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.