SOLD
Sold on 25 Sep 2024 for $926,000

9 Mcgrath Avenue
Nowra NSW 2541

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 58m2
Land area: 664m2
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Property Details for 9 Mcgrath Ave, Nowra

9 Mcgrath Ave, Nowra is a 1 bedroom, 1 bathroom House and was built in 1970. The property has a land size of 664m2 and floor size of 58m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 1 bedroom House sold in Nowra in the last 12 months.

Building Type
House
Year Built
1970
Floor Size
58m2
Land Size
664m2
Local Government
Shoalhaven
Lot/Plan
9/DP232757

Last Listing description (October 2024)

Investors will be impressed with this well-presented complex that represents an opportunity to generate substantial income from four, single-level units set on a single-title unit block in the heart of the Nowra CBD.

Well-appointed throughout, each unit comprises of 1 bedroom, a combined bathroom/laundry, open-plan living dining & kitchen area.

Further features include:

- Solid brick construction
- 664 sqm block
- Currently supporting long and short term tenancies
- Generous open-plan living and dining space
- All units have been well maintained
- Opposite Harry Sawkins Park

Situated within the Nowra CBD and being opposite Harry Sawkins Park, the location is second to none. With Woolworths, medical services, transport, pharmacies, local pool, schools, shops and cafes all within a short stroll.

The complex has been a solid investment for many years and is ready for its new investors to reap the rewards and further benefit from all that is on offer.

For further information and for a copy of the webbook, please contact the Selling Agents at Professionals Nowra on 02 4421 2644.

This property is being offered for sale via a Timed Auction. The Timed Auction closes Wednesday, 25th September 2024 at 3.00pm AEST.

To register to bid: https://buy.realtair.com/properties/140493

The 'Timed Auction' allows you to make offers and negotiate real time with absolute transparency of all other interested buyers and bids. Every time another bid is submitted you will be immediately notified via the Realtair platform and will be provided with the opportunity to increase your bid up until the conclusion of the Timed Auction. If a bid is placed in the last 5 minutes, the clock will reset to 5 minutes.

All registered buyers will be required to provide proof of identification as part of the registration process prior to being accepted as an active buyer for this property on the Realtair platform.

Please note that should you be the highest bidder at the end of the timed sale and subject to the vendors reserve price you will be the successful purchaser. In which, you will need to immediately sign the contract of sale and transfer payment of the required deposit. Please ensure with the agent and your bank that you have the capacity to make this transfer. All bids must be submitted on the platform, bids will not be accepted offline.

Property History for 9 Mcgrath Ave, Nowra, NSW 2541

A timeline of how this property has performed in the market
Last Sold
$926,000
25 Sep 2024
Listed for Rent
$175/w
27 Nov 2012
  • 25 Sep 2024
    Sold for $926,000
  • 26 Aug 2024
    Listed for Sale Auction
  • 02 Nov 2012
    Listed for Rent $175 / week
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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 6,233 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.
There are currently 31 properties listed for sale, and 18 properties listed for rent in Nowra on OnTheHouse. According to CoreLogic's data, 229 properties were sold in the past 12 months in Nowra.

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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.