7 Rees Street

Wangi Wangi NSW 2267

1081 m²

House

Last sold for $800,000

Andrew Dinnen, last sold this property on 25 September 2025 after 28 days on market.

Overview

Renovation/Development Potential With A View

If you've been searching for the perfect property to build your dream home, invest, or develop (STLCA), this is the opportunity you've been waiting for. Located in the heart of the peaceful and picturesque lakeside suburb of Wangi Wangi, NSW, this 2-bedroom home sits on an expansive 1,081m² block, offering endless possibilities. Whether you're looking to renovate the existing home, knock it down and rebuild, or explore development opportunities including a granny flat or dual occupancy (STLCA), the size and layout of this block provide plenty of flexibility. With the potential for lake views from a second-storey build, this property offers both immediate appeal and long-term vision. The block itself is mostly level, making future construction more straightforward and cost-effective. Located in a quiet street, you're just a short walk to the sparkling shores of Lake Macquarie, and only moments to Dobell Park Boat Ramp, Wangi Wangi Beach, Wangi Point, and local bushland walking trails-perfect for those who love a relaxed, outdoor lifestyle. Property Features: • Large 1,081m² block • Potential for granny flat or multi-dwelling development (STLCA) • Great canvas to build your dream home with possible lake views • Existing 2-bedroom home ready for renovation or rebuild • Plenty of off-street parking • Close to local schools, village shops, restaurants, and cafes • Quiet, community-focused location with a laid-back lakeside vibe • Moments to boating, fishing, kayaking, and nature reserves • Council rates approx $587pq • Water rates approx $379pq Whether you're a developer, first home buyer, or someone looking to build a forever home in a lakeside paradise, this property is a rare find with serious upside. For more information on this home or to schedule an inspection please contact Andrew on 0423 217 864 or Ashley on 0413 250 806 Disclaimer: We have obtained this property information from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective buyers are advised to carry out their own investigations.

Features

2 bedrooms

1 bathroom

2 carspaces

2 garage spaces

1081 m² lot size

House

Estimated Value

Based on this property and similar 2 bedroom houses sold in Wangi Wangi over the last 12 months, the estimated median property value of 7 Rees Street is $907.5k.

Median value

$907.5k

Estimated value range

$800k - $950k

Median days on market

Estimated value trend

-3%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Wangi Wangi. 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.