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All Residential Real Estate - Wollongong

86 Deakin Street, Oak Flats, NSW 2529

$950,000 to $1,040,000

Block Of Units

Type

Bedrooms

Bathrooms

Parkings

Published on Tuesday, August 18, 2026 ( See property details for 86 Deakin Street, Oak Flats, NSW 2529)

$950,000 to $1,040,000

Perry Beebe Licensed Real Estate Agent

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

An exceptional dual-occupancy property on a large block with development potential and strong rental income in Oak Flats.

🏡 Property Highlights

Substantial 822-sqm block with over 18 metres frontage
Potential scenic Lake Illawarra views (STCA)
Dual-occupancy with two self-contained units
Fully tenanted with a combined rental income of $860 per week
Excellent future development potential (STCA)
Prime location near Stockland Shellharbour Shopping Centre, cinemas, schools, and transport

✨ Key Features

Open-Plan Living
Waterfront / Views
Built-in Robes
Fully fenced
Water tank
Open-Plan Living
Security Screens / Gates
Fly Screens
NBN / High-Speed Ready
Pet-Friendly

Suburb and Property Insights of Oak Flats, NSW 2529

Oak Flats is a vibrant suburb offering excellent amenities, including shopping centres, cinemas, schools, and sporting facilities. Its strategic location provides easy access to public transport and scenic views of Lake Illawarra. The area is ideal for investors and families seeking a community-oriented lifestyle with future growth prospects. With a mix of established homes and development sites, Oak Flats continues to attract those looking for both investment and lifestyle opportunities.

Frequently Asked Questions

What is the current condition of the property and its units?

The property comprises two self-contained, fully tenanted units with open-plan layouts and comfortable living areas, maintained in good condition.

What are the future development possibilities for this site?

The large 822sqm block with over 18 metres frontage offers potential for redevelopment or subdivision, subject to council approval (STCA).

Are there any restrictions or approvals needed for future development?

Yes, any redevelopment or subdivision plans would require approval from the local council and must comply with zoning regulations.

What is the rental yield and current income?

The property currently generates a combined rental income of $860 per week, with potential for a 10% increase in 2027.

Are there any known zoning or planning restrictions?

Zoning details are subject to local council regulations; prospective buyers should verify with the council regarding development and land use restrictions.

What to ask about this property to agent?

Are there any existing planning or building approvals for future redevelopment or subdivision? Are there any easements, covenants, or zoning restrictions affecting the property? What are the potential costs associated with future development or subdivision? Are there any known issues with the property's structure or services? Is there any history of flooding or bushfire risk in this area? Are there any upcoming council or community plans that could impact the property or its value? What are the strata or body corporate arrangements, if applicable? Are there any nearby construction projects or developments that could affect the property? What are the long-term growth prospects for Oak Flats? Are there any additional costs or fees associated with the property, such as strata fees or levies?

86 Deakin Street, Oak Flats, NSW 2529 - More Details

$950,000 to $1,040,000

Positioned on a substantial 822-sqm block with a wide frontage of over 18 metres, this is an outstanding opportunity for astute investors and developers. Offering potential scenic Lake Illawarra views and excellent future development potential (subject to council approval), the property comprises two self-contained two-bedroom units.

Situated just moments from Stockland Shellharbour Shopping Centre, cinemas, local public schools, sporting fields, and transport links, it is currently fully tenanted. The combined rental return of $860 per week. There is potential for a 10% increase at the beginning of 2027

Whether you choose to hold as a high-yielding investment or unlock its land value through future redevelopment (STCA), this property represents an incredible opportunity in Oak Flats.

Property Features
* Substantial 822-sqm block with an impressive frontage of over 18 metres
* Excellent future development potential with potential Lake Illawarra views (STCA)
* Dual-occupancy property featuring two self-contained, two-bedroom units
* Fully tenanted with a combined rental return of $860 per week
* Comfortable carpeted lounge and dining areas with open-plan layouts
* Outstanding location close to Stockland Shellharbour Shopping Centre, cinemas, public schools, sporting fields, and public transport

Approximate Figures
* Council Rates: $846 per quarter
* Water Rates: $202 per quarter plus usage
* Current Rent: $860 total combined rent per week

All Residential has made every effort to ensure the accuracy and thoroughness of the information provided in our marketing material, we do not guarantee the accuracy of the information provided by our vendors. Regarding the accuracy of the information provided, All Residential makes no statement, representation or warranty and assumes no legal liability to its accuracy. Interested parties should conduct their own due diligence. All marketing material, including but not limited to, maps, photographs, images, and other visuals are solely for marketing purposes.

Type: Block Of Units
Bedrooms: 4
Bathrooms: 2
Parkings: 2

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86 Deakin Street, Oak Flats, NSW 2529

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