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15 Katrina Street, Warrawong, NSW 2502-Image

15 Katrina Street, Warrawong, NSW 2502

$1,085,000

Block Of Units

Type

Bedrooms

Bathrooms

Parkings

Last updated on Monday, July 06, 2026 ( See property details for 15 Katrina Street, Warrawong, NSW 2502)

$1,085,000

Ali Yagmur - Real Estate Agent - Domain Illawarra Real Estate

Ali Yagmur Principal/Licensee-L.R.E.A, Auctioneer

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Liam McKern - Real Estate Agent - Domain Illawarra Real Estate

Liam McKern Sales Associate/Property Management

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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 versatile dual-unit investment opportunity in Warrawong offering water views, low-maintenance living, and strong rental returns.

🏡 Property Highlights

Dual-unit investment with strong rental income of nearly $50,000 per annum
Distant water views from the living area and front balcony
Convenient location in Warrawong, NSW 2502
Two spacious two-bedroom units with functional layouts
Low-maintenance rear gardens for easy living
Includes lock-up garage and carport for added convenience

✨ Key Features

Built-in Robes
Open-Plan Living
Outdoor Area / Balcony
Internal Laundry
Garage / Secure Parking
Waterfront / Views
Balcony
Pet-Friendly
Secure Parking
Low-Maintenance Yard

Suburb and Property Insights of Warrawong, NSW 2502

Warrawong is a vibrant suburb offering convenient access to beaches, shopping, and transport. It boasts a strong community atmosphere, scenic water views, and excellent amenities, making it ideal for both investors and families seeking a relaxed coastal lifestyle.

Frequently Asked Questions

What is the current condition of the units and are there any recent renovations?

The units are well-maintained with functional layouts; any recent renovations are not specified, so potential buyers should conduct a thorough inspection.

Are there any planning or development restrictions in the area?

Potential buyers should verify local zoning laws and any planning restrictions with the Warrawong council to ensure compliance.

What are the ongoing costs associated with the property?

Ongoing costs may include council rates, strata or body corporate fees, maintenance, and insurance; specific details should be confirmed with the current owner or agent.

Is there potential for future capital growth in Warrawong?

Warrawong's proximity to beaches, amenities, and ongoing development suggests potential for future growth, but market conditions should be assessed.

Are there any known issues with the water views or water access?

The property offers distant water views; buyers should confirm any water access rights or restrictions during due diligence.

What to ask about this property to agent?

Are there any existing or past issues with flooding or drainage in the area? What are the strata or body corporate fees and what do they cover? Are there any upcoming developments or construction projects nearby that could affect the property? Has the property been inspected for structural issues or pest infestations? Are there any easements or zoning restrictions that could impact future modifications? What are the terms of the current leases, and are there any rent increase restrictions? Is there any history of water damage or leaks in the units? Are there any planned upgrades or maintenance costs expected in the near future? What are the noise levels and neighbour relations like in the area? Are there any restrictions on pet ownership within the property or complex?

15 Katrina Street, Warrawong, NSW 2502 - More Details

$1,085,000

Domain Illawarra Real Estate is proud to present this solid investment opportunity, comprising two spacious two-bedroom units positioned in a convenient and sought-after location.

Each unit offers a functional layout featuring a well-appointed kitchen with electric stove, flowing into an open plan living and dining area designed for comfortable everyday living.

Both units include two generous bedrooms, with built-in wardrobes to the main, along with a large bathroom featuring both shower and bathtub plus a separate toilet.

The homes also provide the practicality of an internal laundry with access to the low-maintenance rear gardens, creating an easy-care lifestyle for tenants or owners alike.

Enjoy distant water views from the cosy living area, or relax on the front balcony and take in the outlook.

Additional features include a lock-up garage and carport, adding extra convenience and value.

Currently returning almost $50,000 per annum, this property presents an excellent income-producing investment with future upside. One unit is currently on an expired lease, while the second lease runs through to January 2027, offering both immediate flexibility and stable rental income.

A fantastic opportunity to live in one unit while renting the other and significantly offset your mortgage, or simply secure a strong dual-income investment.

An outstanding opportunity for investors or owner-occupiers alike.

Disclaimer:
At Domain Illawarra Real Estate, we strive to provide accurate information in our marketing materials based on details supplied by our Vendors. However, we cannot guarantee the complete accuracy of this information. Therefore, Domain Illawarra Real Estate does not make any representation, statement, or warranty regarding the complete accuracy of the details shared. We strongly advise potential buyers to undertake their own due diligence when considering a property purchase. Please note that all photographs, maps, and images are for marketing purposes and are representative only.

Type: Block Of Units
Bedrooms: 4
Bathrooms: 2
Parkings: 2

Map & nearby places — 15 Katrina Street, Warrawong, NSW 2502

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15 Katrina Street, Warrawong, NSW 2502

$1,085,000

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