Unit 5, 5 MEMORIAL AVENUE South West Rocks NSW 2431
This property is Off Market
- Last sold 10/11/2024 for $275,000. The Average property price in this area is $821,320, this is based on recent transactions.
- Internet speed Download 100 Mbps / Upload 40 Mbps
- Distance to the coast 0.22 km
- Potential bushfire risk 0 / 10
- Report as to subsidence
- Powerlines within 200m 0
Street view
Property For Sale Nearby
Recently Sold Properties in this Area
- 10/23/2024 201 GREGORY ST $980,000
- 10/22/2024 2 GOVERNMENT RD $525,000
- 10/15/2024 55 LINDSAY NOONAN DR $1,475,000
- 10/14/2024 35 KEITH ANDREWS AVE $607,500
- 10/2/2024 16 LINKS VIEW CL $900,000
About South West Rocks
With an average age of 54, households expect an average monthly mortgage payment of $1,528 or a weekly rent payment of $300. The average family earns a weekly income of $1,375 with a typical household size of 1.9 and a 94.42% employment rate.
In South West Rocks 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 South West Rocks 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 South West Rocks 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. With very low industrial sector presence in South West Rocks the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
Public Transport
Macksville
General Points of Interest
South West Rocks Country Club
South West Rocks Golf Club
South West Rocks Swimming Pool
German Monument
Smoky Cape
Population
(Country of Birth not stated 5%)
Are people healthy?
There are a recorded 732 asthma sufferers and 479 people living with diabetes. In addition, 485 people have a heart/vascular condition and 978 people live with three or more chronic diseases.A good place to invest in property?
South West Rocks 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
07 / 100
31 / 100
Industry
04 / 100
22 / 100
Population
05 / 100
19 / 100
House Prices
39 / 100
60 / 100
Jobs
10 / 100
29 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
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School CatchmentsMelville HS Sth West Rocks PS
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Smithtown Public School
Smithtown, NSW, 2440 State K-6
Property Story
Unit 5, 5 Memorial Avenue, South West Rocks, Nsw, 2431 is a residential property with 2 bedrooms, 1 bathrooms and 0 Parking spaces. The estimated value of this home is $410,000 while properties of this type typically sell for between $375,000 and $1,100,000 in this suburb. The estimated distance to the sea is only 0.22km and 0.31KM 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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