54 Hillcrest Avenue, South Nowra

Property ID: 1P0220

$499,000 - reduced
  3   2   3
For Sale
Or By Appointment
Land Size
1329 sqm
Car Spaces
VGA land value is $138,000
Water Rates
$876 yearly
Council Rates
$1237.24 yearly

Home with pool! Solid 3 bed, 2 bath, 1 car house with fantastic underlying development potential for 5 x 2brm villas!

54 Hillcrest Avenue, South Nowra is located in a prime strip that is undergoing medium density redevelopment. At present, it a great home to live in or rent, but has the added benefit of underlying development opportunity!

The property currently has a 3 bedroom, 2 bathroom, single lock up garage house with pool. There are also good sized front and back yard areas.

The home is currently rented for $410 per week.

Re development, the current owner has had "pre-DA" meetings with Shoalhaven Council regarding a proposal for 5 x 2brm units. Concept plans for such a development are available as well as other associated documentation - to serious parties.

Overall, 54 Hillcrest is a very attractive investment opportunity for these key reasons:

- own or live in a good sized home with pool and current rental income potential
- buy into a fast changing, high growth corridor of South Nowra
- develop the site (now or in future) into 5 x 2brm units, subject to Council approval. This will allow you to deliver a product to the market (2 bedroom units) that are very affordable and in high demand

The land size is 1,329m2 and zoning is R1 General Residential.

Inspection is by appointment only. Please contact Craig McIntosh on 0455 544 228.