Lake Heights Water View Home with Studio, Pool & Future Potential

For Sale

House

Type

Bedrooms

Bathrooms

Parkings

Published on Monday, October 19, 2026 ( See property details for 282 Flagstaff Road, Lake Heights, NSW 2502)

$980,000 to $1,020,000

David Camilleri 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.

A versatile family home with stunning water views, a private studio, and excellent future development potential in Lake Heights.

🏡 Property Highlights

Stunning Lake Illawarra views from elevated position
Self-contained studio ideal for guests or income potential
Large swimming pool perfect for outdoor entertainment
Potential for future expansion with scenic water vistas
Versatile outdoor rumpus room with bar and wraparound deck
Prime location close to schools, parks, cafes, and beaches

✨ Key Features

Swimming Pool
Garage
Outdoor Area
Built-in Robes
Waterfront / Views
Workshop
Open-Plan Living
Outdoor Area / Balcony
Security Screens / Gates
Garden / courtyard

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282 Flagstaff Road

Lake Heights, NSW 2502

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Suburb and Property Insights of Lake Heights, NSW 2502

Lake Heights offers a peaceful community environment with scenic water views, convenient access to local amenities, parks, and beaches. The area is ideal for families and investors alike, boasting a relaxed lifestyle, excellent schools, and proximity to Wollongong CBD. Its elevated position provides stunning vistas and future development opportunities, making it a highly desirable location for both living and investment.

Frequently Asked Questions

What are the potential future development options for this property?

The property’s elevated position and scenic outlook provide scope for a second-storey extension or full rebuild (STCA), potentially capturing magnificent water vistas.

Is the studio suitable for rental income or guest accommodation?

Yes, the private studio with bedroom, bathroom, lounge, and kitchenette offers excellent potential for passive income or guest accommodation.

What outdoor features are included for entertaining and leisure?

The property features a large swimming pool, outdoor rumpus room with bar, wraparound deck, and undercover entertaining area, ideal for outdoor gatherings.

Are there any additional storage options on the property?

Yes, there is extensive under-house storage, a garden shed, and a workshop for hobbies or additional storage needs.

How close is the property to local amenities and beaches?

The property is just a few minutes from local schools, parks, cafes, Berkeley shops, Warrawong Plaza, Port Kembla Beach, and Wollongong CBD.

What to ask about this property to agent?

Are there any zoning restrictions or easements affecting future development or extensions? Has the property been inspected for any structural issues or water damage, especially given its elevated position? Are there any planned developments or construction projects nearby that could impact views or privacy? What are the council rates and any additional costs associated with maintaining the pool and outdoor areas? Is the property compliant with all local building codes and regulations for the existing structures and potential extensions?

282 Flagstaff Road, Lake Heights, NSW 2502 - More Details

$980,000 to $1,020,000

282 Flagstaff Road, Lake Heights

ICONS: 3 BED, 3 BATH, 2 CAR

First Class Real Estate Shellharbour Village is proud to present this highly versatile and wholly unique property, occupying a rear-elevated 596sqm parcel complete with Lake Illawarra views and exciting future potential.

Welcome to 282 Flagstaff Road, Lake Heights.
Ripe for transforming into a cosy and comfortable home, the cottage-style main residence boasts no shortage of inspiration –‌ from the timber floorboards, plantation shutters and built-in wardrobes throughout, to the scenic escarpment outlooks from the rear-facing rooms. Perched on the block’s highest point, the home could one day capture magnificent water vistas with a second storey extension or full rebuild (STCA).
But wait –‌ there’s so much more to discover. In the backyard beyond, you’ll find a private studio complete with bedroom, bathroom, lounge and kitchenette; an outdoor rumpus room with bar and wraparound deck; a large swimming pool and extensive workshop and storage space under the house. Options abound for the buyer seeking dedicated creative or hobby space, a home gym or kids’ playroom, or even a potential passive income stream.
Enjoying peaceful positioning just a few minutes from local schools, parks and cafes, Berkeley shops and Warrawong Plaza and a short drive from Port Kembla Beach and Wollongong CBD, this one-of-a-kind property makes an outstanding first home or project with superb value on offer and tremendous scope to capitalise.
Call David Camilleri @ First Class Real Estate Shellharbour Village to book your viewing. (Note: inspections by appointment) PH 0437599002

General Features
● Property Type: House
● Bedrooms: 3
● Bathrooms: 3
● Size:

Indoor Features
● Family Lounge
● Eat-In Kitchen
● Dishwasher
● Built-In Wardrobes
● High Ceilings
● Timber Floorboards
● Plantation Shutters
● Escarpment Views

Outdoor Features
● Self-Contained Studio
● Rumpus With Bar
● Undercover Entertaining
● Swimming Pool
● Garden Shed
● Workshop
● Under-House Storage
● Double Garage
● Water Views
Kind Regard From David Camilleri at First Class Real Estate
Please call me on 0437599002 if need be Thank

Type: House
Bedrooms: 4
Bathrooms: 2
Parkings: 4

Map & nearby places — 282 Flagstaff Road, Lake Heights, NSW 2502

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School catchments

Government school zones this property is inside, from the outlines we hold. A zone can change, and being in a zone is not a guarantee of a place, so check with the school or the education department.

We do not hold a school zone outline for this address. That does not mean it has no zoned school: use the education department’s school finder to check.

Other schools nearby

Schools within about 5 km that have no enrolment zone, such as Catholic, independent, special and selective schools.

St Pius X Catholic Primary School Catholic primary school, K-6, co-ed

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282 Flagstaff Road, Lake Heights, NSW 2502

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