8 George Street, Berkeley NSW 2506
This property is Off Market
- Last sold 6/14/2024 for $1,622,000. The Average property price in this area is $784,628, this is based on recent transactions.
- Internet speed Download 100 Mbps / Upload 40 Mbps
- Distance to the coast 4.23 km
- Potential bushfire risk 0 / 10
- Report as to subsidence
- Potential Land Contamination risk
- Powerlines within 200m 0
Street view
Property For Sale Nearby
Recently Sold Properties in this Area
- 10/22/2024 6 NEWCOMBE ST $800,000
- 10/21/2024 32 NOTTINGHAM ST $800,000
- 10/9/2024 3 KARMAL ST $690,000
- 10/9/2024 9 NOLAN ST $810,000
- 10/8/2024 62 KELLY ST $745,000
About Berkeley - Lake Heights - Cringila
With an average age of 40, households expect an average monthly mortgage payment of $1,742 or a weekly rent payment of $280. The average family earns a weekly income of $1,292 with a typical household size of 2.4 and a 95.45% employment rate.
In Berkeley there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Berkeley is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in Berkeley leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. Lower than average industry presence in Berkeley we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Berkeley a better buying opportunity than it may have been in the past.
Public Transport
Unanderra
Wollongong
North Wollongong
Lysaghts
Coniston
Cringila
Port Kembla
Port Kembla North
Dapto
Kembla Grange
General Points of Interest
Vietnam War Memorial
Snake Pit Basket Ball Stadium
Multi-Purpose Unit
Berkeley Sports & Social
Berkeley Sports & Social
Lawrence Hargrave Memorial (UOW art collection)
Skydive the Beach Sydney Wollongong
Kembla Grange Race Course
Westfield Warrawong
Nan Tien Gratitude Bell
Lysaght's Rec Club
Population
(Country of Birth not stated 8%)
Are people healthy?
There are a recorded 1983 asthma sufferers and 950 people living with diabetes. In addition, 930 people have a heart/vascular condition and 1717 people live with three or more chronic diseases.A good place to invest in property?
Berkeley - Lake Heights - Cringila a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
New South Wales State average 59 / 100
Income
14 / 100
31 / 100
Industry
14 / 100
22 / 100
Population
11 / 100
19 / 100
House Prices
47 / 100
60 / 100
Jobs
15 / 100
29 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
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School CatchmentsIllawarra Sp HS Berkeley PS
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Warrawong Public School
Warrawong, NSW, 2502 State K-6 -
Illawarra Sports High School
Berkeley, NSW, 2506 State 7-12 -
Lake Heights Public School
Lake Heights, NSW, 2502 State K-6 -
Primbee Public School
Primbee, NSW, 2502 State K-6
Property Story
8 George Street, Berkeley, Nsw, 2506 is a residential property with 3 bedrooms, 1 bathrooms and 4 Parking spaces. The estimated value of this home is $1,310,000 while properties of this type typically sell for between $590,000 and $1,070,000 in this suburb. The estimated distance to the sea is 4.23km and at least 1.37KM to vegatation considered to be a factor in bushfire risk.Local Developments
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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