53 West StreetWollongong NSW 2500
Property Details for 53 West St, Wollongong
Last Listing description (May 2024)
Ideally set on a level 833 sqm parcel with 20 metres of street frontage, this light industrial-zoned property offers a range of commercial or mixed-use possibilities. Enjoying a highly sought-after northern aspect in a quiet cul-de-sac position, it features a three-bedroom cottage that will offer motivated renovators the chance to breathe new life into the residence while creating curb appeal with fresh landscaping that is sure to leave a lasting first impression. The hero of this property is the huge lock-up workshop/garage located at the rear, which would provide the perfect opportunity to live and work from the same CBD address or generate a healthy rental income for astute investors.
Features
• Located in the heart of Wollongong's commercial district
• 3 bedroom residential house, able to be leased out separately
• Easy access to Wollongong Central and Crown Street Mall
• Endless scope to capitalise with mixed use possibilities
Property History for 53 West St, Wollongong, NSW 2500
- 24 May 2024Sold for $1,300,000
- 23 Feb 2024Listed for Sale Contact Agent
- 24 Jun 2019Listed for Rent - Price not available
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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 15,550 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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