8 Princes HighwayNarooma NSW 2546
Property Details for 8 Princes Hwy, Narooma
8 Princes Hwy, Narooma is a 6 bedroom, 5 bathroom Unit with 1 parking spaces. The property has a land size of 1360m2 and floor size of 172m2. While the property is not currently for sale or for rent, it was last sold in December 2017.
Last Listing description (February 2023)
Invest in your Future, with immediate income from secured tenancies in all 4 Villas/Residences.
Purchase this 1,360sqm prime site with two road frontages, landbank, and retain until ready to on-sell for profit, or value add on your investment and renovate or rebuild.
A future option; you can live in one villa and collect the income from the other 3, or develop and add more.
There really is clear potential to renovate or rebuild (subject to council approvals) to create something amazing in this sought-after location. Offering direct access to the Wagonga Inlet and within walking distance to the local supermarket, medical services, and cafes.
Zoned R3 Medium Density, which offers the potential to sub-divide (with council approval).
Current potential total Gross Income Per Week = $1,420 for 4 villas.
Contact Sales Office at Whale Coast Realty, 02 4476 2699 to arrange an inspection set days and times available.
Property History for 8 Princes Hwy, Narooma, NSW 2546
- 02 Aug 2022Listed for Sale Contact Agent
- 06 Jun 2020Listed for Sale POA
- 13 Dec 2017Sold
Recent sales nearby
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About Narooma 2546
The size of Narooma is approximately 120.0 square kilometres. There are 11 parks, covering nearly 69.2% of the 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 2,520 properties. Over the last 5 years, Houses in Narooma have seen a 40.73% increase in median value, while Units have seen a 44.71% increase. As at 31 May 2026:
- The median value for Houses in Narooma is $855,841 while the median value for Units is $535,365.
- Houses have a median rent of $575 while Units have a median rent of $480.
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