8/31 Norfolk AvenueSouth Nowra NSW 2541
Property Details for 8/31 Norfolk Ave, South Nowra
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
- 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
- 21 Aug 2024Listed for Sale $750,000 - $800,000
- 31 Jul 2002Sold for $47,750
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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 2,052 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.
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