36 Nicolle RoadPrimbee NSW 2502
Property Details for 36 Nicolle Rd, Primbee
36 Nicolle Rd, Primbee is a 2 bedroom, 2 bathroom House with 2 parking spaces and was built in 1968. The property has a land size of 692m2 and floor size of 36m2. While the property is not currently for sale or for rent, it was last sold in September 2021.
Last Listing description (August 2026)
Perfectly positioned in one of Primbee's most tightly held pockets and just 300 metres to Lake Illawarra, walking tracks, parks and recreational facilities. 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 complete with its own carport. Both villas are currently tenanted at $330 per week, delivering a combined rental income of $660 per week. With updated rental assessments indicating potential returns of $380-$400 per week per villa, there is opportunity to further enhance the property's income-generating potential.
Property Highlights
-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
- Close to local shops, schools, public transport and major arterial roads
Unlock a Third Income Stream
Adding even further appeal, the property may offer the potential to install a Tiny Home (secondary dwelling) under the NSW State Environmental Planning Policy (SEPP), which can be exempt from requiring Development Approval, subject to meeting the relevant criteria and complying development requirements. This presents an exciting opportunity to create a third rental income stream and maximise the return on this unique investment.
Whether you're looking to invest, landbank or secure a property with future development potential (STCA), opportunities like this in lakeside Primbee are becoming increasingly rare.
Contact Shane Szakacs from Ray White South Wollongong for further information on 0417435585
Property History for 36 Nicolle Rd, Primbee, NSW 2502
- 24 Jul 2026Listed for Sale $995,000 - $1,085,000
- 24 Sep 2021Sold for $810,000
- 15 Sep 2021Listed for Sale Offers Invited
Recent sales nearby
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0About 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 821 properties. Over the last 5 years, Houses in Primbee have seen a 34.94% increase in median value, while Units have seen a 22.21% increase. As at 31 August 2026:
- The median value for Houses in Primbee is $1,076,533 while the median value for Units is $671,829.
- Houses have a median rent of $760 while Units have a median rent of $428.
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