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Back 5 First Avenue South
Off Market

5 First Avenue South

Warrawong NSW 2502

8
4
4
651 m²
Block of units
Last sold for $2,011,000
Victor ShalalaVictor Shalala, last sold this property on 14 October 2025 after 25 days on market.

Overview

Prime Investment – Auction Wednesday the 15th of October 6pm at MMJ Wollongong

An exceptional chance to secure a block of 4 oversized 2-bedroom units in the booming Warrawong CBD – one of the Illawarra's most exciting growth corridors. With a long term proven annual gross return of approx. $94,120, this is a rock-solid, income generating asset that also offers enormous future value uplift as the precinct continues its transformation. • Freehold, two level unit block with 4 x oversized 2 bedroom apartments. • Ideal corner site in the heart of Warrawong's town centre. • Proven occupation history with passing rent of $94,120pa – genuine potential to increase • Capitalise on Warrawong's Government future planning and current CBD revitalisation • Site Area of 651m2 and zoned R2 Low Density Residential. This is the kind of set-and-forget investment that delivers both immediate returns, potential uplift in value and long-term capital growth. Opportunities like this are rare – secure your future prosperity today. Disclaimer: We have obtained all information provided here from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations and satisfy themselves of all aspects of such information including and without limitation, any income, rentals, dimensions, areas, zoning, inclusions and exclusions.

Features

8 bedrooms
4 bathrooms
4 carspaces
4 open car spaces
651 m² lot size
Block of units

Estimated Value

We need at least 3 similar 8 bedroom block of units sold in Warrawong over the last 12 months.

Property history for 5 First Avenue South

2025
Sold
$2,011,000
14 Oct 2025 by Victor Shalala, of MMJ Real Estate Wollongong

Happy sellers in Warrawong

<50%
Less than 50% of sellers in Warrawong reported that their sale price either exceeded or met their price expectations.

Warrawong stands out as a desirable suburb for sellers, consistently delivering great customer service and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Warrawong over the last 12 months.

Local market activity for 8 bedroom block of units in Warrawong

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Adam Spinelli is a recommended agent for Warrawong.  They have 3 local sales across the last 12 months.

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