SOLD
RECENT ADVICE
Sold on 14 Jun 2024 for $449,000

59-61 Kembla Street
Wollongong NSW 2500

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 71m2
Land area: 878m2
Improve this data
Share
Save

Property Details for 59-61 Kembla St, Wollongong

59-61 Kembla St, Wollongong is a 2 bedroom, 2 bathroom Unit with 1 parking spaces. 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 June 2024. There are other 2 bedroom Unit sold in Wollongong in the last 12 months.

Building Type
Unit
Floor Size
71m2
Land Size
878m2
Local Government
Wollongong
Lot/Plan
CP/SP75063

Last Listing description (July 2024)

Outstanding investment | Look no further than this serviced apartment located in the Quest Apartments centrally positioned in the heart of Wollongong CBD, an easy stroll to restaurants, cafes, cultural attractions, shopping precinct, and Wollongong's harbour and beaches.

This serviced apartment offers two bedrooms, combined lounge dining off the kitchen and single car allocation. The lease has been signed until 2025 and options until 2040 making this investment easy for the astute investor and or self-managed super fund.

Modern kitchen with stainless steel appliances & dishwasher

Recently replaced split system air conditioning to living area & ceiling fans to bedrooms
Built in wardrobe to bedrooms & additional linen storage
Large bathroom & ensuite with additional internal laundry
Plenty of natural light & refreshing neutral palette

The current rental return is $2,325.15 per month with guaranteed 4% increase annually. These serviced apartments are purely a set and forget investment but please note that they cannot be occupied by the owner

Please contact Lindsay Begley on 0412 661 512 to register your interest.

Lease details:
Rent as of July 2024: $2418.15 per month = $29,017.87 per annum
Return: 6.46% Gross = 5.60% Net
Next Market Review = June 2025
Lease terms, rent reviews and increases:

Lease to 15th of June 2025 with 3 x 5 year options
4% yearly increase with market rent reviews every 5 years (next due June 2025)

Rates & Outgoings:
Council: $340.45pq | Water: $172.10pq
Strata Administration Fee: Paid by Tenant (Quest)
Capital Works Fund: $450.00pq

Please Note: Net returns do not include future capital works or additional government taxes associated with property ownership.

Disclaimer: All prospective purchasers are encouraged to get their own independent financial and legal advice.

Show More

Property History for 59-61 Kembla St, Wollongong, NSW 2500

A timeline of how this property has performed in the market
Last Sold
$449,000
14 Jun 2024
  • 14 Jun 2024
    Sold for $449,000
  • 16 May 2024
    Listed for Sale $449,000
  • 07 Feb 2019
    Listed for Sale Not Disclosed
Sign in to see more transactions

Commute Calculator

Recent sales nearby

See more recent sales nearby

Similar properties For Sale nearby

See more properties for sale nearby

Similar properties For Rent nearby

See more properties for rent nearby

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 15,601 properties.

    There are currently 103 properties listed for sale, and 93 properties listed for rent in Wollongong on OnTheHouse. According to CoreLogic's data, 707 properties were sold in the past 12 months in Wollongong.

    Wollongong Profile Page

    Suburb Insights for Wollongong 2500

    Visit Wollongong profile page
    Market Insights
    Trends for Houses
    Median Value

    N/A

    -
    View Trend
    Median Growth

    N/A

    View Trend
    Median Rent

    N/A

    -
    View Trend
    Rental Yield

    N/A

    -
    View Trend
    Median Value over 1 year
    Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
    Trends for Units
    Median Value

    N/A

    -
    View Trend
    Median Growth

    N/A

    View Trend
    Median Rent

    N/A

    -
    View Trend
    Rental Yield

    N/A

    -
    View Trend
    Median Value over 1 year
    Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
    Neighbourhood Insights
    Age
    Household
    Occupancy
    No data to show
    Visit Wollongong profile page
    Contact agent
    John Kay
    Show contact details
    Call agent
    Lindsay Begley
    Show contact details
    Call agent
    Ray White Unanderra
    Preferred contact:
    Privacy Policy
    CoreLogic Copyright and Legal Disclaimers about Property Data

    © Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.

    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.

    This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.

    X

    GETTING STARTED