7/3 Commerce Dr, Lake Illawarra is a 2 bedroom, 1 bathroom Townhouse with 1 parking spaces. The property has a land size of 114m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 2 bedroom Townhouse sold in Lake Illawarra in the last 12 months.
Experience effortless coastal living at 7/3 Commerce Drive, Lake Illawarra, located a mere 1 minute stroll to the beautiful Warilla Beach through the Tom Wyatt Park walkway or only one street away by car. This inviting two-bedroom unit boasts practicality and comfort, featuring bedrooms with built-in wardrobes, a combined living and dining area perfect for everyday relaxation, and a well-equipped kitchen including a dishwasher. This home is the perfect opportunity to enter the housing market for a first home buyer or a great investment opportunity.
Outside through glass sliding doors, a paved courtyard awaits, ideal for entertaining or enjoying barbecues with friends. Adding to its appeal, this home offers secure parking with an oversized single garage with remote control access, a kitchenette and rear access through a roller door which increases the entertaining area out to the back courtyard. The unit also includes an internal laundry with an additional toilet.
Lake Illawarra is a family friendly coastal suburb within an easy walk or drive to everything the region has to offer including; Warilla Grove Shopping Centre, bus stops, train stations, Stocklands Shopping Centre and movie precinct, Shellharbour Hospital, Shellharbour Village, Shellharbour Waterfront Marina and local schools. Wollongong is only a 20 minute drive away, 15 minutes to Kiama and 20 minutes to Jamberoo Action Park. The new Shellharbour Airport is nearby in Albion Park and only a 1 hour drive to the Southern suburbs of Sydney.
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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