57 Deakin StreetOak Flats NSW 2529
Property Details for 57 Deakin St, Oak Flats
57 Deakin St, Oak Flats is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 702m2 and floor size of 170m2. While the property is not currently for sale or for rent, it was last sold in April 2025.
Last Listing description (July 2025)
Brimming with potential and nestled in one of Oak Flats' most convenient and tightly held pockets, 57 Deakin Street presents an incredibly rare opportunity for homebuyers or savvy investors seeking space, flexibility, and location. Originally constructed as two separate villas, the property was reconfigured by a previous owner who cleverly removed the dividing wall to create one expansive single-level home. The result is a spacious, four-bedroom, two-bathroom residence with multiple living areas and endless potential.
Whether you're looking for a generous family home with room to grow or the possibility to restore the property back into two self-contained dwellings for dual rental income, the versatility here is second to none. Situated on a substantial 697m block, the property enjoys a level layout with easy access throughout, making it ideal for families, retirees, or investors looking to capitalise on Oak Flats' strong rental demand.
A conservative 3-metre-wide side access leads directly to the rear garage - perfect for tradies, extra vehicles, or anyone needing secure off-street parking. Inside, comfort is enhanced by a centrally positioned split-system air conditioner, servicing the heart of the home and ensuring year-round climate control.
Just a short stroll to the town centre, lakeside foreshore, train station, parks, and schools - this home places you in the heart of everything, while still offering a peaceful suburban lifestyle.
Key Features:
Flexible Floorplan: Originally two separate villas, now one spacious home - easily convertible back for dual occupancy or kept as one large family residence.
Two Living Areas: Ideal for families needing multiple zones for relaxing, entertaining, or working from home.
Four Bedrooms & Two Bathrooms: Well-proportioned rooms, all on one level - perfect for growing families or multigenerational living.
Garage, Carport & Side Access: Great for tradies or hobbyists, with a 3m side driveway to the rear garage and undercover parking.
Split-System Air Conditioning: Centrally located to service the main living areas for year-round comfort.
Generous 697m Block: Flat and fully usable - ideal for kids, pets, or potential future development (STCA).
Superb Location: Walk to Oak Flats' main street, schools, shops, transport and the stunning Lake Illawarra foreshore.
Rental Potential:
For the pontinal investor, the opportunity to reinstate the original dual-villa layout opens the door to strong rental returns. Based on the size and configuration, each self-contained unit could achieve an estimated rental income of $500 per week (subject to market conditions and final layout), offering a combined return of approximately $1000 per week. Even as a single dwelling, the current four-bedroom home holds excellent leasing appeal in this high-demand area, with rental potential around $750 per week (approx.).
Whether you're after a unique investment opportunity or a home that offers something a little different, this is the kind of property that rarely becomes available in such a prime location. Explore the possibilities and make it your own.
For further details or to book your inspection, contact Alex Cockcroft on 0427 785 000 today.
Property History for 57 Deakin St, Oak Flats, NSW 2529
- 24 Apr 2025Sold for $935,000
- 11 Apr 2025Listed for Sale $849,000 - $929,000
- 27 Jan 2021Sold
Recent sales nearby
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About Oak Flats 2529
The size of Oak Flats is approximately 3.7 square kilometres. There are 17 parks, covering nearly 11.9% of the total area. The population of Oak Flats in 2016 was 6415 people. By 2021 the population was 6840 showing a population growth of 6.6% in the area during that time. The predominant age group in Oak Flats is 60-69 years. Households in Oak Flats are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Oak Flats work in a trades occupation.In 2021, 73.70% of the homes in Oak Flats were owner-occupied compared with 75.80% in 2016.
Oak Flats has 3,605 properties. Over the last 5 years, Houses in Oak Flats have seen a 38.97% increase in median value, while Units have seen a 28.87% increase. As at 31 May 2026:
- The median value for Houses in Oak Flats is $1,031,942 while the median value for Units is $767,541.
- Houses have a median rent of $700 while Units have a median rent of $725.
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