25 Lake Heights Road
Lake Heights, NSW 2502

Overview

DA Approved Boutique Investment in Elevated Position

Inspections are available upon request for this unique property that combines existing rental income with development approval for renovation. Positioned in an elevated location, the home offers stunning views across Lake Illawarra and out to the Tasman Sea, providing a serene and picturesque setting.

The property features a DA approved four-bedroom main residence designed with penthouse-style living in mind. This includes a private kitchen and ensuite, creating a luxurious and self-contained living space. Additionally, the lower ground floor contains a separate apartment with two bedrooms, a lounge, and dining area. This layout is ideal for multigenerational families, providing privacy and comfort for all members. It also offers excellent potential as a home office or an additional rental income source.

Conveniently located just moments from local beaches, schools, the Illawarra Yacht Club, and Warrawong Plaza, this property offers both lifestyle and investment appeal. The combination of location, views, and flexible living arrangements makes it a compelling opportunity for families and investors alike.

Key features of the property include:

• Designed for multigenerational living with separate living areas
• Elevated position providing incredible panoramic views
• Close proximity to schools, shopping centers, and beaches
• Development approval in place for extensive renovations to enhance the property

The land size is approximately 765.1 square meters (0.19 acres), providing ample space for outdoor activities and potential further development. Parking is well catered for with two garage spaces and two additional off-street parking spots, accommodating multiple vehicles comfortably.

This property represents a rare opportunity to secure a versatile home in a sought-after location with significant upside through renovation and development. Whether you are looking for a family home with separate living quarters or an investment with rental income and growth potential, this offering is sure to impress.

Location