OFF MARKET

51 Addison Avenue
Lake Illawarra NSW 2528

Bedrooms: 3
Bathrooms: 1
Car spaces: 3
Floor area: 115m2
Land area: 700m2
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Property Details for 51 Addison Ave, Lake Illawarra

51 Addison Ave, Lake Illawarra is a 3 bedroom, 1 bathroom House with 3 parking spaces. The property has a land size of 700m2 and floor size of 115m2. While the property is not currently for sale or for rent, it was last sold in September 2019.

Building Type
House
Floor Size
115m2
Land Size
700m2
Local Government
Shellharbour
Lot/Plan
134/DP24325

Last Listing description (October 2019)

Offering a wide variety of opportunities, this quaint three-bedroom cottage covers all the bases. Ideally located within reach of the foreshores of the beautiful Lake Illawarra and Warilla Beach, this property boasts dimensions that will allow a multitude of options for the first home buyer, developer or knock-down rebuilder.
Currently configured with a three bedroom home with formal living, kitchen/dining room and potential plus! With the key attributes of this fantastic 695.5 sqm (approx.) parcel of land with a 15.24 m frontage and 45.835/45.825 m depth. More importantly, the property is zoned R3 medium Density Residential with a Floor Space Ratio of 0.7. Should you be looking for a site with these tremendous particulars and offering a gentle fall from the back of the block to the front for drainage and stormwater flow.
Ideal for the first home buyer looking to secure a great first home with the opportunity to be located in the sought-after coastal precinct of Lake Illawarra. Within close proximity to the waters of Lake Illawarra and with Warilla beach at the end of the street, this property will suit the first home buyer yearning for the ability to have access at hand for the morning surf, paddle board or fish. You will be in awe of the size of the backyard allowing you to have room for the future and the opportunity to expand as the family grows.

Alternatively, for those searching for the ideal knock-down rebuild site, look no further. With a huge parcel of land comes huge opportunity, with dimensions that will suit the construction of your dream coastal home, you will have room for the home befitting your family, plus space for the pool, yard for the kids to play, opportunity to park a boat, caravan or trailer. This incredible property boosts the three key P's for a knock-down rebuild - Proportions, Position and Price!
Amenities and convenience abound with this property located within a short stroll of Lake Illawarra Public School, Lake Illawarra High School, the Addison Avenue Shopping zone, Warilla Grove, public transport and much, much more...
You will kick yourself if you do not move quickly on this property, competition will be fierce and you cannot afford to miss this one.

Property History for 51 Addison Ave, Lake Illawarra, NSW 2528

A timeline of how this property has performed in the market
Last Sold
$518,000
07 Sep 2019
  • 07 Sep 2019
    Sold for $518,000
  • 15 Aug 2019
    Listed for Sale Auction
  • 05 Aug 1993
    Sold for $128,000

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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.

Suburb Insights for Lake Illawarra 2528

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.