89 Park RoadNowra NSW 2541
Property Details for 89 Park Rd, Nowra
89 Park Rd, Nowra is a 4 bedroom, 2 bathroom House with 1 parking spaces and was built in 1990. The property has a land size of 768m2 and floor size of 147m2. While the property is not currently for sale or for rent, it was last sold in August 2019.
Last Listing description (September 2025)
Triple-income property at 89 Park Road featuring three separate dwellings. Currently partially rented for $690/week, with potential earnings of $1,200/week, this is an outstanding investment that offers immediate returns and significant future potential.
Main Residence: Spacious 3-bedroom, 1-bathroom home offering comfortable family living with excellent rental appeal.
Converted Studio: Thoughtfully transformed garage now serves as a self-contained studio featuring kitchenette, bathroom, and combined living/sleeping space - perfect for young professionals or couples.
Investment Highlights:
Current rental income: $690 per week with both house and studio in a fixed term lease until November (approx. $35,880 per year or 3.9% return)
Potential rental income: approx. $63.960 per year across all three dwellings if rented separately
Main house: approx. $570/week potential
Studio: approx. $300/week potential
Granny flat: approx. $360/week potential
Potential Rental Yield = 7.1% (approx)
Location Benefits:
Shoalhaven Netball Association Complex - 750m (approx)
PCYC Shoalhaven - 250m (approx)
Nowra Private Hospital - 1km (approx)
Worrigee Sports - 1.9km (approx)
South Nowra Football Fields 1.5km (approx)
FoodWorks Worrigee - 1.6km (approx)
Shoalhaven High School - 300m (approx)
Nowra Christian School - 1.6km (approx)
This versatile property offers multiple investment strategies, live in one and rent the others, or maximize returns by renting all three units. An ideal opportunity for savvy investors seeking strong rental yields and capital growth potential. Perfect for investors, multi-generational families, or those seeking additional income streams. Get in touch with us to arrange your inspection today.
Property History for 89 Park Rd, Nowra, NSW 2541
- 06 Jun 2025Listed for Sale $820,000
- 22 Aug 2024Listed for Rent $560 / week
- 17 Apr 2023Listed for Rent $520 / week
Recent sales nearby
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About Nowra 2541
The size of Nowra is approximately 9.0 square kilometres. It has 33 parks covering nearly 18.7% of total area. The population of Nowra in 2016 was 9193 people. By 2021 the population was 9956 showing a population growth of 8.3% in the area during that time. The predominant age group in Nowra is 20-29 years. Households in Nowra are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Nowra work in a community and personal service occupation.In 2021, 50.10% of the homes in Nowra were owner-occupied compared with 49.90% in 2016.
Nowra has 6,253 properties. Over the last 5 years, Houses in Nowra have seen a 38.51% increase in median value, while Units have seen a 29.86% increase. As at 31 March 2026:
- The median value for Houses in Nowra is $679,259 while the median value for Units is $459,937.
- Houses have a median rent of $540 while Units have a median rent of $430.
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