14-16 Payne StreetNarooma NSW 2546
Property Details for 14-16 Payne St, Narooma
14-16 Payne St, Narooma is a 5 bedroom, 4 bathroom Unit with 1 parking spaces and was built in 1970. The property has a land size of 1321m2 and floor size of 34m2. While the property is not currently for sale or for rent, it was last sold in July 2023.
Last Listing description (November 2023)
This coastal property is situated on a double block of land measuring approx 1,322 square meters, offering four apartments with front verandahs, individual utilities, and a desirable location. The apartments include one 2-bedroom unit and three comfortable 1-bedroom units, each with its own charm. Shared Laundry space. The property provides individual electricity and gas hot water service (water is included). Its close proximity to shops and amenities adds convenience. Generating a rental income of around $650 per week with potential to be increased. This property presents a promising investment opportunity as it sit on two block of land and is currently generating income, hence good for both experienced investors and first-time buyers. Don't miss out on this chance to expand your portfolio or enter the real estate market.
Property History for 14-16 Payne St, Narooma, NSW 2546
- 25 Jul 2023Sold for $805,000
- 31 May 2023Listed for Sale $829,000
- 11 Jul 2013Sold for $328,000
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0About Narooma 2546
The size of Narooma is approximately 120.0 square kilometres. It has 11 parks covering nearly 69.2% of total area. The population of Narooma in 2016 was 2605 people. By 2021 the population was 2731 showing a population growth of 4.8% in the area during that time. The predominant age group in Narooma is 60-69 years. Households in Narooma are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Narooma work in a trades occupation.In 2021, 72.00% of the homes in Narooma were owner-occupied compared with 69.10% in 2016.
Narooma has 2,518 properties. Over the last 5 years, Houses in Narooma have seen a 57.51% increase in median value, while Units have seen a 89.84% increase. As at 31 December 2025:
- The median value for Houses in Narooma is $841,410 while the median value for Units is $582,640.
- Houses have a median rent of $510 while Units have a median rent of $480.
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