SOLD
RECENT ADVICE
Sold on 02 Sep 2024 for $600,000

7/3 Commerce Drive
Lake Illawarra NSW 2528

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Land area: 114m2
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Property Details for 7/3 Commerce Dr, Lake Illawarra

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.

Building Type
Townhouse
Land Size
114m2
Local Government
Shellharbour
Lot/Plan
7/SP35137

Last Listing description (September 2024)

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.

Property History for 7/3 Commerce Dr, Lake Illawarra, NSW 2528

A timeline of how this property has performed in the market
Last Sold
$600,000
02 Sep 2024
Listed for Rent
$500/w
21 Jul 2022
  • 21 Aug 2024
    Sold for $600,000
  • 11 Aug 2024
    Listed for Sale $590,000 - $620,000
  • 20 Jun 2022
    Listed for Rent $500 / week
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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 7 properties listed for sale, and 11 properties listed for rent in Lake illawarra on OnTheHouse. According to CoreLogic's data, 94 properties were sold in the past 12 months in Lake illawarra.

Suburb Insights for Lake Illawarra 2528

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Contact agent
Michelle Mannex
Show contact details
Shellharbour Marina Real Estate Pty Ltd
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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.