51 Addison Avenue, Lake Illawarra NSW 2528

Offering a wide variety of opportunities, this quaint three-bedroom cottage covers all the bases. Ideally located within reach of the foreshores of the beautiful Lake Illawarra and Warilla Beach, this property boasts dimensions that will allow a multitude of options for the first home buyer, developer or knock-down rebuilder.

Currently configured with a three bedroom home with formal living, kitchen/dining room and potential plus! With the key attributes of this fantastic 695.5 sqm (approx.) parcel of land with a 15.24 m frontage and 45.835/45.825 m depth. More importantly, the property is zoned R3 medium Density Residential with a Floor Space Ratio of 0.7. Should you be looking for a site with these tremendous particulars and offering a gentle fall from the back of the block to the front for drainage and stormwater flow.

Ideal for the first home buyer looking to secure a great first home with the opportunity to be located in the sought-after coastal precinct of Lake Illawarra. Within close proximity to the waters of Lake Illawarra and with Warilla beach at the end of the street, this property will suit the first home buyer yearning for the ability to have access at hand for the morning surf, paddle board or fish. You will be in awe of the size of the backyard allowing you to have room for the future and the opportunity to expand as the family grows.

Alternatively, for those searching for the ideal knock-down rebuild site, look no further. With a huge parcel of land comes huge opportunity, with dimensions that will suit the construction of your dream coastal home, you will have room for the home befitting your family, plus space for the pool, yard for the kids to play, opportunity to park a boat, caravan or trailer. This incredible property boosts the three key P's for a knock-down rebuild - Proportions, Position and Price!

Amenities and convenience abound with this property located within a short stroll of Lake Illawarra Public School, Lake Illawarra High School, the Addison Avenue Shopping zone, Warilla Grove, public transport and much, much more...

You will kick yourself if you do not move quickly on this property, competition will be fierce and you cannot afford to miss this one.