Back 5 Karoo Street
Off Market

5 Karoo Street

Albion Park Rail NSW 2527

5
2
1
822 m²
House
Last sold for $1,000,000
Amanda BonniciAmanda Bonnici, last sold this property on 03 July 2025 after -18 days on market.

Overview

PRIME DEVELOPMENT OPPORTUNITY - 5 KAROO STREET, ALBION PARK RAIL

R3 ZONED - IDEAL FOR DEVELOPMENT Unlock the potential of this exceptional property in the heart of Albion Park Rail! PROPERTY HIGHLIGHTS CURRENT SETUP: • Spacious family home with multiple living areas • 5+ bedrooms across main house and separate accommodations • Well-appointed kitchen with quality finishes • Beautiful in-ground swimming pool • Multiple sheds and storage areas • Caravan parking and covered outdoor entertaining PRIME LOCATION BENEFITS: • Walking distance to Albion Park Rail Train Station - perfect for commuters • Close to Lake Illawarra - enjoy waterfront lifestyle and recreation • Near shops and amenities - convenience at your doorstep • Established residential area with strong growth potential DEVELOPMENT POTENTIAL: • R3 Medium Density Residential Zoning • Large block with excellent street frontage • Multiple existing structures provide flexibility • Potential for townhouses, units, or dual occupancy (STCA) • High-demand area with strong rental and sales market PERFECT FOR: • Developers seeking premium R3 zoned land • Investors looking for future capital growth • Families wanting space and location • Those seeking development potential while enjoying current income The combination of R3 zoning, prime location near transport and Lake Illawarra plus existing improvements makes this a rare find in today's market. *All development subject to council approval. Buyers should conduct their own due diligence regarding development potential. Don't miss this opportunity to secure a prime piece of Albion Park Rail real estate!

Features

5 bedrooms
2 bathrooms
1 carspace
1 carport space
822 m² lot size
House

Estimated Value

Based on this property and similar 5 bedroom houses sold in Albion Park Rail over the last 12 months, the estimated median property value of 5 Karoo Street is $950k.

Median value
$950k
Estimated value range
$850k - $1.03m
Median days on market
15
Estimated value trend
-4%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Albion Park Rail. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 5 Karoo Street

2025
Rented
Undisclosed
Leased on 17 Sep 2025 by The Agency Illawarra Wollongong
2025
Sold
$1,000,000
Private Sale/Treaty on 03 Jul 2025 by Amanda Bonnici, of Ray White Shellharbour City

Happy sellers in Albion Park Rail

95%
95% of sellers in Albion Park Rail reported that their sale price either exceeded or met their price expectations.

Albion Park Rail stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 17 reviews in Albion Park Rail over the last 12 months.

Local market activity for 5 bedroom houses in Albion Park Rail

In the last 12 months, 8 five-bedroom houses similar to 5 Karoo Street, have been sold.

This represents a 50% decrease in five-bedroom houses sales when compared to the previous 12 months.

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