60 Illaroo Road, North Nowra NSW 2541
60 Illaroo Road, North Nowra NSW 2541
Established house on 503 m² | R2 low-density zoning | Mid-range block for street | Last sold $800k in 2020 | Renovated family format likely
This property sits in a practical, established part of North Nowra where the street character mixes compact villas with larger family homes. At 503 m², the house offers a middle ground—more space than the villa stock nearby but less land than the big family blocks further along the road. The 2020 sale at $800,000 suggests a solid base, and the current asking indication around $925,000–$975,000 points to a market that has moved upward since. For a buyer, this works best as a turnkey family house or a strong rental proposition. The likely configuration—an older, updated home with modern kitchen, timber floors, and outdoor entertaining—fits what most buyers in this corridor expect. It is not a rare or standout property, but it is a sensible, well-located one that should hold demand from first-home buyers, downsizers, and investors alike.
The main value considerations here are condition and presentation. If the house has been genuinely renovated with quality finishes, it will compete well against similar updated stock in the street. The 503 m² block is workable but not expansive, so there is limited scope for major extension or subdivision. The R2 zoning does allow some flexibility, but the land size constrains what might be done. Rental demand appears reasonable, with a recorded figure around $480 per week, which gives a rough yield signal near 3% based on the 2020 purchase price—modest but not unattractive for the area. The street’s mix of older homes and some development activity means the neighbourhood is stable rather than rapidly changing. Buyers should weigh whether the property’s internal updates match current expectations for kitchens, bathrooms, and climate control, as these will most directly influence its resale appeal.
|| Comparable Sales: 93 Illaroo Road sold around $740k–$760k guide; 266 Illaroo Road on larger block with pool | Property Price Band: $900K–$1M | Value Drivers: Renovation quality, land size relative to street, presentation and outdoor living space
Detailed Independent Property Report prepared by PropCred Analyst team for 60 Illaroo Road, North Nowra NSW 2541
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
Execution Risk
1
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Market Insight
North Nowra presents as a family-oriented, owner-occupier suburb with a stable professional base. Demand is driven by young families and established couples, reflected in strong long-term house price growth, though the unit market has recently softened. The current market is characterised by a slower sales pace for houses compared to the state, suggesting a more considered buyer environment. Future growth is underpinned by sustained owner-occupier appeal, while the key constraint is the market’s relative illiquidity, with houses taking notably longer to sell.
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PropCred Estimated Value
Comparable Sales: 93 Illaroo Road sold around $740k–$760k guide; 266 Illaroo Road on larger block with pool | Property Price Band: $900K–$1M | Value Drivers: Renovation quality, land size relative to street, presentation and outdoor living space
Bedrooms
3
Bathroom
1
Parking
1
Land
1834m²
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