SOLD
Sold on 03 Feb 2024 for $530,000

16/24 Market Street
Wollongong NSW 2500

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 57m2
Land area: 78m2
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Property Details for 16/24 Market St, Wollongong

16/24 Market St, Wollongong is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1959. The property has a land size of 78m2 and floor size of 57m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 2 bedroom Unit sold in Wollongong in the last 12 months.

Building Type
Unit
Year Built
1959
Floor Size
57m2
Land Size
78m2
Local Government
Wollongong
Lot/Plan
16/SP84201

Last Listing description (April 2024)

Domain Illawarra Real Estate proudly presents this solid full brick second-floor two-bedroom unit in the heart of Wollongong. This cozy unit offers two spacious bedrooms, with the main bedroom featuring a built-in wardrobe and a balcony off the second bedroom. The kitchen has been updated and includes stainless steel gas appliances, seamlessly connecting to the dining and living area. The bathroom has been renovated with beautiful floor-to-ceiling tiling, and an internal laundry. A single lock-up garage for added convenience. The building provides security with a gated entrance and doors, ensuring peace of mind. Take a leisurely stroll to the vibrant harbor, cafes, shops, parks, and beautiful beaches that 'Gong' is known for. Currently leased at $470 per week until April 2024, this unit presents a great investment opportunity or those looking to enter the market.

Outgoings p/q:
Council $356.47

Water $173.29
Strata $953.00

Disclaimer:
At Domain Illawarra Real Estate, we strive to provide accurate information in our marketing materials based on details supplied by our Vendors. However, we cannot guarantee the complete accuracy of this information. Therefore, Domain Illawarra Real Estate does not make any representation, statement, or warranty regarding the complete accuracy of the details shared. We strongly advise potential buyers to undertake their own due diligence when considering a property purchase. Please note that all photographs, maps, and images are for marketing purposes and are representative only.

Property History for 16/24 Market St, Wollongong, NSW 2500

A timeline of how this property has performed in the market
Last Sold
$530,000
03 Feb 2024
Listed for Rent
$410/w
12 Jul 2021
  • 03 Feb 2024
    Sold for $530,000
  • 21 Jun 2022
    Sold for $497,500
  • 02 Jul 2021
    Listed for Rent $410 / week
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About Wollongong 2500

The size of Wollongong is approximately 5.9 square kilometres. It has 28 parks covering nearly 23.4% of total area. The population of Wollongong in 2011 was 16,716 people. By 2016 the population was 18,454 showing a population growth of 10.4% in the area during that time. The predominant age group in Wollongong is 20-29 years. Households in Wollongong are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Wollongong work in a professional occupation. In 2011, 39.6% of the homes in Wollongong were owner-occupied compared with 39.6% in 2016.

Wollongong has 15,556 properties. Over the last 5 years, Houses in Wollongong have seen a 55.95% increase in median value, while Units have seen a 34.40% increase. As at 31 October 2024:

  • The median value for Houses in Wollongong is $1,156,901 while the median value for Units is $756,585.
  • Houses have a median rent of $620 while Units have a median rent of $600.
There are currently 121 properties listed for sale, and 81 properties listed for rent in Wollongong on OnTheHouse. According to CoreLogic's data, 708 properties were sold in the past 12 months in Wollongong.

Suburb Insights for Wollongong 2500

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Contact agent
Ali Yagmur
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Zarah Yagmur
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Domain Illawarra Real Estate
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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.