Prime MU1 Mixed Use Opportunity in the Heart of Nowra

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22 Hyam Street, Nowra NSW 2541

AUCTION - 17 November

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$900k - $990k Low Confidence Calculated based on limited search observations.

House 3 Beds 2 Baths 1 Car 1056 m²

Listed: 1 hour ago

Overview

Situated on a prominent corner in Nowra's northern CBD fringe, this property offers a substantial 1,056 square meter allotment with MU1 Mixed Use zoning, ideal for investors or developers looking for a strategically located asset. Its nearly level setting and extensive street frontages on Hyam and Osborne Streets afford wide-ranging potential for future development, subject to council approval.

The site currently accommodates a circa 1915 single-storey cottage, housing three bedrooms with built-in wardrobes including a main bedroom with ensuite, complemented by two separate living areas, a study, sunroom, rumpus room, and an oversized kitchen—features that add significant versatility and comfort. Reverse-cycle air conditioning enhances year-round livability, while the detached single garage with workshop and extra storage, alongside a separate garden shed, further support functional use of the property.

The existing dwelling is thoughtfully placed to one side of the corner lot, preserving extensive open land. This layout allows for an established income stream from the current tenant while future redevelopment or enhancement plans are formulated.

Conveniently placed close to key local landmarks, including within approximately 300 meters of Shoalhaven District Memorial Hospital and 250 meters of Shoalhaven Entertainment Centre, with easy access to Nowra Aquatic Park, the Shoalhaven River, and CBD amenities. This location situates the property within a dynamic precinct blending residential and commercial activities, promising ongoing local development and community engagement.

Large 1,056sqm corner allotment with substantial street frontages
Mixed Use zoning providing flexible future opportunities
Character-filled cottage maintained in good condition
Multiple comfortable living spaces and functional rooms
Ample off-street car accommodation and workshop/storage facilities
Strong proximity to health, entertainment, aquatic, and retail amenities

This property represents a strategic investment with broad potential, suitable for those looking to benefit from current rental returns while accessing future growth opportunities in one of Nowra's evolving precincts.

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.