84 Pitt Street, North Nowra NSW 2541

Large fenced backyard with separate studio | 930sqm block increasingly rare | Strong rental yield & tenant appeal | Positioned above typical North Nowra stock This property presents a competitively strong offering due to its generous 930sqm block and the inclusion of a separate studio, a combination becoming scarce in the market. The large, level backyard and double garage create immediate utility for a family or enhance rental appeal for an investor, supported by a solid estimated yield. It serves growing families seeking space and investors targeting durable tenant demand, with modern inclusions like stone benchtops and polished floors providing a move-in ready condition. The primary decision point is the premium asked for its land size and studio against the backdrop of a bushfire overlay, which imposes ongoing compliance costs and insurance considerations. The listed price reflects significant appreciation since its 2021 sale, demanding scrutiny of recent comparable sales to validate the premium. Acquire this property for long-term hold to capitalise on its land scarcity; its configuration ensures it will remain a standout in its locale, whether occupied or tenanted. The property last sold for $560,000 in November 2021. The current listing at $799,000 represents a 42.7% increase over approximately 4.5 years. This sharp appreciation necessitates verifying that recent sales of comparable homes on similar large blocks in North Nowra support this new price level, as the growth significantly outpaces broader market averages for the period.