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Overview
This property presents a rare investment opportunity consisting of four Torrens Title flats, each offering two bedrooms in a well-maintained, single-level brick development. Situated at 14 Princes Highway, West Wollongong, the complex benefits from an excellent location with immediate access to public transport, shopping amenities, and freeway connectivity for convenient commuting both north and south.
The property is constructed on approximately 890 square meters of land, providing a spacious footprint for the four individual units, each with its own separate entrance and internal laundry facilities. The inclusion of a single allocated carport per unit, supplemented by two additional off-street parking spaces, makes parking practical and hassle-free for residents and visitors alike.
Two of the units have undergone renovation, enhancing their appeal and modern comfort, while the remaining two units present potential for value-adding improvements by future owners looking to enhance rental returns or overall capital growth. This setup supports a stable rental history, backed by long-term tenancies that underscore the investment's reliability.
The property thus caters effectively to investors seeking a property with immediate rental income and prospects for further capital appreciation. Additionally, the setup may also appeal to owner-occupiers interested in living in one unit while capitalizing on the rental income from the others, blending lifestyle and investment benefits in a highly accessible urban setting.
Local Market Insights
In West Wollongong, Quiet Listings observed 14 new houses entering the market over the last 30 days, up from 12 during the previous 30-day period, with an average advertised asking price of $1,333,786. The property type mix of listed properties is predominantly Commercial properties at 37%, followed by apartments (30%), and houses (16%). Conti Business Brokers was the most active agency in this area, representing 33.3% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
West Wollongong NSW 2500
Market Insights for West Wollongong NSW 2500
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