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50 Lake Ave, Cringila, NSW 2502

$949,000

House

Type

Bedrooms

Bathrooms

Parkings

752 m²

Area

Last updated on Monday, July 06, 2026 ( See property details for 50 Lake Ave, Cringila, NSW 2502)

$949,000

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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 six-bedroom family home with stunning skyline views, spacious low-maintenance backyard, and excellent potential for passive income or future redevelopment in central Cringila.

🏡 Property Highlights

Versatile six-bedroom layout with private access to each level
Outstanding skyline views of steelworks from the top of the block
Large, low-maintenance terraced backyard with expansive entertaining areas
Potential for passive income or redevelopment (STCA)
Excellent location with shops, transport, schools, parks, and beaches nearby
Separate living spaces including two kitchens and multiple bedrooms

✨ Key Features

Built-in Robes
Outdoor Area
Open-Plan Living
Waterfront / Views
Garage
Outdoor Area / Balcony
Ceiling Fans
Extra Storage (Shed/Linen)
Internal Laundry
Pet-Friendly

Suburb and Property Insights of Cringila, NSW 2502

Cringila offers a vibrant community with convenient access to shops, transport links, and local amenities. The area boasts beautiful parks, beaches, and recreational facilities, making it ideal for families and investors seeking a central location with outstanding long-term growth potential. Residents enjoy a relaxed lifestyle with easy access to Wollongong CBD and scenic coastal attractions.

Frequently Asked Questions

What is the current condition of the property and are there any renovation needs?

The property is well-maintained with potential for renovation and value-adding improvements, offering scope for modern updates or redevelopment (STCA).

What are the zoning and planning restrictions for redevelopment or extensions?

Rebuild or extension options are subject to council approval (STCA); it is recommended to seek independent planning advice for specific development plans.

Are there any known issues with the property such as structural defects or pests?

There are no publicly reported issues; a professional building inspection is advised prior to purchase.

What are the ongoing costs associated with the property, including council rates and maintenance?

Ongoing costs include council rates, utilities, and maintenance; specific figures can be obtained from local council or the current owner.

Is the property suitable for rental income, and what is the rental yield potential?

The property has strong rental potential as-is, with scope to increase income through renovations or reconfiguration, making it attractive for investors.

What to ask about this property to agent?

Are there any easements, covenants, or zoning restrictions that could affect future development or use? Has the property been affected by flooding, bushfire risks, or other environmental hazards? Are there any outstanding council or utility bills, or compliance issues? What are the planning restrictions or overlays that might impact renovation or subdivision? Are there any upcoming developments or construction projects nearby that could affect the property’s value or lifestyle?

50 Lake Ave, Cringila, NSW 2502 - More Details

$949,000

In a central Cringila setting with shops and transport links on the doorstep and local schools, parks and beaches only minutes away, this versatile property offers a terrific opportunity for passive income on one or two streams. Featuring up to six bedrooms, private access to each level, a huge yet low-maintenance backyard with striking views and outstanding long-term potential, it's sure to impress the astute buyer.

– Ultra-convenient setting with amazing skyline views to steelworks from top of block
– Readymade investment, or quality elevated site for a dream home rebuild (STCA)
– Three-bedroom upper main level providing separate lounge and dining rooms
– Neat kitchen, slow-combustion fireplace plus ceiling fans, access to undercover area
– Large low-maintenance terraced backyard with expansive entertaining spaces
– Great sunny garden complete with two avocado trees, banana trees and olive tree
– Versatile lower level boasting up to three bedrooms and a second eat-in kitchen
– One laundry and bathroom per floor, outdoor toilets, multiple tool and potting sheds
– Single lock-up garage with mezzanine storage, additional off-street parking
– Strong rental potential as is, with superb scope available to renovate and add value
– Wollongong CBD transport at the door, approx. 550m to Cringila Public School
– Stroll to cafes and takeaways, neighbourhood playground and mountain bike park
– 1.1km to station, 2.2km to Port Kembla Beach, 3.6km to Warrawong Plaza

More info and downloads at https://www.laurencemorgan.com.au

Disclaimer
All marketing material and advertising pertaining to this property including but not limited to images, floorplans, video, virtual tours, brochures, digital styling and furniture, drone and lifestyle images etc are for marketing and illustration purposes only and some may represent location, view or lifestyle photography. Some photographs feature nearby locations and amenities and are not part of the property and have been digitally styled/furnished to represent potential use of space. Whilst Laurence Morgan has made every effort to ensure the information supplied is truthful and correct, it may have been provided or sourced by third party individuals and suppliers and we cannot guarantee the accuracy of the information. If STCA or S.T.C.A is stated in advertising it is referring to "Subject to council approval" and we recommend seeking independent planning advice. Any displayed or advertised outgoings, estimates, land sizes, measurements, completion dates and distances are approximate only and may be subject to change without notice and Laurence Morgan gives no warranty to the accuracy of the information and takes no responsibility for any loss incurred from acting on the information provided. We strongly recommend all interested parties conduct their own due-diligence and research to ensure they are satisfied and fully informed in all respects prior to making an offer or proceeding to purchase the property.

Type: House
Bedrooms: 6
Bathrooms: 2
Parkings: 1
Area: 752 m²

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50 Lake Ave, Cringila, NSW 2502

$949,000

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