16 Walbon Cres, Koonawarra is a 3 bedroom, 1 bathroom House with 3 parking spaces. The property has a land size of 684m2. While the property is not currently for sale or for rent, it was last sold in February 2026. There are other 3 bedroom House sold in Koonawarra in the last 12 months.
Tucked away, private and packed with potential
Privately positioned in an elevated setting, this much-loved family home is a true surprise package, offering character, comfort and exciting scope to add serious value. Perfectly liveable as it is, with original kitchen and bathroom, this is an ideal opportunity for young families or renovators looking to make their own mark over time.
Set back from the street and surrounded by established gardens, the home instantly feels like a peaceful retreat from the day-to-day hustle, while still having effortless proximity to schools, shops, childcare, public transport and the Lake Illawarra foreshore.
Inside you will find adaptable living spaces, a flexible floorplan and beautiful outlooks that stretch across Lake Illawarra to the Illawarra Escarpment – views you'll never tire of. Whether you're entertaining, relaxing with family or planning future updates, the potential here is undeniable.
This is a home where memories are made – summer BBQs on the balcony, kids playing safely in the yard, afternoons spent tinkering in the workshop and quiet evenings enjoying the view with a drink in hand.
Comfortable, welcoming and full of promise, this is a rare opportunity to secure a solid family home with so much potential in a tightly held location. Move straight in, enjoy the lifestyle and renovate at your own pace to create something truly special. An absolute must for your shortlist.
- Three bedrooms, two with built in wardrobes
- Original sun-filled kitchen with stainless steel appliances and lake views, ready to enjoy now or transform later
- Two flexible living areas to adapt to family life
- Lounge room with reverse cycle air conditioning and convenient access to the laundry area/second toilet
- Open plan second living area ideal for families
- Original bathroom with shower over bath, toilet and single vanity
- Large elevated decked balcony with power, lighting and gas – perfect for entertaining while soaking in the breathtaking views
- Private front and rear yards with manicured gardens and fruit trees, plus plenty of space for kids and pets
- Large garage/workshop with power and lighting, and extensive under house storage – ideal for tradies, hobbyists or weekend projects
- Off street parking for a caravan, boat or additional vehicles
The below rates are provided as a guide:
Council rates $485.93pq approx.
Water rates $199.68pq approx.
The size of Koonawarra is approximately 2.2 square kilometres. There are 11 parks, covering nearly 26.9% of the total area. The population of Koonawarra in 2016 was 3667 people. By 2021 the population was 3732 showing a population growth of 1.8% in the area during that time. The predominant age group in Koonawarra is 20-29 years. Households in Koonawarra are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Koonawarra work in a community and personal service occupation.In 2021, 56.00% of the homes in Koonawarra were owner-occupied compared with 55.60% in 2016.
Koonawarra has 1,461 properties. Over the last 5 years, Houses in Koonawarra have seen a 46.24% increase in median value, while Units have seen a 33.53% increase. As at 30 April 2026:
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