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61 Wallace Street, Nowra NSW 2541

$795,000 - $835,000

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$795k - $835k Transparent Transparent Listing Based on an openly advertised listing price.

House 4 Beds 3 Baths 2 Cars 556 m²

Listed: 43 days ago

Updated: 11 hours ago

Overview

This dual occupancy investment property at 61 Wallace Street in Nowra presents a compelling opportunity for investors seeking reliable rental income and versatility. Comprising three individually leased units within a quiet cul-de-sac location, these residences are conveniently positioned just minutes from Nowra's central business district, offering easy access to local amenities.

The property's configuration facilitates flexible living arrangements: owners can occupy one unit while renting out the other two, or maintain all three as investment rentals. Together, the units yield a combined rental return exceeding $980 per week, underscoring the asset's strong income potential.

Unit 1 offers a spacious bedroom with built-in robes, plus an additional study or second bedroom, enhancing accommodation options. Its combined kitchen and dining area features electric cooking appliances and is complemented by a separate lounge room. Practical conveniences include a combined bathroom and laundry with direct access to a fully fenced rear yard and off-street parking.
Units 2 and 3 each include a bedroom and integrated kitchen, dining, and lounge spaces. Both units benefit from fully fenced backyards and dedicated carport spaces, with Unit 2 also equipped with a dishwasher. Their bathroom and laundry arrangements are designed for simplicity and efficiency, each currently rented at competitive rates.

The complex benefits from proximity to community facilities such as Lyrebird Park playing fields and the Stockland Shopping Centre, enhancing appeal for tenants and future residents. Property features including broadband capability, built-in wardrobes, electric hot water systems, secure fencing, and surface car parking meet practical day-to-day needs.

Overall, this investment property represents a solid addition to any portfolio, ideal for those seeking multiple income streams consolidated in a single location with growth potential in the thriving Shoalhaven area.

Local Market Insights

In Nowra, Quiet Listings observed 36 new houses entering the market over the last 30 days, down from 43 during the previous 30-day period, with an average advertised asking price of $873,361. The property type mix of listed properties is predominantly Houses at 76%, followed by units (8%), and land (4%). The most active agency for houses in the Nowra area is currently Raine & Horne, representing 28% of new listings, followed by Ray White with 22%. 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.