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Back 27 Addison Avenue
Off Market

27 Addison Avenue

Lake Illawarra NSW 2528

2
1
1
650 m²
House
Last sold for $1,000,000
Adrian NecovskiAdrian Necovski, last sold this property on 26 May 2026 after 74 days on market.

Overview

LAND, LOCATION AND OPPORTUNITY

Presented by Adrian Necovski and CJ Bell-Beasley of One Agency Elite Property Group. Positioned in a highly convenient pocket of Lake Illawarra, this property delivers a rare combination of immediate comfort and long-term upside. Set on a generous 650sqm R3 zoned parcel, it opens the door to a wide range of possibilities for homeowners, investors, or those looking to capitalise on future development potential (STCA). With no adjoining neighbour to one side and a clear rear boundary, the block offers exceptional accessibility that is becoming increasingly hard to find. The existing residence is well-presented and functional, offering a practical layout that makes everyday living easy. A welcoming front living area is enhanced by natural light and a gas point for heating, while the kitchen with electric cooking connects seamlessly to the dining space, creating a comfortable hub for daily life. Accommodation comprises two well-proportioned bedrooms, both featuring floorboards and an abundance of natural light. The bathroom is neatly appointed with a shower and vanity, complemented by the added convenience of a second toilet within the home. Step outside and the true value of this property becomes clear. The expansive backyard provides a blank canvas with endless potential, whether you are considering extending, reconfiguring, or creating an entirely new vision (STCA). The open layout of the land lends itself perfectly to the addition of a granny flat or second dwelling, offering flexibility for extended family living or the opportunity to enhance your return. Key Features Generous 650sqm R3 zoned block with strong development potential (STCA) No neighbouring property on one side, allowing excellent site access Ideal for granny flat or dual occupancy potential (STCA) Well-maintained two-bedroom home with functional layout Light-filled living area with gas point for heating Practical kitchen with electric cooking flowing into dining space Expansive grassed backyard offering scope for extension or pool (STCA) Garage with additional workshop or storage space Approximately 800m to Warilla Grove Shopping Centre and eligible for Low and Mid-Rise Housing Policy Less than 400m to the shores of Lake Illawarra, moments to Reddall Reserve and lakeside amenities

Features

2 bedrooms
1 bathroom
1 carspace
1 garage space
650 m² lot size
House

Estimated Value

Based on this property and similar 2 bedroom houses sold in Lake Illawarra over the last 12 months, the estimated median property value of 27 Addison Avenue is $1m.

Median value
$1m
Estimated value range
$815k - $1.06m
Median days on market
17
Estimated value trend
22%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Lake Illawarra. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 27 Addison Avenue

2026
Sold
$1,000,000
Private Sale/Treaty on 26 May 2026 by Adrian Necovski, of One Agency Elite Property Group Shoalhaven

Happy sellers in Lake Illawarra

90%
90% of sellers in Lake Illawarra reported that their sale price either exceeded or met their price expectations.

Lake Illawarra stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 6 reviews in Lake Illawarra over the last 12 months.

Local market activity for 2 bedroom houses in Lake Illawarra

In the last 12 months, 3 two-bedroom houses similar to 27 Addison Avenue, have been sold.

This represents a 100% decrease in two-bedroom houses sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Lake Illawarra

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Adam D’Amato

Adam D’Amato is a recommended agent for Lake Illawarra.  They have collected 3 local reviews across the last 12 months.

  •   4.8   (31 reviews)
  •  3 Reviews in Lake Illawarra
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Cliff McGrath

Cliff McGrath is an award winning recommended agent for Lake Illawarra.  They have 1 local sale and collected 1 local review across the last 12 months.

  •   4.9   (127 reviews)
  •  1 Review in Lake Illawarra
  •  1 Sale in Lake Illawarra
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Manuel Serrano

Manuel Serrano is a recommended agent for Lake Illawarra.  They have 1 local sale and collected 1 local review across the last 12 months.

  •   5   (164 reviews)
  •  1 Review in Lake Illawarra
  •  1 Sale in Lake Illawarra
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Scott D'Ombrain

Scott D'Ombrain is a recommended agent for Lake Illawarra.  They have 1 local sale and collected 1 local review across the last 12 months.

  •   5   (42 reviews)
  •  1 Review in Lake Illawarra
  •  1 Sale in Lake Illawarra
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