SOLD
Sold on 27 Feb 2024 for $1,200,000

2/306 Crown Street
Wollongong NSW 2500

Bedrooms: -
Bathrooms: -
Car spaces: 4
Floor area: 83m2
Land area: 341m2
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Property Details for 2/306 Crown St, Wollongong

Building Type
Commercial
Year Built
2005
Floor Size
83m2
Land Size
341m2
Local Government
Wollongong
Lot/Plan
2/SP4095

Last Listing description (December 2023)

These ground floor commercial units are ideally situated in a highly sought after location, offering great connection and convenience to all that Wollongong CBD has to offer.

The units are opposite Wollongong Railway Station and only moments to Wollongong Central, Crown Street Mall, Woolworths, eateries, retail stores, Wollongong Public and Private Hospitals.

Both units have high street exposure along one of the busiest streets in Wollongong, and are each surrounded by an abundance of established local cafes and professional services.

Pricing:
Unit 1 | $575,000
Unit 2 | $535,000
Both in one line | $1,095,000

Property features:
Unit 1: approximately 109.9m2
Unit 2: approximately 96.7m2
Total: approximately 206.6m2
Three allocated car parking spaces
Zoned E2 Commercial Core

Property History for 2/306 Crown St, Wollongong, NSW 2500

A timeline of how this property has performed in the market
Last Sold
$1,200,000
27 Feb 2024
  • 27 Feb 2024
    Sold for $1,200,000
  • 02 Oct 2023
    Listed for Sale From $535,000
  • 19 Jul 2023
    Listed for Sale From $535,000
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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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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.