
This remarkable investment blends a well-maintained property portfolio with the potential for notable returns. Whether you're an established investor seeking to expand your assets or in search of a distinctive investment, this property is a compelling option.
Open houses starting on the 14th of September from 11am-11:45am every weekend.
Going to Auction on the 10th of October at the Exservo's in Nowra you do not want to miss out, enquire today!
Property History for 127 Wallace St, Nowra, NSW 2541
- 10 Oct 2024Sold for $1,250,000
- 04 Sep 2024Listed for Sale $1,250,000
- 03 Dec 2023Sold
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About 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 6,219 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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