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1&2/63 Wallace Street, Nowra, NSW 2541 Sold
1&2/63 Wallace Street, Nowra, NSW 2541 1&2/63 Wallace Street, Nowra, NSW 2541-Image 1&2/63 Wallace Street, Nowra, NSW 2541-Image 1&2/63 Wallace Street, Nowra, NSW 2541-Image 1&2/63 Wallace Street, Nowra, NSW 2541-Image 1&2/63 Wallace Street, Nowra, NSW 2541-Image 1&2/63 Wallace Street, Nowra, NSW 2541-Floorplan

1&2/63 Wallace Street, Nowra, NSW 2541

$755,000

Block Of Units
Type
6
Bedrooms
2
Bathrooms
2
Parkings
549.53 m²
Area

Last updated on Monday, July 06, 2026 ( See property details for 1&2/63 Wallace Street, Nowra, NSW 2541)

$755,000

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

A versatile dual-occupancy property in Nowra offering strong rental income, modern updates, and excellent location benefits.

🏡 Property Highlights

  • Dual-occupancy design offering versatile living and investment options
  • Strong rental income with current returns of $820 per week
  • Two fully self-contained three-bedroom units with modern updates
  • Prime location opposite Lyrebird Sports Park and close to Nowra CBD
  • Low-maintenance design ideal for investors and busy families
  • Separate outdoor spaces with rear yard access for each unit

✨ Key Features

  • Built-in Robes
  • Outdoor Area
  • Open-Plan Living
  • Balcony
  • Garage
  • Ensuite
  • Internal Laundry
  • Ceiling Fans
  • Security Screens / Gates
  • Waterfront / Views

Nowra is a vibrant regional hub offering excellent amenities, parks, and educational facilities. Its strategic location provides easy access to the CBD, medical centres, and recreational areas, making it ideal for families and investors alike. The suburb boasts a strong community vibe, ongoing growth, and a range of lifestyle conveniences. Proximity to schools, shops, and transport links enhances its appeal for long-term living and investment. The area’s natural beauty and expanding infrastructure ensure continued value appreciation within the thriving Shoalhaven region.

What are the current rental yields and potential for future income growth?
The property currently generates $820 per week with a rental opinion of $900 per week, indicating strong rental yields and potential for increased income as market conditions improve.
Are there any recent renovations or updates to the units?
Yes, both units feature updated kitchens and modern finishes, enhancing their appeal and functionality.
What are the zoning and planning regulations for this property?
The property is zoned for residential use within the Shoalhaven region, suitable for dual occupancy and investment purposes. Specific zoning details can be confirmed with local council.
Is there any ongoing or upcoming development in the surrounding area?
The property is situated in a well-established area with minimal planned developments, ensuring stability and continued appeal.
What are the maintenance requirements for this low-maintenance property?
The property’s design minimizes upkeep, with manageable outdoor spaces and modern fixtures that reduce ongoing maintenance costs.
Are there any hidden costs or strata fees associated with this dual-occupancy property? Has the property been inspected for any structural or pest issues? Are there any restrictions or easements affecting the use of the land or units? Is the property compliant with all local building codes and regulations? What is the history of the property regarding flooding or bushfire risks? Are there any planned developments or zoning changes in the vicinity that could impact value? What are the terms of the current leases, and when are they due for renewal? Are there any upcoming maintenance or repair costs anticipated for the units? Is there any existing insurance coverage, and what does it include? Are there any restrictions on lease terms or tenant occupancy for the units?

1&2/63 Wallace Street, Nowra, NSW 2541 - More Details

$755,000

This impressive dual-occupancy property presents a rare and versatile opportunity in the heart of Nowra. Comprising two fully self-contained three-bedroom units, this property is perfectly suited to savvy investors seeking strong rental returns, multi-generational families wanting space and independence, or owner-occupiers looking to live in one and lease the other.

unit 1:
- 3 bedrooms all with ceiling fans & 1 with a built-in wardrobe
- updated kitchen overlooking rear yard
- internal laundry/bathroom, plus direct backyard access
- separate WC
- carport parking
- current tenant paying $400 pw

unit 2:
- 3 bedrooms, all with built-in wardrobes
- updated kitchen, overlooking rear yard
- front balcony overlooking Lyrebird Sports Park
- all-in-one main bathroom
- single lock-up garage
- external laundry with second WC
- current tenant paying $420 pw

Currently returning $820 per week, with a current rental opinion of $900 per week ($450 per unit).

Location:
- across the road from Lyrebird Sports Park
- 6 min drive to Nowra CBD
- 8 min drive to Shoalhaven District Hospital 
- adjoining local primary school

The dual-income potential makes this property a smart addition to any investment portfolio, while its low-maintenance design ensures ease of management. Positioned in a well-established and convenient location, close to local schools, shops, medical facilities, and essential amenities, it delivers both lifestyle appeal and long-term growth potential within the thriving Shoalhaven region.
Type
Block Of Units
Bedrooms
6
Bathrooms
2
Parkings
2
Area
549.53 m²

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