7/3 Commerce Drive, Lake Illawarra, NSW 2528 | Property Value & History | OnTheHouse
OFF MARKET

7/3 Commerce Drive
Lake Illawarra NSW 2528

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 65m2
Land area: 1949m2
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Property Details for 7/3 Commerce Dr, Lake Illawarra

7/3 Commerce Dr, Lake Illawarra is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1989. The property has a land size of 1949m2 and floor size of 65m2. While the property is not currently for sale or for rent, it was last sold in August 2024.

Building Type
Unit
Year Built
1989
Floor Size
65m2
Land Size
1949m2
Local Government
Shellharbour
Lot/Plan
7/SP35137

Last Listing description (October 2024)

Experience effortless coastal living at 7/3 Commerce Drive, Lake Illawarra, located a mere 1 minute stroll to the beautiful Warilla Beach through the Tom Wyatt Park walkway or only one street away by car. This inviting two-bedroom unit boasts practicality and comfort, featuring bedrooms with built-in wardrobes, a combined living and dining area perfect for everyday relaxation, and a well-equipped kitchen including a dishwasher. This home is the perfect opportunity to enter the housing market for a first home buyer or a great investment opportunity.

Outside through glass sliding doors, a paved courtyard awaits, ideal for entertaining or enjoying barbecues with friends. Adding to its appeal, this home offers secure parking with an oversized single garage with remote control access, a kitchenette and rear access through a roller door which increases the entertaining area out to the back courtyard. The unit also includes an internal laundry with an additional toilet.

Lake Illawarra is a family friendly coastal suburb within an easy walk or drive to everything the region has to offer including; Warilla Grove Shopping Centre, bus stops, train stations, Stocklands Shopping Centre and movie precinct, Shellharbour Hospital, Shellharbour Village, Shellharbour Waterfront Marina and local schools. Wollongong is only a 20 minute drive away, 15 minutes to Kiama and 20 minutes to Jamberoo Action Park. The new Shellharbour Airport is nearby in Albion Park and only a 1 hour drive to the Southern suburbs of Sydney.

Property History for 7/3 Commerce Dr, Lake Illawarra, NSW 2528

A timeline of how this property has performed in the market
Last Sold
$600,000
21 Aug 2024
Listed for Rent
$500/w
21 Jul 2022
  • 21 Aug 2024
    Sold for $600,000
  • 11 Aug 2024
    Listed for Sale $590,000 - $620,000
  • 20 Jun 2022
    Listed for Rent $500 / week
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About 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 2,055 properties. Over the last 5 years, Houses in Lake Illawarra have seen a 35.98% increase in median value, while Units have seen a 27.42% increase. As at 31 July 2026:

  • The median value for Houses in Lake Illawarra is $967,845 while the median value for Units is $696,089.
  • Houses have a median rent of $650 while Units have a median rent of $580.
There are currently 19 properties listed for sale, and 5 properties listed for rent in Lake illawarra on OnTheHouse. According to Cotality's data, 80 properties were sold in the past 12 months in Lake illawarra.

Suburb Insights for Lake Illawarra 2528

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.