29/59-61 Kembla StreetWollongong NSW 2500
Property Details for 29/59-61 Kembla St, Wollongong
29/59-61 Kembla St, Wollongong is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2005. The property has a land size of 878m2 and floor size of 71m2. 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.
Last Listing description (March 2024)
The Quest Wollongong is located in the heart of the CBD, and conveniently located within walking distance to all amenities, a vibrant blend of restaurants, cafes, Wollongong's main shopping precinct, cultural and entertainment activities nearby at the WIN sports & entertainment complex.
> walk to Wollongong harbour and swim at a choice of spectacular beaches
> this modern two bedroom, two bathroom apartment boasts bright spacious open living spaces
> a perfect opportunity to secure a long term high yield Investment
> currently under a long term lease with Quest until June 2025
> current rent $640.00 per week. Gross P.A $33,000 Net P.A $29,000
> currently approximate 6% net return
> scheduled 4% annual rent increase each year until market review in June 2025 market rent reviews every 5 years
> Lease to 14 June 2025 with 6 x 5 year options
> owner's corporate capital works are paid by the tenant
> council = $1,381 pa, water = $693 pa, strata = $1,885 pa
Whilst every effort has been made to ensure the accuracy and thoroughness of the information provided to you in our marketing material, we cannot guarantee the accuracy of the information provided by our vendors, and as such, Molenaar and McNeice makes no statement, representation or warranty, and assumes no legal liability in relation to the accuracy of the information provided. Interested parties should conduct their own due diligence in relation to each property they are considering purchasing. All photographs, maps and images are representative only, for marketing purposes.
Property History for 29/59-61 Kembla St, Wollongong, NSW 2500
- 16 Feb 2024Sold for $462,000
- 30 Nov 2023Listed for Sale Not Disclosed
- 17 Apr 2015Sold for $400,000
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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.
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