OFF MARKET

8/31 Norfolk Avenue
South Nowra NSW 2541

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 150m2
Land area: 1016m2
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Property Details for 8/31 Norfolk Ave, South Nowra

Building Type
Land
Floor Size
150m2
Land Size
1016m2
Local Government
Shoalhaven
Lot/Plan
8/DP285074

Last Listing description (October 2024)

This complex on Norfolk Avenue is located in the heart of the Flinders Industrial Estate, one of the most popular and well established areas within the Shoalhaven Region. This prime location offers a great connection to this entrenched estate.

Features include;
- 1017 sqm block 

- Approved DA for a knock down, rebuild of three concrete tile up Units.
- Portal frame & engineering completed for DA & included in sale
- Potential combined rent of $75,600 pa after completion of re-development
- Existing building of 200sqm in floor area
- 3 phase power
- Minutes drive to Bunnings, BCF, Harvey Norman and many other retailers
- Close in proximity to CBD

This industrial space is the perfect opportunity for both owner occupiers or investors due to the low vacancy rates in the area. Enquire now to inspect so you don't miss out on this opportunity.

Property History for 8/31 Norfolk Ave, South Nowra, NSW 2541

A timeline of how this property has performed in the market
Last Sold
$47,750
31 Jul 2002
  • 21 Aug 2024
    Listed for Sale $750,000 - $800,000
  • 31 Jul 2002
    Sold for $47,750

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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 2,039 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 13 properties listed for sale, and 5 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.