80 Parkes St, Oak Flats is a 5 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 695m2. While the property is not currently for sale or for rent, it was last sold in February 2026. There are other 5 bedroom House sold in Oak Flats in the last 12 months.
A rare dual-income opportunity awaits at 80 Parkes Street, Oak Flats, now showcasing a fully renovated front residence alongside a modern two-bedroom granny flat, with a projected combined rental return of $1100 per week. Perfectly positioned just minutes from Lake Illawarra, quality schools, Oak Flats Village, the train station, and a short drive to Stockland Shellharbour and pristine beaches, this property offers the ultimate balance of lifestyle and investment.
Set on a generous 695sqm (approx.) parcel of land, the property presents exceptional versatility. Investors will appreciate the strong dual-income stream, while owner-occupiers may value the opportunity to run a home-based business, with the granny flat easily adaptable into a salon, office, or guest accommodation.
The property features:
• Renovated front home with three bedrooms, engineered timber flooring, spacious lounge, sleek modern kitchen, stylish new bathroom, alfresco entertaining and level yard
• Secondary dwelling offering two bedrooms, open-plan living, neat kitchen and bathroom, shed, carport, and private yard
• Excellent development potential (STCA)
• Only 350m to the foreshore of Lake Illawarra
With tenants already in place and happy to remain, this is a secure and high-performing asset in one of the Illawarra's most sought-after suburbs. Whether you're expanding your investment portfolio, securing a property for your super fund, or seeking dual-living flexibility, opportunities of this calibre are rare. Contact Amanda Bonnici 0457 088 911 for further details.
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 3,603 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:
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