6 Korrongulla CrescentPrimbee NSW 2502
Property Details for 6 Korrongulla Cres, Primbee
6 Korrongulla Cres, Primbee is a 4 bedroom, 4 bathroom Unit and was built in 1964. The property has a land size of 652m2 and floor size of 44m2. While the property is not currently for sale or for rent, it was last sold in February 2023.
Last Listing description (December 2025)
Domain Illawarra Real Estate is delighted to present an exceptional investment opportunity - a solid full brick complex comprising four spacious one-bedroom apartments, currently returning an impressive $69,160 per annum with further scope for rental growth and strategic value-adding (STCA).
Set on a generous parcel 632.3 sqm with dual street access, this tightly held property offers versatility rarely found in today's market. Investors will appreciate the strong existing yield, while developers may explore the potential to strata-title each unit or subdivide (STCA), maximising long-term returns.
Each residence offers an inviting open plan living area flowing seamlessly to a well-appointed kitchen, a generous bedroom with built-in wardrobe, and a solid combined bathroom and laundry. The full brick construction ensures durability, low maintenance, and enduring appeal with a fully renovated unit downstairs.
Ideally positioned within walking distance of beautiful Lake Illawarra and local schools, and only moments from Warrawong Plaza, Port Kembla Beach, swimming pools, and golf club, this is a location that continues to experience strong demand.
Key features:
Solid full brick construction
Four spacious 1-bedroom apartments with full renovation to 1
Strong current income of $1,330 per week and room to increase
Open plan living with well-presented kitchens
Large bedrooms with built-in wardrobes
Solid bathrooms combined with internal laundries
Excellent potential to strata-title or subdivide (STCA)
Dual entrance adding flexibility for future development (STCA)
632.23 sqm with land dimension 21.95 / 13.72 x 37.06 / 34.67
Close to Lake Illawarra, schools, shops, beaches, and lifestyle amenities
A rare chance to secure a high-performing, future-proof investment in a thriving coastal suburb.
Disclaimer:
At Domain Illawarra Real Estate, we strive to provide accurate information in our marketing materials based on details supplied by our Vendors. However, we cannot guarantee the complete accuracy of this information. Therefore, Domain Illawarra Real Estate does not make any representation, statement, or warranty regarding the complete accuracy of the details shared. We strongly advise potential buyers to undertake their own due diligence when considering a property purchase. Please note that all photographs, maps, and images are for marketing purposes and are representative only.
Property History for 6 Korrongulla Cres, Primbee, NSW 2502
- 28 Nov 2025Listed for Sale Price Guide $1,295,000
- 21 Feb 2023Sold for $1,020,000
- 24 Jan 2023Sold
Recent sales nearby
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About Primbee 2502
The size of Primbee is approximately 3.3 square kilometres. It has 10 parks covering nearly 70.6% of 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 817 properties. Over the last 5 years, Houses in Primbee have seen a 45.88% increase in median value, while Units have seen a 41.57% increase. As at 30 November 2025:
- The median value for Houses in Primbee is $1,042,594 while the median value for Units is $672,364.
- Houses have a median rent of $700 while Units have a median rent of $485.
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