SOLD
Sold on 03 Sep 2024 for $660,000

1/39 Reddall Parade
Lake Illawarra NSW 2528

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 46m2
Land area: 1018m2
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First National Real Estate Wollongong
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Property Details for 1/39 Reddall Pde, Lake Illawarra

1/39 Reddall Pde, Lake Illawarra is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1977. The property has a land size of 1018m2 and floor size of 46m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 2 bedroom Unit sold in Lake Illawarra in the last 12 months.

Building Type
Unit
Year Built
1977
Floor Size
46m2
Land Size
1018m2
Local Government
Shellharbour
Lot/Plan
1/SP12691

Last Listing description (November 2024)

This well-presented ground floor 2 bedroom unit is located at the front of this well maintained small unit complex. This property offers a fantastic lifestyle in this highly sought after foreshore precinct of Lake Illawarra.

Property features:
- Open plan layout with polished timber floorboards.

- Solid double brick construction.
- Built in wardrobes to both bedrooms.
- Modern kitchen and freshly painted throughout.
- New bathroom with floor to ceiling tiles.
- Spacious well maintained shared laundry.
- Tidy complex of only 4 units.
- Exclusive use of garden shed 3m x 3.6m.

Stroll across the road to the safe swimming lagoon, boat ramp, walking/cycling paths and new playground facilities. A short walk will have you at popular patrolled Warilla Beach. Close to transport, multiple shopping centres and many professional services.

Fantastic lifestyle, investment opportunity or family holiday destination. There's nothing to be done, just move in and live every day like you are on holidays.

Strata Fees: $500 per quarter
Water Rates: $173 per quarter
Council Rates: $509 per quarter
Rental potential: $460-480 per week

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Property History for 1/39 Reddall Pde, Lake Illawarra, NSW 2528

A timeline of how this property has performed in the market
Last Sold
$660,000
03 Sep 2024
Listed for Rent
$460/w
01 Nov 2023
  • 03 Sep 2024
    Sold for $660,000
  • 24 Jul 2024
    Listed for Sale $660,000
  • 16 Aug 2019
    Listed for Rent $375 / week
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About Lake Illawarra 2528

The size of Lake Illawarra is approximately 2.1 square kilometres. It has 11 parks covering nearly 24% of total area. The population of Lake Illawarra in 2011 was 3,087 people. By 2016 the population was 3,167 showing a population growth of 2.6% in the area during that time. The predominant age group in Lake Illawarra is 50-59 years. Households in Lake Illawarra are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Lake Illawarra work in a trades occupation. In 2011, 46% of the homes in Lake Illawarra were owner-occupied compared with 46.8% in 2016.

Lake Illawarra has 2,015 properties. Over the last 5 years, Houses in Lake Illawarra have seen a 74.52% increase in median value, while Units have seen a 49.82% increase. As at 30 September 2024:

  • The median value for Houses in Lake Illawarra is $892,720 while the median value for Units is $647,239.
  • Houses have a median rent of $580 while Units have a median rent of $530.
There are currently 7 properties listed for sale, and 6 properties listed for rent in Lake illawarra on OnTheHouse. According to CoreLogic's data, 94 properties were sold in the past 12 months in Lake illawarra.

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