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Back 56 Gilba Road
Off Market

56 Gilba Road

Koonawarra NSW 2530

4
2
2
653 m²
House
Last sold for $685,000
Daniel KostovskiDaniel Kostovski, last sold this property on 11 July 2025 after 23 days on market.

Overview

Renovators & developers, this one's for you!

Set on a generous parcel of land just moments from the tranquil shores of Lake Illawarra, this spacious 4-bedroom, 2-bathroom home with a double carport is brimming with potential. Whether you're looking to renovate, rebuild (STCA), or invest for the future, this is a rare chance to secure a property that offers lifestyle, location, and limitless possibilities. Perfectly suited to first home buyers ready to make their mark, seasoned renovators with a creative vision, or savvy investors seeking strong future returns, this residence offers flexible living spaces and solid bones as a foundation for your dream transformation. The expansive block provides ample room for extensions, outdoor entertaining areas, or even a complete rebuild to create a custom-designed home tailored to your lifestyle (STCA). Ideally positioned close to the lake’s walking and cycling tracks, local schools, shops, cafes, and major transport links, the property combines relaxed lakeside living with everyday convenience. Opportunities like this in such a tightly held lakeside pocket are few and far between. Features: - Three bedrooms located upstairs, with the master bedroom featuring a built-in wardrobe - A spacious fourth bedroom situated downstairs with additional bathroom - Kitchen equipped with a gas cooktop, oven, and dishwasher - Fully fenced backyard offering privacy and security - Large undercover area, perfect for outdoor gatherings and entertaining guests - Walking distance to the picturesque Lake Illawarra foreshores - Close to local schools, shops, cafes, and major transport links. Council Rates: $451.27 p/q approx*. Water Rates: $147.31 p/q approx*. The property is presented by Rise Property Group, for further information please contact Daniel Kostovski 0402 037 940 or Elena Gould 0436 366 606. Whilst every effort has been made to ensure the accuracy and thoroughness of the information provided to you in our marketing material, we cannot guarantee the accuracy of the information provided by our vendors, and as such, Rise Property Group makes no statement, representation or warranty, and assumes no legal liability in relation to the accuracy of the information provided. Interested parties should conduct their own due diligence in relation to each property they are considering purchasing. All photographs, maps, and images are representative only, for marketing purposes.

Features

4 bedrooms
2 bathrooms
2 carspaces
2 carport spaces
653 m² lot size
House

Estimated Value

Based on this property and similar 4 bedroom houses sold in Koonawarra over the last 12 months, the estimated median property value of 56 Gilba Road is $868.25k.

Median value
$868.25k
Estimated value range
$685k - $1.25m
Median days on market
32
Estimated value trend
7%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Koonawarra. 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 56 Gilba Road

2025
Sold
$685,000
Auction Sale on 11 Jul 2025 by Daniel Kostovski, of Rise Property Group
2016
Sold
$420,000
23 Feb 2016 by Bradd O'Brien, of Richardson & Wrench Dapto
2012
Sold
Undisclosed
Private Sale/Treaty on 23 Aug 2012 by Ali Yagmur, of Domain Illawarra Real Estate

Happy sellers in Koonawarra

96%
96% of sellers in Koonawarra reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 9 reviews in Koonawarra over the last 12 months.

Local market activity for 4 bedroom houses in Koonawarra

In the last 12 months, 7 four-bedroom houses similar to 56 Gilba Road, have been sold.

This represents a 54% increase in four-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 Koonawarra

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Cliff McGrath

Cliff McGrath is an award winning recommended agent for Koonawarra.  They have 7 local sales and collected 2 local reviews across the last 12 months.

  •   4.9   (127 reviews)
  •  2 Reviews in Koonawarra
  •  7 Sales in Koonawarra
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Peter Bullman

Sellers who recommend Peter Bullman have praised them for being clear communication, local expert, responsive, honest, friendly, reliable and stress-free process

  •   4.9   (215 reviews)
  •  2 Reviews in Koonawarra
  •  2 Sales in Koonawarra
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Daniel Kostovski

Daniel Kostovski is a recommended agent for Koonawarra.  They have 1 local sale and collected 2 local reviews across the last 12 months.

  •   5   (35 reviews)
  •  2 Reviews in Koonawarra
  •  1 Sale in Koonawarra
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Ben James

Ben James is an award winning recommended agent for Koonawarra.  They have 1 local sale and collected 2 local reviews across the last 12 months.

  •   4.9   (245 reviews)
  •  2 Reviews in Koonawarra
  •  1 Sale in Koonawarra
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