2/16 Matthews Street, Wollongong NSW 2500
2/16 Matthews Street, Wollongong NSW 2500
3‑bed townhouse | north‑facing light | double garage | larger‑format Wollongong infill
This property is competitively positioned as a larger‑format townhouse in an inner Wollongong location where most comparable stock is either compact apartments or older detached houses. The north‑facing aspect and two‑level layout give it an advantage in natural light and spatial separation, while the double garage is genuinely rare for a townhouse of this size and era. The 198‑square‑metre footprint across two levels means it functions more like a small house than a typical unit, which should appeal strongly to owner‑occupiers — particularly professional couples or downsizers who want three bedrooms and secure parking without a full‑size block. Families may also be drawn to the school catchments, though the single bathroom is a constraint for that buyer group. The property is best suited to someone prioritising space, light, and parking over a fourth bedroom or second bathroom.
The single bathroom is the most material factor that may affect value or sale price. In a three‑bedroom townhouse of this size, a single bathroom can limit appeal to families and may narrow the buyer pool to couples or investors. The build year of 2000 means the property is not new but not old enough to carry heritage constraints or major obsolescence; however, finishes from that era may feel dated to some buyers. The absence of flood, bushfire, or heritage overlays reduces planning risk, which is a quiet positive. The rental estimate of $805 per week suggests a gross yield around 3.8 percent against the current guide, which is reasonable for inner‑suburb townhouse stock but not exceptional. Buyers should weigh the cost and feasibility of adding a second bathroom if that would improve long‑term value.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/16 Matthews Street, Wollongong NSW 2500
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
2
Income Risk
2
Execution Risk
URL has been copied successfully!
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.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
2
Land
919m²
URL has been copied successfully!