OFF MARKET

5/3 Commerce Drive
Lake Illawarra NSW 2528

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 73m2
Land area: 1949m2
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Last updated 11 Nov 2024
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Property Details for 5/3 Commerce Dr, Lake Illawarra

5/3 Commerce Dr, Lake Illawarra is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1989. The property has a land size of 1949m2 and floor size of 73m2. While the property is not currently for sale or for rent, it was last sold in August 2015.

Building Type
Unit
Year Built
1989
Floor Size
73m2
Land Size
1949m2
Local Government
Shellharbour
Lot/Plan
5/SP35137

Last Listing description (December 2015)

Beautifully renovated, this two bedroom property stands head and shoulders above anything that's been sold in this price range. With attention to detail and thoughtful additions this will surely impress any investor or beachside retreat home seeker. Contemporary Cafe style kitchen, opening up on to a shaded Alfresco area, where you can kick back and relax when you have walked back from one of Illawarra's favourite beaches, which is just a few minutes stroll. Two generously sized bedrooms with BIW's and a recently renovated bathroom, accommodating the modern palate. Internal laundry and downstairs toilet, single drive through garage with double electric roller doors, loft storage, impressive low maintenance flooring - this property needs to be inspected! Perfectly located close to the beach, supermarkets, shopping centres and all other well known local amenities. Don't Miss Out!

Property History for 5/3 Commerce Dr, Lake Illawarra, NSW 2528

A timeline of how this property has performed in the market
Last Sold
$377,000
18 Aug 2015
  • 18 Aug 2015
    Sold for $377,000
  • 31 Jul 2015
    Listed for Sale OFFERS ABOVE $340,000
  • 21 May 2009
    Sold for $230,000
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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 2,019 properties. Over the last 5 years, Houses in Lake Illawarra have seen a 73.27% increase in median value, while Units have seen a 55.51% increase. As at 31 October 2024:

  • The median value for Houses in Lake Illawarra is $889,660 while the median value for Units is $662,315.
  • Houses have a median rent of $580 while Units have a median rent of $540.
There are currently 6 properties listed for sale, and 10 properties listed for rent in Lake illawarra on OnTheHouse. According to CoreLogic's data, 95 properties were sold in the past 12 months in Lake illawarra.

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