5 King StreetLake Illawarra NSW 2528
Property Details for 5 King St, Lake Illawarra
5 King St, Lake Illawarra is a 3 bedroom, 1 bathroom House with 3 parking spaces. The property has a land size of 569m2. While the property is not currently for sale or for rent, it was last sold in July 2026. There are other 3 bedroom House sold in Lake Illawarra in the last 12 months.
Last Listing description (July 2026)
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.
Property History for 5 King St, Lake Illawarra, NSW 2528
- 17 Jul 2026Sold for $780,000
- 11 Jun 2026Listed for Sale $780,000
Recent sales nearby
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0About Lake Illawarra 2528
The size of Lake Illawarra is approximately 2.1 square kilometres. There are 11 parks, covering nearly 24.0% of the total area. The population of Lake Illawarra in 2016 was 3163 people. By 2021 the population was 3288 showing a population growth of 4.0% in the area during that time. The predominant age group in Lake Illawarra is 60-69 years. Households in Lake Illawarra are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lake Illawarra work in a trades occupation.In 2021, 47.60% of the homes in Lake Illawarra were owner-occupied compared with 46.80% in 2016.
Lake Illawarra has 2,058 properties. Over the last 5 years, Houses in Lake Illawarra have seen a 27.18% increase in median value, while Units have seen a 27.64% increase. As at 31 August 2026:
- The median value for Houses in Lake Illawarra is $930,995 while the median value for Units is $712,464.
- Houses have a median rent of $660 while Units have a median rent of $580.
Suburb Insights for Lake Illawarra 2528
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