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Property main details

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5
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Home For Sale

Price Guide $2,000,000
  • Block of Units

Specifications

  • Property Type
    Block of Units
  • Land
    797 m2

Charming Cottage with Multiple Income Streams

Positioned in one of Wollongong's most convenient pockets, this beautifully maintained character cottage offers the perfect blend of traditional charm and modern potential. Whether you're looking to enter the market, invest in a high-growth area, or find a charming city-fringe residence, this property is a "must-see."

Based on the current market conditions we believe a rental return of the following is achievable:
• 4 Bedroom unit - $875 - $925 per week
• 1 Bedroom unit - $470 per week (Leased)
• 3 Bedroom unit - $900 - $990 per week
Combined estimated return: $2,245 - $2,385 per week

Situated all on one title this rare opportunity features three separate residences which can be leased or use as an Air BnB. Consisting of one main three bedroom home plus an attached one bedroom unit and a four bedroom home at the rear.

With inspiring investor or big-family potential, this superb property could not be better placed brimming with everyday appeal just a few minutes' stroll from the heart of the CBD.

Designed to generate a constant income stream (approx. $2,050pw), it offers rare flexibility of use complete with two freshly updated freestanding homes perfect for dual generations and a self-contained flat enjoying private access from McKenzie Avenue. Only moments from top schools, Wollongong Hospitals and beaches this is smart lifestyle buying of an exceptional calibre.

• Spacious and comfortable dual-level main home renovated throughout
• Three bedrooms plus sunroom/office, two lounges, entertainers' deck
• Modern kitchen, elegant bathroom with clawfoot bathtub, generous robes
• Second four-bed home with dual living areas, additional one-bedroom unit
• Tandem lock-up garaging, Mount Keira views rebuild for luxury (STCA)
• Ever-popular setting in a quiet street with city bus directly opposite
• Close proximity to shops, cafes and restaurants, TAFE, parks and beaches

Get in touch

We'd love to hear from you

If you're interested in looking at properties around the area, or want the latest information on the market in your neighbourhood, we'd love to hear from you. 

31 Rowland Avenue Wollongong 2500, New South Wales
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