Two Freestanding Homes in Prime Oak Flats Location!

A rare dual-income opportunity awaits at 80 Parkes Street, Oak Flats, now showcasing a fully renovated front residence alongside a modern two-bedroom granny flat, with a projected combined rental return of $1100 per week. Perfectly positioned just minutes from Lake Illawarra, quality schools, Oak Flats Village, the train station, and a short drive to Stockland Shellharbour and pristine beaches, this property offers the ultimate balance of lifestyle and investment.

Set on a generous 695sqm (approx.) parcel of land, the property presents exceptional versatility. Investors will appreciate the strong dual-income stream, while owner-occupiers may value the opportunity to run a home-based business, with the granny flat easily adaptable into a salon, office, or guest accommodation.

The property features:

• Renovated front home with three bedrooms, engineered timber flooring, spacious lounge, sleek modern kitchen, stylish new bathroom, alfresco entertaining and level yard
• Secondary dwelling offering two bedrooms, open-plan living, neat kitchen and bathroom, shed, carport, and private yard
• Excellent development potential (STCA)
• Only 350m to the foreshore of Lake Illawarra

With tenants already in place and happy to remain, this is a secure and high-performing asset in one of the Illawarra's most sought-after suburbs. Whether you're expanding your investment portfolio, securing a property for your super fund, or seeking dual-living flexibility, opportunities of this calibre are rare. Contact Amanda Bonnici 0457 088 911 for further details.

Explore the area

School catchments

Oak Flats Public School Primary P-6 Government 0.22km
Corpus Christi Catholic High School Secondary 7-12 Catholic 0.93km
Balarang Public School Primary K-6 Government 1.4km
Oak Flats High School Secondary 7-12 Government 1.6km
Albion Park Rail Public School Primary K-6 Government 1.8km
Nazareth Catholic Primary School Primary K-6 Catholic 2.0km
Mount Warrigal Public School Primary P-6 Government 2.7km
Barrack Heights Public School Primary K-6 Government 2.7km
Warilla Public School Primary K-6 Government 3.5km
Warilla North Public School Primary K-6 Government 3.7km
Lake Illawarra High School Secondary 7-12 Government 3.8km
Warilla High School Secondary 7-12 Government 3.9km
Flinders Public School Primary K-6 Government 3.9km
Albion Park Public School Primary K-6 Government 4.1km
Albion Park High School Secondary 7-12 Government 4.3km
Amity College Illawarra Campus Combined Independent 4.6km
Lake Illawarra South Public School Primary K-6 Government 4.6km
Shellharbour Anglican College Combined K-12 Independent 4.7km
Mount Terry Public School Primary K-6 Government 4.8km
St Joseph's Catholic High School Secondary 7-12 Catholic 4.8km
St Paul's Catholic Primary School Primary K-6 Catholic 4.9km
Calderwood Christian School Combined K-12 Independent 5.6km
Illawarra Environmental Education Centre Combined Government 6.2km
Dapto High School Secondary 7-12 Government 7.4km
Kanahooka High School Secondary 7-12 Government 7.4km
Illawarra Sports High School Secondary 7-12 Government 9.5km
Warrawong High School Secondary 7-12 Government 10.5km
Cedars Christian College Combined K-12 Independent 11.8km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

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