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.
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.
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:
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