OFF MARKET

3 Lake Entrance Road
Oak Flats NSW 2529

Bedrooms: 4
Bathrooms: 2
Car spaces: 1
Floor area: 125m2
Land area: 709m2
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Property Details for 3 Lake Entrance Rd, Oak Flats

3 Lake Entrance Rd, Oak Flats is a 4 bedroom, 2 bathroom House with 1 parking spaces and was built in 1978. The property has a land size of 709m2 and floor size of 125m2. While the property is not currently for sale or for rent, it was last sold in March 2016.

Building Type
House
Year Built
1978
Floor Size
125m2
Land Size
709m2
Local Government
Shellharbour
Lot/Plan
68/D/DP13638

Last Listing description (September 2023)

Opportunities galore, await the astute investor. Offering a prime position, nestled at the end of a quiet cul-de-sac, yet conveniently located just walking distance to the Oak Flats train station and soon to be coffee shop (under construction). The house itself is a well-built, brick 3 bedroom 1 bathroom home, with lots of potential. It has a large front living area, with timber floors, and exposed timber beams. Separate dining runs off the recently renovated kitchen which features Smeg Appliances. Internal laundry, and the other bedrooms are towards the rear of the home, which offers a second living /sunroom, and a rear deck. Large yard on the eastern side and a studio occupies the western side, separately fenced, perfect for a home business, teenagers retreat or man cave. Excellent opportunity for someone with a vision, and happy to put their own spin on things. Turn it into a dual occupancy, knock down and develop utilising the dual street frontages STCA, or keep the existing and renovated to your liking. Call Alex Cockcroft for more information on 0427 785 000. *Future potential rental earnings over $800 per week, (currently house is rented $460 per week, with potential to increase up to $530 at the end of the lease, studio was rented at $220 per week with potential to get to $300 per week.)

Property History for 3 Lake Entrance Rd, Oak Flats, NSW 2529

A timeline of how this property has performed in the market
Last Sold
$463,000
01 Mar 2016
Listed for Rent
$435/w
19 Dec 2019
  • 18 May 2023
    Listed for Sale $799,000 - $870,000
  • 08 Nov 2019
    Listed for Rent $435 / week
  • 28 Mar 2019
    Listed for Rent $435 / week
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About Oak Flats 2529

The size of Oak Flats is approximately 3.7 square kilometres. It has 17 parks covering nearly 11.9% of total area. The population of Oak Flats in 2011 was 6,310 people. By 2016 the population was 6,377 showing a population growth of 1.1% in the area during that time. The predominant age group in Oak Flats is 50-59 years. Households in Oak Flats are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Oak Flats work in a trades occupation. In 2011, 76.4% of the homes in Oak Flats were owner-occupied compared with 75.8% in 2016.

Oak Flats has 3,509 properties. Over the last 5 years, Houses in Oak Flats have seen a 64.33% increase in median value, while Units have seen a 51.86% increase. As at 31 October 2024:

  • The median value for Houses in Oak Flats is $940,513 while the median value for Units is $711,038.
  • Houses have a median rent of $630 while Units have a median rent of $620.
There are currently 14 properties listed for sale, and 12 properties listed for rent in Oak flats on OnTheHouse. According to CoreLogic's data, 175 properties were sold in the past 12 months in Oak flats.

Suburb Insights for Oak Flats 2529

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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.