Back 48 Addison Avenue
Off Market

48 Addison Avenue

Lake Illawarra NSW 2528

5
3
1055 m²
House
Last sold for $1,500,000
Cooper AskewCooper Askew, last sold this property on 28 May 2026 after 56 days on market.

Overview

Endless Potential on 1,055sqm in a Prime Coastal Pocket

Set on a substantial 1,055.9sqm (approx.) parcel, this versatile property presents an exceptional opportunity for families, investors, and developers alike. Positioned in one of Lake Illawarra's most convenient and lifestyle-driven locations, the possibilities here are as impressive as the land itself. Whether you're looking to move straight in, renovate, or explore future development potential (STCA), this is a rare offering where space, flexibility, and location align. The home itself is generously proportioned, offering multiple living zones, a functional layout, and seamless indoor-outdoor flow to a large covered alfresco - perfect for year-round entertaining. Outdoors, the expansive backyard provides endless space for families, future additions, or redevelopment, complete with a detached shed and wide side access. Property Features: - Expansive 1,055.9sqm (approx.) level block - R3 zoned - Strong development potential (STCA) - Multiple living areas including large family and lounge rooms - Functional kitchen with ample storage and bench space - Covered alfresco area ideal for entertaining - Generous bedrooms, including master with ensuite - Large backyard with plenty of room for kids, pets or future plans - Detached shed plus additional storage options - Wide frontage and side access for flexibility Location Highlights: - Moments to Lake Illawarra foreshore & walking tracks - Close to local schools, shops, and transport - Short drive to beaches, Stockland Shellharbour & Shell Cove Marina Opportunities like this are increasingly rare. Whether you're securing your next home or your next project, this is one not to miss. Contact Cooper Askew on 0484 094 814 to arrange your inspection.

Features

5 bedrooms
3 bathrooms
1055 m² lot size
House

Estimated Value

Based on this property and similar 5 bedroom houses sold in Lake Illawarra over the last 12 months, the estimated median property value of 48 Addison Avenue is $1.5m.

Median value
$1.5m
Estimated value range
$1.03m - $1.9m
Median days on market
34
Estimated value trend
49%
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 48 Addison Avenue

2026
Sold
$1,500,000
28 May 2026 by Cooper Askew, of The Agency South Illawarra

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 5 bedroom houses in Lake Illawarra

In the last 12 months, 4 five-bedroom houses similar to 48 Addison Avenue, have been sold.

This represents a 400% decrease in five-bedroom houses sales when compared to the previous 12 months.

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