57 Addison Ave, Lake Illawarra is a 2 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 696m2. While the property is not currently for sale or for rent, it was last sold in June 2016.
Another SOLD by Right Choice, make us your choice....Set on 701sqm of land this original cottage oozes opportunity plus. Nestled in beautiful Lake Illawarra, only metres from the lake shoreline, shops, schools and Beach. The neat home offers a choice of two sunrooms, two bedrooms plus a neat and tidy kitchen and bathroom. The huge yard is ideal for kids and large shed, workshop and garage, whilst the large block with R3 residential zoning lends itself to future redevelopment (subject to Council approval).
The Money Maker Awaits!
Re-Development Potential
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 2,062 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:
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