FOR SALE
Price Guide $1,050,000

80 Parkes Street
Oak Flats NSW 2529

Bedrooms: 5
Bathrooms: 2
Car spaces: 2
Land area: 696m2
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Two Freestanding Homes in Prime Oak Flats Location!

Discover an exceptional investment opportunity at 80 Parkes St, Oak Flats, offering two free standing homes with a combined rental return of $985 per week! Perfectly positioned just minutes from the lake, schools, Oak Flats Village, the train station, and only a short drive to Stockland Shellharbour and beautiful beaches, this property is ideally located for both lifestyle and convenience.
As this property boasts two freestanding homes, it would be the perfect investment for those who work for themselves and can work from home. The granny flat can be converted into a salon or office - making this the perfect purchase, where home truly is where the heart is!
Just 350 metres from the picturesque Lake Illawarra foreshore, the property boasts:
• 695.5sqm approx. block with dual income potential
• Development potential (STCA)
• Main house includes: 3 bedrooms, timber flooring, spacious lounge, alfresco area, level yard, and a shed
• Granny flat: 2 bedrooms, open-plan living, shed, carport, and a generous yard
• Neat kitchens and bathrooms in both homes
This large parcel of land is situated in a highly sought-after location, making it the perfect addition to your investment portfolio or self-managed super fund. With tenants already in place and happy to stay, this is a rare opportunity to secure a prime asset in one of the region's most desirable areas. Don't miss out!

Property Details for 80 Parkes St, Oak Flats

80 Parkes St, Oak Flats is a 5 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 696m2. The place is currently for sale with Ray White Shellharbour City.

Building Type
House
Land Size
696m2

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About Oak Flats 2529

The size of Oak Flats is approximately 3.7 square kilometres. It has 17 parks covering nearly 11.9% of total area. The population of Oak Flats in 2011 was 6,310 people. By 2016 the population was 6,377 showing a population growth of 1.1% in the area during that time. The predominant age group in Oak Flats is 50-59 years. Households in Oak Flats are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Oak Flats work in a trades occupation. In 2011, 76.4% of the homes in Oak Flats were owner-occupied compared with 75.8% in 2016.

Oak Flats has 3,510 properties. Over the last 5 years, Houses in Oak Flats have seen a 64.33% increase in median value, while Units have seen a 51.86% increase. As at 31 October 2024:

  • The median value for Houses in Oak Flats is $940,513 while the median value for Units is $711,038.
  • Houses have a median rent of $630 while Units have a median rent of $620.
There are currently 15 properties listed for sale, and 12 properties listed for rent in Oak flats on OnTheHouse. According to CoreLogic's data, 175 properties were sold in the past 12 months in Oak flats.

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Suburb Insights for Oak Flats 2529

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Amanda Bonnici
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Inde Bonnici
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Ray White Shellharbour City
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