6 Shellharbour RoadLake Illawarra NSW 2528
Property Details for 6 Shellharbour Rd, Lake Illawarra
6 Shellharbour Rd, Lake Illawarra is a 4 bedroom, 2 bathroom Unit with 2 parking spaces. The property has a land size of 601m2 and floor size of 94m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 4 bedroom Unit sold in Lake Illawarra in the last 12 months.
Last Listing description (October 2024)
Perfect for that astute investor lies this great addition to any investment portfolio. On the market for the first time in 26 years and in the same family since they were built, the property at 6 Shellharbour Rd, Lake Illawarra is ready for its new owners to take advantage of this unique property in a fantastic location.
Some of the features of this home:
- Two x two bedroom units, each rented individually, maximizing rental return
- Each unit having its own fenced rear yard with a single open garage/parking space
- Separate kitchen with combined dining/living rooms
- Two long term tenants in place, both on expired leases, but both wanting to stay on and sign longer leases should the opportunity arise
- Potential rental return of $750-$800 per week combined
- 500m to the edge of Lake Illawarra and a short 10min walk to Warilla Beach
Investment opportunities in this location don't come up often, so be quick to contact Klayten Searl on 0408 868 547 or the team at Ellem&Co Real Estate on 02 4225 3443 for all your enquiries.
Property History for 6 Shellharbour Rd, Lake Illawarra, NSW 2528
- 08 Aug 2024Sold for $767,000
- 24 Jun 2024Listed for Sale $725,000-$765,000
- 03 Jul 1998Sold for $120,000
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0About 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.
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