1046 Koonwarra StreetNorth Albury NSW 2640
Property Details for 1046 Koonwarra St, North Albury
1046 Koonwarra St, North Albury is a 3 bedroom, 1 bathroom House with 4 parking spaces. The property has a land size of 690m2. While the property is not currently for sale or for rent, it was last sold in March 2026. There are other 3 bedroom House sold in North Albury in the last 12 months.
Last Listing description (March 2026)
Set in a proven growth pocket of North Albury, 1046 Koonwara Street is a strategic acquisition for investors seeking immediate holding income combined with strong future upside.
Occupying a sizeable allotment, the property offers excellent subdivision potential (STCA), allowing investors to unlock additional value through a multi-lot outcome. The block layout also lends itself to second dwelling or dual-occupancy potential (STCA) - an ideal pathway to increase rental yield and long-term capital growth.
The existing home provides the flexibility to generate rental income while development plans are explored, making this an attractive landbank opportunity in a location with consistent tenant demand.
With proximity to schools, local shopping, transport links, and key amenities, the fundamentals for strong occupancy and resale appeal are firmly in place - a crucial factor for investors focused on risk-adjusted returns.
Investment Highlights:
• Master bedroom with walk in robes
• Two spacious bedrooms
• Updated flooring through out
• Big storage shed with a roller door
• Subdivision potential to maximise land value (STCA)
• Scope to add a second dwelling for dual income (STCA)
• Solid holding asset with rental appeal
• High-demand rental location
• Ideal for developers, builders, and long-term investors
1046 Koonwara Street represents a rare chance to secure a scalable investment where multiple exit strategies are available - develop, dual-rent, or landbank and capitalise on future growth.
Property History for 1046 Koonwarra St, North Albury, NSW 2640
- 20 Feb 2026Listed for Sale $590,000
- 20 Feb 2026Sold for $588,000
- 09 Oct 2025Listed for Rent $480 / week
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0About North Albury 2640
The size of North Albury is approximately 5.9 square kilometres. There are 15 parks, covering nearly 15.9% of the total area. The population of North Albury in 2016 was 6058 people. By 2021 the population was 6232 showing a population growth of 2.9% in the area during that time. The predominant age group in North Albury is 20-29 years. Households in North Albury are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in North Albury work in a community and personal service occupation.In 2021, 56.10% of the homes in North Albury were owner-occupied compared with 57.00% in 2016.
North Albury has 3,739 properties. Over the last 5 years, Houses in North Albury have seen a 82.61% increase in median value, while Units have seen a 59.72% increase. As at 31 August 2026:
- The median value for Houses in North Albury is $590,721 while the median value for Units is $423,450.
- Houses have a median rent of $488 while Units have a median rent of $400.
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