28 Quinns LaneSouth Nowra NSW 2541
Property Details for 28 Quinns Lane, South Nowra
28 Quinns Lane, South Nowra is a 3 bedroom, 2 bathroom House. The property has a land size of 17182m2. While the property is not currently for sale or for rent, it was last sold in November 2023. There are other 3 bedroom House sold in South Nowra in the last 12 months.
Last Listing description (December 2023)
Council have communicated that they support this site for B5 development and have ear-marked the western side of the property as a council road (20m wide) to further expand and access the B5 zones surrounding areas.
1.72Ha / 4.25 acres
Height allowances 21m / 5 stories
Current Structures/units include;
Unit 1 - Service/ retail unit tenanted
Unit 2 - Service / retail unit tenanted
Unit 3 - Workshop/warehouse tenanted
Residential 3-bedroom house vacant
Current return $4,840 pm / $58,080 p.a. (Potential with residence rental $7,340 / $88,080 p.a. )
Proposed Best Use
A 'best use' proposal has been drafted as an example of how the property can best perform as an investment and development. This is just an example however the sizes and rates are all applicable based on sales history in the immediate region.
It is estimated that at least $12mil of saleable space is achievable on the simplest of plans. This has only taken in consideration 1 level whereas 5 stories / 21 metres in height can be utilised.
Property History for 28 Quinns Lane, South Nowra, NSW 2541
- 22 Nov 2023Sold for $2,400,000
- 16 Feb 2023Listed for Sale Contact Agent
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0About South Nowra 2541
The size of South Nowra is approximately 8.9 square kilometres. It has 7 parks covering nearly 29.6% of total area. The population of South Nowra in 2011 was 1,019 people. By 2016 the population was 1,911 showing a population growth of 87.5% in the area during that time. The predominant age group in South Nowra is 0-9 years. Households in South Nowra are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in South Nowra work in a trades occupation. In 2011, 65.4% of the homes in South Nowra were owner-occupied compared with 68.5% in 2016.
South Nowra has 2,040 properties. Over the last 5 years, Houses in South Nowra have seen a 58.69% increase in median value, while Units have seen a 33.53% increase. As at 31 October 2024:
- The median value for Houses in South Nowra is $801,919 while the median value for Units is $527,281.
- Houses have a median rent of $630 while Units have a median rent of $550.
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