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1/53 Corrimal Street, Wollongong$510,000
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1/53 Corrimal Street

Wollongong, NSW 2500, Australia
$510,000
1 bed 1 bath35 m²

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About this property

Positioned in one of Wollongong's most convenient coastal pockets, this unit presents a solid investment opportunity with an existing tenancy in place. Located within walking distance to North Beach, local cafés, transport and the CBD, the property benefits from strong tenant appeal and consistent rental demand. Beyond its immediate investment value, it also offers an excellent opportunity for future owner-occupiers to secure a home in a highly sought-after lifestyle location, with the option to move in and enjoy everything the area has to offer once the current lease comes to an end. Currently leased at $450 per week until January next year, the property provides immediate rental income with minimal interruption, making it an attractive option for investors seeking a low maintenance addition to their portfolio. -Open plan living and dining area with good natural light -Functional kitchen with electric cooktop -Private balcony -Well maintained bathroom with practical layout -One bedroom with built in wardrobe and ceiling fan -Shared laundry facilities -Off street parking available -Low maintenance unit in a central location -Existing tenancy in place at $450 per week until January next year -Walking distance to North Beach, Wollongong Harbour, the CBD, cafés and transport Council $359pq* | Water $200pq* | Strata $967pq* *Figures are approximate Disclaimer: Whilst every effort has been made to ensure the accuracy and thoroughness of the information provided to you in our marketing material, we cannot guarantee the information provided, and as such, McGrath Wollongong makes no statement, representation or warranty, and assumes no legal liability

Property Details

Property Type
apartment
Listing Type
Sold
Bedrooms
1
Bathrooms
1
Land Area
35 m²
Listed
3 months ago

Repayment calculator

$2,472/month
$1,236 /fortnight
Loan $408,000 at 6.10% over 30 years

Upfront costs

Deposit$102,000
Stamp duty$14,762
Conveyancing (est.)$2,000
Total upfront$118,762
Verify with NSW revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Wollongong

This 1-bedroom apartment in Wollongong, NSW 2500 sits within reach of public transport, local shops and nearby schools. It is listed 49% below the $1m median of 70 comparable apartmentswithin 5 km.

Schools near Wollongong

  • Aspect South Coast School, Wollongong Universitycombined
  • Illawarra Hospital Schoolcombined
  • Lindsay Park Public Schoolprimary · K-6 · CoEd
  • Mount St Thomas Public Schoolprimary · K-6 · CoEd
  • Wollongong Public Schoolprimary · K-6 · CoEd
  • Wollongong West Public Schoolprimary · K-6 · CoEd

What's nearby

  • Keira St at Victoria St (bus)870 m away
  • Dong Phuong Asian Supermarket805 m away
  • George Dodd Reserve25 m away
  • Battery Park137 m away
  • Osborne Park342 m away

Wollongong at a glance

Full suburb profile
Population
20,446
Median age
35
Household income
$1,549/wk
Median rent
$410/wk
Median mortgage
$1,950/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Wollongong price trend

Median sold · Unit 1 bed

Compound growth +3.9% / yr over 4 yrs

$571kcurrent median

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