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8 George Street,
Berkeley NSW 2506

This property is Off Market

All about Berkeley Homes for sale in Berkeley

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

Drive times

School Catchments

Property For Sale Nearby

The Agency 29 CORMORANT PL, Price Guide $1,300,000 4 Beds - 2 Baths - 4 Parking Within 0.8 km Stone Real Estate 69A SHEARWATER DR, Price Guide $1,050,000 - $1,150,000 4 Beds - 2 Baths - 2 Parking Within 0.9 km Belle Property 6 EMPEROR CT, $775,000 Beds - Baths - Parking Within 0.9 km OneAgency 15 MASTHEAD PL, $800,000 - $840,000 3 Beds - 1 Baths - 1 Parking Within 1.0 km At Realty 40 NORFOLK ST, $790,000 3 Beds - 2 Baths - 1 Parking Within 1.2 km Ray White 38B NOTTINGHAM ST, 799000 3 Beds - 2 Baths - 1 Parking Within 1.7 km Ray White 64B NOTTINGHAM ST, 1500000 3 Beds - 2 Baths - 0 Parking Within 1.9 km

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 train

North Wollongong train

Lysaghts

Coniston

Cringila

Port Kembla train

Port Kembla North train

Dapto

Kembla Grange

General Points of Interest

Vietnam War Memorial sport

Snake Pit Basket Ball Stadium sport

Multi-Purpose Unit Berkeley Sports & Social sport

Berkeley Sports & Social monument

Lawrence Hargrave Memorial (UOW art collection)

Skydive the Beach Sydney Wollongong sport

Kembla Grange Race Course shopping

Westfield Warrawong

Nan Tien Gratitude Bell sport

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

Disclaimer

Local Crime Rates

Incidents Trend State Average

Local Schools

School Catchments

Illawarra Sp HS Berkeley PS
Berkeley West Public School
Berkeley, NSW, 2506 State K-6
Primbee Public School
Primbee, NSW, 2502 State K-6
Illawarra Sports High School
Berkeley, NSW, 2506 State 7-12
Warrawong Public School
Warrawong, NSW, 2502 State K-6
Cringila Public School
Cringila, NSW, 2502 State K-6
Berkeley Public School
Berkeley, NSW, 2506 State K-6
Warrawong High School
Warrawong, NSW, 2502 State 7-12

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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