Properties worth a look this weekend

The kitchen and dining area of 4 Shallows Drive, Shell Cove, which is on the market with McGrath Estate Agents.

The kitchen and dining area of 4 Shallows Drive, Shell Cove, which is on the market with McGrath Estate Agents.

Property Watch

A brand new double-storey, five-bedroom home at Shell Cove, positioned near the soon-to-be-built marina, is on the market.

The home at 4 Shallows Drive has an indoor/outdoor design with multiple living and entertaining areas.

Listed with Kane Downie and Rhiannan Harvey, of McGrath Estate Agents, the home features five oversized bedrooms (four of which have built-in wardrobes), with an en suite off the master bedroom.

Its features include a modern open-plan kitchen with walk-in pantry and ample storage, a dining area that flows out to an outdoor entertaining area, an upstairs bathroom with bath and his and hers basins, and the downstairs has potential for a study area or fifth bedroom.

There is a tiled undercover outdoor area for entertaining guests.

This home is open for inspection on Saturday from 9.30am to 10am; and from 2.30pm to 3pm. It will go to auction on Saturday, August 2 at 10.30am with a price guide of more than $680,000.

Quiet street

This  home at 22 Ellengowan Crescent, Fairy Meadow is open for inspection today from 10.30am to 11am.

This home at 22 Ellengowan Crescent, Fairy Meadow is open for inspection today from 10.30am to 11am.

A four-bedroom family home at Fairy Meadow, in a quiet street and backing on to a reserve, will go to auction next month.

The property at 22 Ellengowan Crescent is located on a large 758.8-square-metre level block.

Listed with Fady Saad and Anthony Sorace of Ray White North Wollongong, the property has the potential to add a second dwelling (subject to council approval), renovate the existing home or extend.

A building and pest inspection report is available on request.

This home is open for inspection on Saturday from 10.30am to 11am.

An on-site auction will be held on Saturday, August 2 at 10am. Registration will be from 9.30am.

According to Australian Property Monitors, the Fairy Meadow median house price is $477,000 - an increase of 4 per cent in the 12 months to April 2014.

Kiama beachfront

The view from an existing motel at 9 Bong Bong Road, Kiama, which is earmarked for redevelopment and being turned into an apartment building featuring a mix of one, two and three-bedroom apartments.

The view from an existing motel at 9 Bong Bong Road, Kiama, which is earmarked for redevelopment and being turned into an apartment building featuring a mix of one, two and three-bedroom apartments.

An existing motel in the heart of Kiama has been sold for $3,175,000 by Spinelli Real Estate.

The motel at 9 Bong Bong Road will continue to run as normal, but principal agent Mark Spinelli said he had been working with the new owners on planning the marketing of an already DA approved apartment building.

"I am very excited about the project as there is a high demand for luxury beachside apartments and the location doesn't get much better than this, looking over Kiama's main surf beach," Mr Spinelli said.

There would be a variety of designs to suit the market, with one-, two- and three-bedroom luxury apartments, including two penthouses.

He said the new owner was a local developer who builds to the highest quality of structure and finish. Prices will start in the low $400,000 range.

Buoyant auction

MMJ Wollongong had some strong sales results during a recent auction event.

Residential sales director and auctioneer Daniel Hastings said bidding got off to a hectic start for two sites on the Princes Highway Figtree, each totalling more than 1500 square metres. Both sites achieved sales results comfortably above the reserve, at $815,000 and $675,000.

Mr Hastings said developers, medical practitioners and childcare operators were among the groups vying for the rare land offerings.

"It was particularly pleasing to reach such a strong result when you have been appointed by such a significant government entity such as the NSW Roads and Maritime Services," he said.

An art deco apartment block of four strata units at 20 Gipps Street, Wollongong, also sold at the auction for $1.76 million.

Kiama Downs growth

A three-bedroom home at 15 Kurrawa Avenue, Kiama Downs, has sold for $697,000 at auction - more than $107,000 above the reserve price.

The property was sold and marketed by Scott Douglas of Raine & Horne Kiama.

Set on 556 square metres, the single-level brick home is very close to the golf course, shopping centre and picturesque Minnamurra River.

Kiama Downs house prices have recently experienced solid growth, according to Australian Property Monitors.

The median house price for the suburb now sits at $543,000, which is an impressive increase of 12 per cent in the 12 months to April 2014.

Worth a look

  • A three-bedroom Albion Park house for auction through Peter Taranto
  • A three-bedroom Barrack Heights duplex for $355,000 through Ray White
  • A four-bedroom Balgownie house for $600,000-plus through Belle Property
  • A two-bedroom Kiama unit for $590,000 through Raine & Horne
  • A five-bedroom Stanwell Tops house for auction through One Agency

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