OFF MARKET

41 Illowra Crescent
Primbee NSW 2502

Bedrooms: 9
Bathrooms: 4
Car spaces: 4
Floor area: 122m2
Land area: 841m2
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Last updated 11 Nov 2024
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Property Details for 41 Illowra Cres, Primbee

41 Illowra Cres, Primbee is a 9 bedroom, 4 bathroom Unit with 4 parking spaces. The property has a land size of 841m2 and floor size of 122m2. While the property is not currently for sale or for rent, it was last sold in October 2023.

Building Type
Unit
Floor Size
122m2
Land Size
841m2
Local Government
Wollongong
Lot/Plan
211/DP9753

Last Listing description (October 2023)

Great investment opportunity with a mixture of units to be sold in 1 line.

Consisting of two stand-alone buildings currently configured and let as 2 x 2 bedroom units (building 1) and 1 x 3 bedroom villa + 1 x 2 bedroom villa (building 2) - all with parking and long-term tenant history

All units are on the same title, with the combined rental return of the 4 tenancies presently $1325 per week. ($68,900 PA)

Positioned in a nice, quiet, friendly neighbourhood and only moments to Lake Illawarra, Warrawong shopping district and amenities.

This property is perfect for the first-time investor or the astute property investor looking to add to their portfolio. These set and forget properties don't come along that often, so be quick to get in to inspect.

From all of us at Fitzgerald Hines, we wish you every success in your search for your home. If you would like more details on this home or to discuss one of the many other properties we have available please call or email us today.

Disclaimer: All information provided in this listing is from sources we believe to be correct at time of publication, however, we cannot guarantee, and do not warrant its accuracy. Prospective purchasers are advised to carry out their own enquiries to satisfy themselves of all aspects of the property and this listing, including but not limited to : current and future rental income, terms of tenancies, dimensions, areas, council zoning & permitted use, inclusions and exclusions.

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Property History for 41 Illowra Cres, Primbee, NSW 2502

A timeline of how this property has performed in the market
Last Sold
$1,230,000
11 Oct 2023
Listed for Rent
$175/w
05 Apr 2009
  • 11 Oct 2023
    Sold for $1,230,000
  • 27 Sep 2023
    Listed for Sale $1,250,000
  • 18 Jul 2023
    Listed for Sale $1,250,000
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About Primbee 2502

The size of Primbee is approximately 3.3 square kilometres. It has 10 parks covering nearly 70.6% of total area. The population of Primbee in 2011 was 1,578 people. By 2016 the population was 1,649 showing a population growth of 4.5% in the area during that time. The predominant age group in Primbee is 50-59 years. Households in Primbee are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Primbee work in a trades occupation. In 2011, 64.7% of the homes in Primbee were owner-occupied compared with 66.8% in 2016.

Primbee has 820 properties. Over the last 5 years, Houses in Primbee have seen a 73.34% increase in median value, while Units have seen a 35.00% increase. As at 31 October 2024:

  • The median value for Houses in Primbee is $1,008,413 while the median value for Units is $613,739.
  • Houses have a median rent of $660 while Units have a median rent of $333.
There are currently 4 properties listed for sale, and 3 properties listed for rent in Primbee on OnTheHouse. According to CoreLogic's data, 31 properties were sold in the past 12 months in Primbee.

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