1/2b Illawong Ave, Tamarama is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1940. The property has a land size of 545m2 and floor size of 97m2.
Walk to Tamarama Beach from this impressive 2-storey duplex offering an exciting opportunity to acquire 2 ultra spacious renovated apartments in a blue-ribbon beachside location. Certain to appeal to a wide range of buyers, the duplex is an ideal investment, a perfect home and income, or it could become one large family home.
Standing on a level corner block with frontages to Illawong Avenue and Farrellys Avenue, the building has one apartment at ground level and one apartment on the first floor. With identical floorplans, both apartments have a central entry hall, 2 bedrooms, bathroom, study, large living room and separate dining area adjacent to a renovated Caesarstone gas kitchen with dishwasher.
Well presented and filled with natural light, the apartments have high ceilings, polished timber floor, wide sash windows and easy access to a laundry adjacent to the single lock-up garage and an off-street parking space. Ideally positioned between Bondi and Bronte, the property is close to shops, cafes, restaurants and the coastal walk.
The size of Tamarama is approximately 0.3 square kilometres. It has 3 parks covering nearly 28.5% of total area. The population of Tamarama in 2016 was 1622 people. By 2021 the population was 1478 showing a population decline of 8.9% in the area during that time. The predominant age group in Tamarama is 30-39 years. Households in Tamarama are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Tamarama work in a professional occupation.In 2021, 53.00% of the homes in Tamarama were owner-occupied compared with 50.50% in 2016.
Tamarama has 965 properties. Over the last 5 years, Houses in Tamarama have seen a 50.46% increase in median value, while Units have seen a 46.26% increase. As at 30 November 2025:
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