SOLD
Sold on 10 May 2024 for $400,000

291 Old Southern Road
South Nowra NSW 2541

Bedrooms: 5
Bathrooms: 3
Car spaces: 2
Floor area: 259m2
Land area: 501m2
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Property Details for 291 Old Southern Rd, South Nowra

Building Type
Land
Year Built
2024
Floor Size
259m2
Land Size
501m2
Local Government
Shoalhaven
Lot/Plan
9/DP1283125

Last Listing description (July 2024)

Registered and ready to build your dream home, this level vacant block of land is suitable for a duplex (STCA).

What this site has to offer:

* 500.1 sqm level vacant land

* 16.6m frontage
* zoned R1 with potential to build a duplex (STCA)
* ready to build on immediately
* offering town power, sewer, NBN & water available to site
* great opportunity to own a brand new home
* close to schools, shops and childcare centres.

The South Nowra suburb saw a growth of close to 6% in 2023 (extrapolated from Pricefinder on 05/01/2024), so take advantage of this growing suburb and its close proximity to the best kept South Coast beaches within a 15-20 minute drive.

Property History for 291 Old Southern Rd, South Nowra, NSW 2541

A timeline of how this property has performed in the market
Last Sold
$400,000
10 May 2024
  • 10 May 2024
    Sold for $400,000
  • 25 Jan 2024
    Listed for Sale $400,000
  • 11 Aug 2022
    Listed for Sale $475,000 - $495,000
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About 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 2,052 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.
There are currently 12 properties listed for sale, and 8 properties listed for rent in South nowra on OnTheHouse. According to CoreLogic's data, 97 properties were sold in the past 12 months in South nowra.

Suburb Insights for South Nowra 2541

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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.