62 Albatross Road, Nowra NSW 2541
62 Albatross Road, Nowra NSW 2541
Corner block with wide side access | 1950s character home on large 816m²+ R2 lot | 4 beds, single bath | Near CBD, schools, hospital
This property presents a compelling proposition based on its substantial, flexible landholding in a convenient location. The large, corner block with wide side access offers rare utility for vehicles, storage, or future extension, a significant advantage over standard lots. Its classic 1950s build with hardwood floors and modern air conditioning caters to families or investors seeking space and character within minutes of Nowra’s core amenities. The R2 zoning and absence of heritage overlays protect its development potential.
The primary constraint is the single bathroom, which is below modern expectations and may limit resale appeal and rental yield against newer stock. The 1950 construction necessitates a thorough building inspection, and the bushfire overlay carries insurance implications. For a buyer, the land value and flexibility are the core assets; the house is a functional holding position. This property is a strategic land bank with immediate utility, best held for long-term capital growth or future improvement, not for its current rental performance.
Recent sales history for the property shows a clear trajectory:
– Sep 2023: $660k
– Aug 2021: $620k
– Jun 2011: $735k
This recent sale at $660k, following a prior sale at $620k, establishes a firm price benchmark. The current listing’s estimated value aligns with this trend, indicating the market has absorbed the property’s single-bathroom layout at this price point.
Detailed Independent Property Report prepared by PropCred Analyst team for 62 Albatross Road, Nowra NSW 2541
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
2
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
Bedrooms
4
Bathroom
1
Parking
1
Land
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