Back 5 King Street
Off Market

5 King Street

Lake Illawarra NSW 2528

3
1
3
569 m²
House
Last sold for $780,000
Matt BorgMatt Borg, last sold this property on 16 July 2026 after 35 days on market.

Overview

Affordable Entry, Endless Potential

Looking for a home you can improve rather than pay someone else's renovation premium? Set on a generous block in one of Lake Illawarra's most convenient pockets, this original three-bedroom home presents an outstanding opportunity for first-home buyers, renovators and investors to create value through renovation and cosmetic improvements. Move in and update over time, undertake a complete transformation, or explore the property's future potential (STCA). Opportunities to secure an affordable home with this much upside are becoming increasingly difficult to find. Why You'll Love It ✔ Affordable entry into the Lake Illawarra market ✔ Original condition offering genuine renovation upside ✔ Detached garage ideal for tradies, storage or workshop use ✔ Wide side access to the backyard ✔ Level block with plenty of room for future improvements (STCA) ✔ Minutes from schools, shopping, beaches and Lake Illawarra foreshore ✔ Potential to increase value through cosmetic upgrades For further information or to arrange an inspection, contact Matt Borg today.

Features

3 bedrooms
1 bathroom
3 carspaces
1 carport space
1 open car space
1 garage space
569 m² lot size
House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Lake Illawarra over the last 12 months, the estimated median property value of 5 King Street is $890k.

Median value
$890k
Estimated value range
$780k - $1m
Median days on market
18
Estimated value trend
6%
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 5 King Street

2026
Sold
$780,000
Private Sale/Treaty on 16 Jul 2026 by Matt Borg, of Matt Borg Real Estate

Happy sellers in Lake Illawarra

87%
87% 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 3 bedroom houses in Lake Illawarra

In the last 12 months, 12 three-bedroom houses similar to 5 King Street, have been sold.

This represents a 25% increase in three-bedroom houses sales when compared to the previous 12 months.

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