36 Nicolle Road, Primbee, NSW 2502-Image

For Sale

36 Nicolle Road, Primbee, NSW 2502

$995,000 - $1,085,000

Villa

Type

Bedrooms

Bathrooms

Parkings

696 m²

Area

Published on Friday, July 24, 2026 ( See property details for 36 Nicolle Road, Primbee, NSW 2502)

$995,000 - $1,085,000

Shane Szakacs - Real Estate Agent - Ray White - South Wollongong

Shane Szakacs Sales Consultant

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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 rare lakeside investment opportunity in Primbee featuring two self-contained villas with future development potential and immediate rental income.

🏡 Property Highlights

Generous 696 square metres block in a sought-after lakeside location
Two self-contained one-bedroom villas with individual carports
Currently leased at $330 per week each, offering immediate income
Potential to increase rental income beyond current rates
Close proximity to Lake Illawarra, walking tracks, parks, and recreational facilities
Opportunity to add a third income stream by installing a Tiny Home (STCA)

✨ Key Features

Waterfront / Views
Open-Plan Living
Built-in Robes
Outdoor Area
Secure Parking
Water tank
Pet-Friendly
Ensuite
Floorboards
Open-Plan Living

Suburb and Property Insights of Primbee, NSW 2502

Primbee is a highly sought-after lakeside suburb renowned for its scenic beauty, tranquil parks, and walking tracks along Lake Illawarra. It offers excellent proximity to local shops, schools, and public transport, making it ideal for both lifestyle and investment. The area is known for its strong community feel and future growth potential, making it a prime location for property investors seeking stability and development opportunities.

Frequently Asked Questions

What are the current rental yields and potential for future income growth?

The current combined rental income is $660 per week, with existing rents below market value, indicating potential for increased income as rental rates rise to $380-$400 per week per villa.

Can I add a third dwelling or Tiny Home on the property?

Yes, subject to meeting NSW State Environmental Planning Policy (SEPP) criteria and complying development requirements, there is potential to install a Tiny Home or secondary dwelling, creating a third income stream.

What development opportunities are available for this property?

The property offers future development potential (STCA), including possible subdivision or additional dwellings, making it an attractive option for landbanking or future projects.

Are there any restrictions or approvals needed for future modifications?

Any modifications, including installing a Tiny Home or additional structures, would require compliance with local planning regulations and possibly development approval, depending on the scope of work.

What are the key features of the property that enhance its value?

Key features include its lakeside location, dual self-contained villas, individual carports, potential for rental growth, and future development options.

What to ask about this property to agent?

Are there any zoning restrictions or easements that could affect future development or modifications? What are the total costs involved in potential upgrades or adding a third dwelling? Are there any existing or upcoming planning proposals in the area that could impact the property? Is there any history of flooding or bushfire risk in this location? Are there any strata or community title considerations, or is it freehold land?

36 Nicolle Road, Primbee, NSW 2502 - More Details

$995,000 - $1,085,000

Type: Villa
Bedrooms: 2
Bathrooms: 2
Parkings: 2
Area: 696 m²

Email Enquiry To Ray White - South Wollongong

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36 Nicolle Road, Primbee, NSW 2502

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