86 Deakin St, Oak Flats is a 4 bedroom, 2 bathroom BlockOfUnits with 2 parking spaces. While the property is not currently for sale or for rent, it was last sold in September 2026. There are other 4 bedroom BlockOfUnits sold in Oak Flats in the last 12 months.
Positioned on a substantial 822-sqm block with a wide frontage of over 18 metres, this is an outstanding opportunity for astute investors and developers. Offering potential scenic Lake Illawarra views and excellent future development potential (subject to council approval), the property comprises two self-contained two-bedroom units.
Situated just moments from Stockland Shellharbour Shopping Centre, cinemas, local public schools, sporting fields, and transport links, it is currently fully tenanted. The combined rental return of $860 per week. There is potential for a 10% increase at the beginning of 2027
Whether you choose to hold as a high-yielding investment or unlock its land value through future redevelopment (STCA), this property represents an incredible opportunity in Oak Flats.
Property Features
* Substantial 822-sqm block with an impressive frontage of over 18 metres
* Excellent future development potential with potential Lake Illawarra views (STCA)
* Dual-occupancy property featuring two self-contained, two-bedroom units
* Fully tenanted with a combined rental return of $860 per week
* Comfortable carpeted lounge and dining areas with open-plan layouts
* Outstanding location close to Stockland Shellharbour Shopping Centre, cinemas, public schools, sporting fields, and public transport
Approximate Figures
* Council Rates: $846 per quarter
* Water Rates: $202 per quarter plus usage - unit not separately metered
* Current Rent: $860 total combined rent per week
* Potential Rent $960 per week based on $480 for each unit
* The tenants organise their own electricity accounts
All Residential has made every effort to ensure the accuracy and thoroughness of the information provided in our marketing material, we do not guarantee the accuracy of the information provided by our vendors. Regarding the accuracy of the information provided, All Residential makes no statement, representation or warranty and assumes no legal liability to its accuracy. Interested parties should conduct their own due diligence. All marketing material, including but not limited to, maps, photographs, images, and other visuals are solely for marketing purposes.
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 3,620 properties. Over the last 5 years, Houses in Oak Flats have seen a 28.37% increase in median value, while Units have seen a 37.58% increase. As at 31 August 2026:
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