Lifestyle location with immediate income

For Sale

1/53 Corrimal St, Wollongong, NSW, 2500

Lifestyle location with immediate income

Apartment

Type

Bedrooms

Bathrooms

Published on Tuesday, April 14, 2026 ( See property details for 1/53 Corrimal St, Wollongong, NSW, 2500)

Alisa Sturluson - Real Estate Agent - McGrath - Wollongong

Alisa Sturluson Sales Agent

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A low-maintenance, centrally located apartment with rental income potential and coastal lifestyle appeal in Wollongong.

🏡 Property Highlights

Prime coastal location within walking distance to North Beach and Wollongong Harbour
Immediate rental income of $450 per week with existing tenancy until January
Low maintenance, well-presented apartment in a central position
Open plan living and dining area with natural light
Private balcony ideal for outdoor relaxation
Functional kitchen with electric cooktop and practical layout

✨ Key Features

Built-in Robes
Ceiling Fans
Outdoor Area / Balcony
Open-Plan Living
Shared Laundry
Off street parking
Waterfront / Views
Low-Maintenance Yard
Pet-Friendly
Security Screens / Gates

Suburb and Property Insights of Wollongong, NSW 2500

Wollongong offers a vibrant coastal lifestyle with stunning beaches, a lively café scene, and excellent transport links. The area boasts strong rental demand, a friendly community, and proximity to natural attractions, making it ideal for both investors and owner-occupiers seeking a relaxed yet convenient lifestyle.

Frequently Asked Questions

What is the current rental income and lease term?

The property is currently leased at $450 per week until January next year, providing immediate rental income.

Is the apartment suitable for owner-occupiers after the lease ends?

Yes, the apartment offers an excellent opportunity for future owner-occupiers to enjoy the highly sought-after lifestyle location once the current lease concludes.

What are the main features of the apartment?

The apartment features an open plan living and dining area, private balcony, functional kitchen with electric cooktop, one bedroom with built-in wardrobe and ceiling fan, and shared laundry facilities.

Is there parking available?

Yes, off street parking is available for residents.

What are the ongoing costs associated with the property?

Approximate ongoing costs include council rates of $359 per quarter, water rates of $200 per quarter, and strata fees of $967 per quarter.

What to ask about this property to agent?

Are there any upcoming strata fee increases or special levies planned? Are there any restrictions or easements affecting the property? Has the property been recently renovated or inspected for structural issues? Are there any planned developments or zoning changes in the area? What are the noise levels and neighbour conditions in the building? Is the property compliant with all building and safety regulations? Are there any known issues with shared facilities or communal areas? What are the terms of the existing tenancy agreement? Are there any restrictions on pet ownership in the building? Is the property located in a flood or bushfire-prone area?

1/53 Corrimal St, Wollongong, NSW, 2500 - More Details

Lifestyle location with immediate income

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

Type: Apartment
Bedrooms: 1
Bathrooms: 1

1/53 Corrimal St, Wollongong, NSW, 2500 - Point Of Interest

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Your Commute at a Glance: 1/53 Corrimal St, Wollongong, NSW, 2500

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Alisa Sturluson

1/53 Corrimal St, Wollongong, NSW, 2500

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