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Overview
This unique property at 183 Kinghorne Street, Nowra, offers a versatile opportunity for first-home buyers and investors alike. Set on approximately 815 square metres of R2 zoned land, the house comprises two distinct halves. The front section has been thoughtfully renovated, including a new roof, fresh flooring, updated bathroom, and new carpet, delivering a comfortable and modern living space with two bedrooms and a bathroom.
Privacy gates have been recently installed between the two halves, enhancing separation and potential for separate living. The rear half remains unrenovated and currently tenants the property under a periodic lease at $250 per week, providing immediate rental income potential. Inspections of this rear portion require private appointments, reflecting its current condition and tenancy.
This property's layout and zoning open up many possibilities: homeowners could enjoy residing in one renovated unit while renting out the other for additional income, or further renovate and improve the unrenovated portion. Additionally, prospective developers may explore development applications, leveraging the substantial land size within an R2 residential zone.
- Recently renovated front half featuring updated amenities and flooring
- Separate and private rear half, currently tenanted
- Newly installed privacy fencing between the sections for added seclusion
- Generous land size approximately 815sqm offering development options
The combination of versatile living arrangements and potential for growth makes this property highly appealing to savvy investors and buyers looking for room to add value or secure a rental yield. Its location in the heart of Nowra further adds to its attractiveness as a compact but expandable residential option.
Local Market Insights
In Nowra, Quiet Listings observed 46 new houses entering the market over the last 30 days, up from 26 during the previous 30-day period, with an average advertised asking price of $910,320. The property type mix of listed properties is predominantly Houses at 84%, followed by units (7%), and land (2%). The most active agency for houses in the Nowra area is currently One Agency, representing 35% of new listings, followed by Raine & Horne with 24%. 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.
Open for Inspections
Upcoming inspection times scheduled in the next 14 days.
This property has had 4 previous open for inspections. Schedules can change at late notice, please confirm times with the selling agent before attending an open home.
Location
Nowra NSW 2541
Market Insights for Nowra NSW 2541
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