174 Kembla Street, Wollongong NSW 2500

174 Kembla Street, Wollongong NSW 2500
4 bed with private ensuite | near-level 618m² block | redevelopment potential in R2 zone | flood overlay noted | near Wollongong CBD A rare near-level 618m² block in inner-Wollongong is provided. Four bedrooms with a private ensuite and a detached rear garage are featured, and versatility for immediate occupancy or future redevelopment is thereby offered. The location is noted for its proximity to the CBD, hospital, beaches, and golf course, by which its appeal is enhanced for families and professionals. The renovated interior with modern finishes is delivered, ensuring livability without immediate work. The R2 zoning is highlighted with redevelopment potential subject to council approval, and the property is thereby made suitable for owner-occupiers, investors, and builders alike. The larger land component relative to typical offerings is positioned as a land-banking opportunity within a convenient central setting. The flood overlay may be considered a material constraint. Redevelopment feasibility, insurance costs, and future approval pathways could be affected. The property’s dual character as a modern home and a development opportunity may create a valuation tension for buyers, by whom the land value must be weighed against the dwelling. The field of interest might be narrowed if the price sits ambiguously between these uses. Professional advice on the overlay’s implications is recommended.
Detailed Independent Property Report prepared  by PropCred Analyst team for 174 Kembla Street, Wollongong NSW 2500
Checks found:
Value Risk 2
Liquidity Risk
Planning Risk
Income Risk
Execution Risk ! 1
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Market Insight

Wollongong presents a strategic coastal alternative to Sydney, with its market characterised by strong apartment activity and robust infrastructure investment. Demand is driven by population growth, migration from Sydney, and solid owner-occupier interest, underpinning a resilient rental market with tight vacancy. Recent price trends indicate a period of adjustment, favouring strategic, long-term investment over speculation. Future growth is supported by a diversified economy and continued development, though affordability variances across suburbs present a key consideration for buyers.
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PropCred Estimated Value

Bedrooms

4

Bathroom

2

Parking

1

Land

618m²

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
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