31 Rowland Avenue
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About this property
Positioned in one of Wollongong's most convenient pockets, this beautifully maintained character cottage offers the perfect blend of traditional charm and modern potential. Whether you're looking to enter the market, invest in a high-growth area, or find a charming city-fringe residence, this property is a "must-see." Based on the current market conditions we believe a rental return of the following is achievable: • 4 Bedroom unit - $875 - $925 per week • 1 Bedroom unit - $470 per week (Leased) • 3 Bedroom unit - $900 - $990 per week Combined estimated return: $2,245 - $2,385 per week Situated all on one title this rare opportunity features three separate residences which can be leased or use as an Air BnB. Consisting of one main three bedroom home plus an attached one bedroom unit and a four bedroom home at the rear. With inspiring investor or big-family potential, this superb property could not be better placed brimming with everyday appeal just a few minutes' stroll from the heart of the CBD. Designed to generate a constant income stream (approx. $2,050pw), it offers rare flexibility of use complete with two freshly updated freestanding homes perfect for dual generations and a self-contained flat enjoying private access from McKenzie Avenue. Only moments from top schools, Wollongong Hospitals and beaches this is smart lifestyle buying of an exceptional calibre. • Spacious and comfortable dual-level main home renovated throughout • Three bedrooms plus sunroom/office, two lounges, entertainers' deck • Modern kitchen, elegant bathroom with clawfoot bathtub, generous robes • Second four-bed home with dual living areas, additional one-bedroom unit • Tandem lock-up garaging, Mount Keira views rebuild for luxury (STCA) • Ever-popular setting in a quiet street with city bus directly opposite • Close proximity to shops, cafes and restaurants, TAFE, parks and beaches
Property Details
- Property Type
- house
- Listing Type
- For Sale
- Bedrooms
- 8
- Bathrooms
- 5
- Parking
- 5
- Land Area
- 797 m²
- Listed
- 2 months ago
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Neighbourhood
Living in Wollongong
This 8-bedroom house in Wollongong, NSW 2500 sits within reach of public transport, local shops and nearby schools. It is listed 153% above the $790,000 median of 65 comparable houseswithin 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
- Rowland Av opp Rawlinson Av (bus) — 295 m away
- Village Spice Market — 504 m away
- Unnamed — 317 m away
- Reaston Park — 346 m away
- George Parker Reserve — 372 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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Property Report
Crime & Safety
Total incidents
5,200
Estimated annual (2024-2025)
vs State average
Average
Recent trend
Stable
Incidents by category
Wollongong experiences crime rates broadly consistent with NSW regional centres of similar size and demographic profile. Property crimes including theft and malicious damage represent the largest categories, while violent crime rates remain moderate. The suburb maintains relatively stable crime patterns with typical fluctuations for a major regional city.
Suburb market
Suburb price trend
Wollongong price trend
Median sold · House 3 bed
Compound growth +0.8% / yr over 4 yrs
Suburb-wide medians from sold listings — a guide to the area, not this specific property.
Full Wollongong marketThis listing
Price history
Price history
Listing price changes
1 price change recorded for this property
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