4 Mckenzie Avenue, Wollongong NSW 2500
4 Mckenzie Avenue, Wollongong NSW 2500
rare 1,271sqm block | beautifully renovated cottage | secondary dwelling potential | walkable to Wollongong CBD | inner-ring scarcity
The competitive strength here is the unusual pairing of a polished, move-in cottage with a genuinely oversized block in a walkable inner Wollongong location. At 1,271sqm, the property offers flexibility that is rare in this pocket: space for a large garden, room for future extension, or the possibility of a secondary dwelling subject to council approval. That combination makes it attractive to families wanting immediate comfort and long-term options, as well as buyers who see land value as the primary driver. The cottage provides the lifestyle amenity today, while the generous site creates a buffer against the trade-offs that come with buying an older home.
The sale price may hinge on how a buyer weighs the cottage against the land’s potential. A modest internal layout could limit short-term appeal, and local flood sensitivity might prompt due diligence. Secondary dwelling feasibility might push value upward, but if council constraints emerge, the large block’s premium could narrow. Renovation quality and presentation matter too.
Detailed Independent Property Report prepared by PropCred Analyst team for 4 Mckenzie Avenue, Wollongong NSW 2500
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
2
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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
Comparable Sales: 36 McKenzie Ave house sold for $575k in 2014; 62A McKenzie Ave house sold for $575k in 2012 | Listed Price Band: $1.4M–$1.5M | Value Indicator: land size, secondary dwelling potential, renovated condition
Bedrooms
4
Bathroom
2
Parking
2
Land
1289m²
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