36 Nicolle Road, Primbee, NSW 2502 | Villa for sale | OnTheHouse
 
FOR SALE
$995,000 - $1,085,000

36 Nicolle Road
Primbee NSW 2502

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Land area: 696m2
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Dual Income with Future Upside by the Lake

Perfectly positioned in one of Primbee's most tightly held pockets and just a stones throw from the shores of Lake Illawarra, this rare offering presents an exceptional opportunity to secure an income-producing property with immediate returns and future potential.
Set on a generous 696 square metres parcel of land, the property comprises two self-contained one-bedroom villas, each with its own carport and currently leased for $330pw with the potential to achieve $380-$400pw according to the updated rental estimate.
Property Highlights
- Generous 696 square metres block in a sought-after lakeside location
-Two self-contained one-bedroom villas
-Individual carports for each residence
- Both villas currently leased at $330 per week each
- Combined current income of $660 per week
- Existing rents are considered below market value, providing immediate rental upside
- Just 300 metres to Lake Illawarra, walking tracks, parks and recreational facilities
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Property Details for 36 Nicolle Rd, Primbee

36 Nicolle Rd, Primbee is a 2 bedroom, 2 bathroom Villa with 2 parking spaces. The property has a land size of 696m2. The place is currently for sale with Ray White South Wollongong.

Building Type
Villa
Land Size
696m2
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About Primbee 2502

The size of Primbee is approximately 3.3 square kilometres. There are 10 parks, covering nearly 70.6% of the total area. The population of Primbee in 2016 was 1640 people. By 2021 the population was 1623 showing a population decline of 1.0% in the area during that time. The predominant age group in Primbee is 60-69 years. Households in Primbee are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Primbee work in a professional occupation.In 2021, 67.30% of the homes in Primbee were owner-occupied compared with 66.80% in 2016.

Primbee has 825 properties. Over the last 5 years, Houses in Primbee have seen a 41.06% increase in median value, while Units have seen a 22.71% increase. As at 30 June 2026:

  • The median value for Houses in Primbee is $1,102,523 while the median value for Units is $656,895.
  • Houses have a median rent of $730 while Units have a median rent of $428.
There are currently 2 properties listed for sale, and 6 properties listed for rent in Primbee on OnTheHouse. According to Cotality's data, 27 properties were sold in the past 12 months in Primbee.

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Shane Szakacs
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Ray White South Wollongong
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