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5 King Street, Lake Illawarra, NSW 2528-Image

5 King Street, Lake Illawarra, NSW 2528

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House

Type

Bedrooms

Bathrooms

Parkings

569 m²

Area

Last updated on Saturday, July 18, 2026 ( See property details for 5 King Street, Lake Illawarra, NSW 2528)

$825,000

Matt Borg - Real Estate Agent - Matt Borg Real Estate

Matt Borg [email protected]

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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 spacious three-bedroom house on a large level block with excellent renovation potential in a sought-after location.

🏡 Property Highlights

Substantial 695sqm level block with spacious backyard
Ideal for renovation and adding value
Separate living and dining areas for flexible living
Air-conditioned living room for comfort
Detached garage/workshop for versatile use
Wide side access to the backyard for ease of vehicle movement

✨ Key Features

Garage
Outdoor Area
Built-in Robes
Open-Plan Living
Air Conditioning
Shed
Secure Parking
Waterfront / Views
Low-Maintenance Yard
Home Office / Study

Suburb and Property Insights of Lake Illawarra, NSW 2528

Lake Illawarra is a vibrant coastal suburb offering a relaxed lifestyle with beautiful waterfront views, excellent local amenities, and strong community spirit. Its convenient location provides easy access to beaches, parks, and transport links, making it ideal for families, investors, and first-home buyers alike. The area is known for its affordable housing options and potential for future growth, making it a highly desirable place to live and invest. With a mix of established homes and development opportunities, Lake Illawarra continues to attract those seeking a balanced lifestyle close to nature and urban conveniences.

Frequently Asked Questions

What is the condition of the property and what renovations are possible?

The property is in original condition, offering scope for renovation and value-adding to suit your preferences and needs.

Is there potential for future development or extensions?

Yes, the spacious 695sqm level block provides ample space for extensions, additions, or further development subject to council approval.

What are the nearby amenities and transport options?

Lake Illawarra offers excellent local amenities including shops, schools, parks, and transport links to Wollongong and beyond, making it convenient for daily living.

Are there any restrictions or zoning considerations for this property?

Zoning details and any restrictions can be confirmed with the local council; the property is suitable for renovation and potential future development.

What is the current market value and rental potential?

Market value varies; the property presents a strong investment opportunity with potential for rental income, especially after renovation.

What to ask about this property to agent?

Are there any existing planning or building approvals for renovations or extensions? Is there any history of flooding or bushfire risk in this area? Are there any easements, covenants, or zoning restrictions affecting the property? What are the ongoing council rates and any additional costs? Are there any planned developments or construction projects nearby that could impact the property? Has the property been inspected for structural issues or pests? Are there any hidden costs associated with the detached garage/workshop? Is the property compliant with current building codes and regulations? Are there any restrictions on future subdivision or development? What is the history of the property's maintenance and any recent repairs?

5 King Street, Lake Illawarra, NSW 2528 - More Details

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Looking for a home you can improve rather than pay someone else's renovation premium?

Set on a generous block in one of Lake Illawarra's most convenient pockets, this original three-bedroom home presents an outstanding opportunity for first-home buyers, renovators and investors to create value through renovation and cosmetic improvements.

Move in and update over time, undertake a complete transformation, or explore the property's future potential (STCA). Opportunities to secure an affordable home with this much upside are becoming increasingly difficult to find.

Why You'll Love It

✔ Affordable entry into the Lake Illawarra market

✔ Original condition offering genuine renovation upside

✔ Detached garage ideal for tradies, storage or workshop use

✔ Wide side access to the backyard

✔ Level block with plenty of room for future improvements (STCA)

✔ Minutes from schools, shopping, beaches and Lake Illawarra foreshore

✔ Potential to increase value through cosmetic upgrades

For further information or to arrange an inspection, contact Matt Borg today.

Type: House
Bedrooms: 3
Bathrooms: 1
Parkings: 3
Area: 569 m²

Map & nearby places — 5 King Street, Lake Illawarra, NSW 2528

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5 King Street, Lake Illawarra, NSW 2528

$825,000

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