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31 Rowland Avenue, Wollongong$2m
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31 Rowland Avenue

Wollongong, NSW 2500, Australia
$2m
8 bed 5 bath 5 car797 m²

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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

Repayment calculator

$9,696/month
$4,848 /fortnight
Loan $1,600,000 at 6.10% over 30 years

Upfront costs

Deposit$400,000
Stamp duty$90,224
Conveyancing (est.)$2,000
Total upfront$492,224
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 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 Market504 m away
  • Unnamed317 m away
  • Reaston Park346 m away
  • George Parker Reserve372 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.

Due diligence

Property Report

Heritage & Conservation

Complete
Not heritage listed

No heritage items found near this property.

Source: NSW Heritage Register (ArcGIS)06/05/2026
Disclaimer: This report combines data from Australian Government open data portals (CC-BY 4.0) and StMate AI. For non-NSW properties some sections (zoning, flood, bushfire, development, heritage) are AI-generated based on publicly known suburb characteristics — always verify with the relevant council or authority before making decisions. This report does not constitute legal, financial, or planning advice.

Suburb market

Suburb price trend

Wollongong price trend

Median sold · House 3 bed

Compound growth +0.8% / yr over 4 yrs

$1.06mcurrent median

Suburb-wide medians from sold listings — a guide to the area, not this specific property.

Full Wollongong market

This listing

Price history

Price history

Listing price changes

1 price change recorded for this property

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Within 5km

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