Prime Investment Opportunity - Dual Income - $85,800 per annum
Elders Real Estate Wollongong is proud to present this exceptional dual-living opportunity – a beautifully renovated 5 bedroom house plus a modern 2 B/R flat, perfect for growing families, in-laws, teenagers, or the astute investor.
Perfectly positioned in a quiet, leafy, and established suburb, this property enjoys impressive mountain and water views and sits on a generous 757m² block offering space and privacy.
House Features:
- 4 generously sized bedrooms with built-in wardrobes
- Spacious open plan living and dining areas
- Premium poly kitchen with stone benchtops, glass splashbacks, gas cooking, and stainless-steel appliances
- 2 modern bathrooms with quality finishes
- Combination of tiled, carpeted, and polished timber floors throughout
- Extensive under-house storage, workshop/cellar, and utility area
- Downstairs an additional self-contained 1 bedroom with private ensuite
Flat Features:
- 2 spacious bedrooms with built-in wardrobes
- Open-plan kitchen, dining, and living area with stunning city outlooks
- Internal laundry and bathroom
- Spacious uncovered balcony – perfect for relaxing and entertaining
Both properties offer an instant rental return – fully leased at $85,800 per annum.
Offering a relaxed, low-maintenance lifestyle, this property is ideal for investors seeking dual income streams or growing multi-generational families looking to move in and keep family close.
Enjoy convenient access to Wollongong CBD, local schools and shops, public and private hospitals, bus and train transport, the University of Wollongong, and the iconic Mount Keira Lookout.
Sydney CBD and airport are just over an hour away – making this an excellent opportunity for commuters or investors alike.
This property is a must-see!
Contact the team at Elders Real Estate Wollongong today to arrange your private inspection.
Features
7 bedrooms
4 bathrooms
directions_car4 carspaces
4 open car spaces
crop_free757 m² lot size
cottageBlock of units
Property history for 16 Allen St
2025
Rented
Undisclosed
Leased on 23 Dec 2025 by Elders Real Estate Wollongong
2024
Rented
Undisclosed
Leased on 28 Nov 2024 by Elders Real Estate Wollongong
2022
Rented
Undisclosed
Leased on 25 Oct 2022 by Elders Real Estate Wollongong
Happy sellers in Mount Keira
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Local market activity for 7 bedroom block of units in Mount Keira
Sold
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