38 Barnes St, Warilla is a 5 bedroom, 2 bathroom House with 1 parking spaces and was built in 1960. The property has a land size of 872m2 and floor size of 88m2. While the property is not currently for sale or for rent, it was last sold in July 2026. There are other 5 bedroom House sold in Warilla in the last 12 months.
An exceptional opportunity to secure two income-producing residences on one title, this versatile property offers immediate returns with outstanding flexibility for investors, extended families or those seeking to live in one home while generating additional rental income.
Positioned on a generous block in a convenient Warilla location, the property comprises a well-maintained three-bedroom home at the front, currently leased, along with a separately positioned two-bedroom granny flat at the rear. Privately accessed via a remote-controlled gate, the granny flat enjoys its own sense of space and independence, complete with a large carport and a substantial shed. Both residences are equipped with air conditioning for year-round comfort, while solar panels help reduce ongoing energy costs, adding further appeal for both owner-occupiers and investors.
Offering dual income potential in a high-demand rental location, this is a rare opportunity to secure a property that combines strong returns with long-term versatility.
Property Features
- Three-bedroom home at the front of the property
- Front residence currently leased, providing immediate rental income
- Separate two-bedroom granny flat at the rear
- Air conditioning to both the house and granny flat
- Solar panel system to help reduce electricity costs
- Private remote-controlled gate access to the granny flat
- Large carport servicing the granny flat
- Good-sized shed offering additional storage or workshop space
- Two independent dwellings on one title
- Ideal for investors, multi-generational families or owner-occupiers seeking additional income
Lifestyle Location
- Minutes to Warilla Beach and Lake Illawarra foreshore
- Close to local schools, parks and sporting facilities
- Short drive to Warilla Grove Shopping Centre
- Easy access to cafs, restaurants and everyday amenities
- Conveniently located near Shellharbour City Centre, Shellharbour Hospital and public transport
- Approximately 90 minutes to Sydney via the M1 Motorway
Whether you're looking to expand your investment portfolio or secure a flexible property with multiple income streams, this dual-occupancy opportunity offers immediate returns, modern conveniences and outstanding long-term potential in a sought-after coastal location.
The size of Warilla is approximately 2.6 square kilometres. There are 19 parks, covering nearly 10.9% of the total area. The population of Warilla in 2016 was 6449 people. By 2021 the population was 6226 showing a population decline of 3.5% in the area during that time. The predominant age group in Warilla is 50-59 years. Households in Warilla are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Warilla work in a community and personal service occupation.In 2021, 56.00% of the homes in Warilla were owner-occupied compared with 54.80% in 2016.
Warilla has 2,953 properties. Over the last 5 years, Houses in Warilla have seen a 46.61% increase in median value, while Units have seen a 18.10% increase. As at 30 June 2026:
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