For Sale

8 Osborne Parade, Lake Illawarra, NSW 2528

Guide $2,500,000

Unit

Type

Bedrooms

Bathrooms

Parkings

592 m²

Area

Published on Thursday, September 10, 2026 ( See property details for 8 Osborne Parade, Lake Illawarra, NSW 2528)

Guide $2,500,000

Petreace Bush Director, Sales & Leasing

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Richard Cooper Sales Executive

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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.

Exceptional coastal investment opportunity featuring four renovated units on a level 592m² block opposite Warilla Beach with strong rental income and future growth potential.

🏡 Property Highlights

Prime coastal location opposite Warilla Beach and Lake Illawarra foreshore
Four fully renovated units on a single title with strong rental history
Impressive gross rental return of $108,680 per annum
Level 592m² block with versatile multi-dwelling configuration
Immediate appeal with minimal ongoing maintenance
Close to cafes, surf club, cycleways, and public transport

✨ Key Features

Garage
Outdoor Area
Built-in Robes
Open-Plan Living
Waterfront / Views
Fully fenced
Security Screens / Gates
Pet-Friendly
Balcony
Internal Laundry

Suburb and Property Insights of Lake Illawarra, NSW 2528

Lake Illawarra is a vibrant coastal suburb renowned for its stunning waterfront, outdoor lifestyle, and strong community vibe. It offers excellent amenities including cafes, surf clubs, cycleways, and public transport, making it ideal for both residents and investors. The area is experiencing rapid growth, with increasing demand for quality rental properties and future development potential. Its proximity to natural attractions and lifestyle facilities ensures sustained appeal for tenants and homeowners alike.

Frequently Asked Questions

What is the current rental income and vacancy rate for these units?

The property has a solid rental history with an impressive gross rental return of $108,680 per annum, indicating strong demand and low vacancy rates.

Are there any planning or development restrictions on the property?

The property is on a single title with four units, and any future development or modifications should comply with local council zoning and planning regulations. It is advisable to consult with the local council for specific restrictions.

What are the ongoing maintenance costs for the fully renovated units?

The fully renovated units are designed for minimal ongoing maintenance, but typical costs include routine repairs, council rates, and insurance. A detailed budget can be provided upon request.

Is the property suitable for short-term holiday rentals or Airbnb?

Given its prime beachfront location and high rental income, the property could be suitable for short-term holiday rentals, subject to local council regulations and strata or community title rules if applicable.

What are the nearby amenities and transport options?

The property is conveniently located opposite Warilla Surf Club, with cafes, cycleways, public transport, the beach, and Lake Illawarra all within close proximity, offering excellent lifestyle convenience.

What to ask about this property to agent?

Are there any existing easements, covenants, or zoning restrictions that could affect future use or development of the property? Has a recent pest and building inspection been conducted, and are there any known defects or issues? Are there any upcoming council or community projects in the area that could impact the property’s value or environment? What are the strata or community title fees, if applicable, and what do they cover? Is there any history of flooding or bushfire risk in this coastal area? Are there any restrictions on short-term rentals or holiday letting in this location? What are the total costs involved in purchasing, including stamp duty, legal fees, and any other charges? Are there any planned infrastructure developments or upgrades in the vicinity that could affect the property? Is the property compliant with all current building codes and safety standards? Are there any existing or pending disputes with neighbours or local authorities related to the property?

8 Osborne Parade, Lake Illawarra, NSW 2528 - More Details

Guide $2,500,000

Unlock an exceptional coastal investment opportunity directly opposite the golden sands of Warilla Beach and just footsteps from the picturesque Lake Illawarra foreshore. Positioned in one of the South Coast's most sought-after and rapidly growing locations, 8 Osborne Parade offers a rare combination of strong rental income, flexibility and future potential.

Set on a level 592m² block, the property comprises four units on one title, including a three-bedroom unit with garage and parking, a two-bedroom unit with parking, and two one-bedroom units with dedicated car spaces. Three of the four residences have been fully renovated, providing immediate appeal and minimal ongoing maintenance.

With a solid rental history and an impressive gross rental return of $108,680 per annum, this is an outstanding opportunity for investors seeking reliable income in a premium beachside location. With Warilla Surf Club and local cafes directly opposite, along with the beach, lake, cycleways and public transport all close by, the lifestyle appeal is equally impressive.

Opportunities to secure an entire multi-dwelling block in such a tightly held coastal position are exceptionally rare.

For further details please contact Richard Cooper on 0404 388 688 or [email protected]

Type: Unit
Bedrooms: 7
Bathrooms: 4
Parkings: 5
Area: 592 m²

Map & nearby places — 8 Osborne Parade, Lake Illawarra, NSW 2528

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8 Osborne Parade, Lake Illawarra, NSW 2528

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