253 Yurunga Drive, North Nowra NSW 2541
253 Yurunga Drive, North Nowra NSW 2541
Solid brick on 816sqm | Bushfire overlay noted | School catchment appeal | Fibre-to-premises connected
The buying case here is built on a rare combination of size and configuration: a four-bedroom brick home on an 816-square-metre block with only 32% building coverage, leaving genuine scope for future extension or a secondary dwelling in a residential zone. The property sits within the North Nowra Public School catchment and offers reliable NBN and 5G coverage, which supports family or professional tenant demand. For a buyer seeking a long-term hold with immediate rental income potential around $700 per week, this house provides a solid entry into a street where the median sits lower than the asking price, suggesting room for negotiated position.
The bushfire overlay is the primary risk and it carries real costโhigher insurance premiums, possible compliance requirements for any future development, and a narrower buyer pool at resale. However no flood or heritage constraints apply, and the 1992 brick construction reduces maintenance exposure. The opportunity lies in the land-to-building ratio: a buyer could hold for rental yield now, then pursue a granny flat or subdivision later, depending on council appetite. In plain terms, buy this house for the land and the rental return, not for a quick flip.
Independent, Unbiased Research Report for this property by PropCred Analyst teamย
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.