SOLD
Sold on 02 Mar 2024 for $1,500,000

Old Southern Road
South Nowra NSW 2541

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 163900m2
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Property Details for Lot 224 Old Southern Rd, South Nowra

Building Type
Land
Land Size
163900m2
Local Government
Shoalhaven
Lot/Plan
224/DP755952

Last Listing description (April 2024)

We are pleased to offer the expansive Lot 224 Old Southern Road, South Nowra for sale. A generous parcel of land totaling approx 40 acres - do not miss the opportunity to purchase strategic industrial land in the rapidly expanding Shoalhaven.

Located just outside of Nowra's industrial area, this property opens doors to a myriad of possibilities; including hotel/motel accommodations, specialised retail premises, recreation facilities and takeaway food & drink premises to name a few. The E3 zoning paves the way for a thoughtful, sustainable development that harmonises with its surroundings.

Property specifications:

- Zoning E3; productivity support
- Land size 16.39 ha approx

Location:
- 4 min drive to Home Co (Rebel Sports, JB Hi-Fi, Anaconda etc)
- 7 min drive to Nowra CBD
- 4 min drive to South Nowra E3/E4 Commercial district
- 6 min drive to South Nowra industrial precinct
- 7 min drive to HMAS Albatross

With every hectare there is a promise of endless potential waiting to be unlocked. Uncover the layers of opportunity in this untapped treasure & enquire now.

Property History for Lot 224 Old Southern Rd, South Nowra, NSW 2541

A timeline of how this property has performed in the market
Last Sold
$1,500,000
02 Mar 2024
  • 02 Mar 2024
    Sold for $1,500,000
  • 28 Dec 2023
    Listed for Sale AUCTION

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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 2,042 properties. Over the last 5 years, Houses in South Nowra have seen a 62.67% increase in median value, while Units have seen a 63.40% increase. As at 30 September 2024:

  • The median value for Houses in South Nowra is $808,346 while the median value for Units is $596,960.
  • Houses have a median rent of $590 while Units have a median rent of $550.
There are currently 12 properties listed for sale, and 6 properties listed for rent in South nowra on OnTheHouse. According to CoreLogic's data, 98 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.