186 Mckay Street, Nowra NSW 2541
186 Mckay Street, Nowra NSW 2541
Dual-income layout on one title | Separate fenced yards and utilities | 670 m² with two self-contained units | Combined rent near $760/week | Investment flexibility rare in Nowra
This property stands apart from typical Nowra housing because it functions as two independent residences on a single title. That configuration creates genuine income flexibility—one unit can be rented while the other is owner-occupied, or both can generate rental return. The double brick construction and reconditioned roof reduce ongoing maintenance concerns, while the separate electricity metering and fenced yards make each unit feel distinct. For an investor seeking higher rental resilience or a buyer wanting multi-generational living without sacrificing privacy, this layout is uncommon in the area and likely to hold strong appeal.
The advertised rent total of $760 per week suggests a gross return that may outperform standard single dwellings in the suburb, but that yield depends on sustained occupancy and current market rents. The shared double carport and combined water connection are practical compromises, not drawbacks, for the right buyer. The land size of 670 m² is slightly larger than many nearby houses, which adds future potential—perhaps for further subdivision or redevelopment, subject to council approval. Buyers should weigh the condition of each unit individually, as one may require more attention than the other, and confirm current lease terms before forming a price view.
|| Comparable Sales: 60 McKay Street sold at $550,000 in 2022; 3 Firetail Street, South Nowra listed near $865,000–$895,000 | Property Price Band: $800,000–$900,000 | Value Drivers: dual-income configuration, land size, condition of each unit, rental demand
Detailed Independent Property Report prepared by PropCred Analyst team for 186 Mckay Street, Nowra NSW 2541
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
Income Risk
1
Execution Risk
1
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Market Insight
Nowra presents as an affordable coastal market with a diverse demographic base, including a significant proportion of renters and older residents. Demand is driven by this established local population, particularly service and trade workers, supported by strong recent unit price growth. The housing market shows steady price appreciation with balanced supply, evidenced by moderate days on market. Future growth is underpinned by sustained sales activity and relative affordability, though its appeal remains sensitive to broader economic conditions influencing its core demographic.
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PropCred Estimated Value
Comparable Sales: 60 McKay Street sold at $550,000 in 2022; 3 Firetail Street, South Nowra listed near $865,000–$895,000 | Property Price Band: $800,000–$900,000 | Value Drivers: dual-income configuration, land size, condition of each unit, rental demand
Bedrooms
4
Bathroom
2
Parking
2
Land
670m²
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