Lake Illawarra at a glance
3,412
People
$1,000,000
Median sale
$609/wk
Median rent
3.17%
Suburb gross yield
Median sale from 18 recorded sales (last 12 months) — a Districts calculation.
NSW › Lake Illawarra › Shellharbour Rd
$1,705,000
Last sold
25 Feb 2026
8
Bedrooms
4
Bathrooms
4
Car spaces
1,024 m²
Land
Districts View
No detected risks — but see the checklist: absence of evidence is not an all-clear.
No verification items generated for this record.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
$1,705,000
25 Feb 2026 · derived via latest_sale
Lake Illawarra at a glance
3,412
People
$1,000,000
Median sale
$609/wk
Median rent
3.17%
Suburb gross yield
Median sale from 18 recorded sales (last 12 months) — a Districts calculation.
Vs Lake Illawarra
+70.5%
Median sale
Suburb $1,000,000
-1.31 pp
Gross yield
Suburb 3.17%
Suburb median $1,000,000 from 18 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
Shellharbour Local Environmental Plan 2013
Zone
Low Density Residential
R2
Jurisdiction
Shellharbour
Shellharbour, NSW
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
The official layer was queried and no heritage listed area was detected on this parcel (NSW ePlanning Spatial Viewer, retrieved 31 Aug 2026). Mapped layers change — this is the strongest all-clear Districts can give, not a certificate.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
NSWZoned Low Density Residential · R2 (Shellharbour Local Environmental Plan 2013). Official parcel area about 913 m². Dual occupancy is a permitted housing type in this NSW zone under statewide settings, subject to DCP and site constraints. That is not confirmation this lot qualifies. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate. If the dual occupancy pathway survives a planner’s check, this lot can outperform a same-suburb house that is hold-as-is only. That is not a forecast. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Minimum lot size is not loaded, so two-lot subdivision is not confirmed. NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.
Rental
No advertised rent is recorded. Suburb median rent $609/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. NSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.
Verdict
Districts view
This looks more compelling as a land / capital-growth play than a pure yield play — if the dual occupancy pathway survives a planner’s check.
Detail
Zoned Low Density Residential · R2 (Shellharbour Local Environmental Plan 2013). Official parcel area about 913 m². Dual occupancy is a permitted housing type in this NSW zone under statewide settings, subject to DCP and site constraints. That is not confirmation this lot qualifies. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.
Achieved rent for this address has not been inferred. Gross yield on advertising copy is not the deal.
Nearby DA pipeline is unknown, so neighbourhood change is not in this verdict.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
3 of 10 questions answered so far
Development optionality of this lot
KnownmediumZoned Low Density Residential · R2 (Shellharbour Local Environmental Plan 2013). Official parcel area about 913 m². Dual occupancy is a permitted housing type in this NSW zone under statewide settings, subject to DCP and site constraints. That is not confirmation this lot qualifies. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.
Nearby development pipeline
UnknownNSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
KnownmediumOfficial parcel about 913 m² — land size can look like optionality. No material overlays were returned that would explain a discount. That is not proof the price is fair. Nearby DAs, easements, and flood-layer gaps can still explain a cheap-looking listing — those are not all loaded.
Lot-level flood
UnknownFlood overlay has not been queried for this lot. Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownNo DA adapter returned applications for this parcel.
Statutory land value versus ask
UnknownNSW Valuer General land values are not loaded for this property yet.
Net yield / holding costs
UnknownNSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.
Area
Lake Illawarra at a glance
3,412
People
$1,000,000
Median sale
$609/wk
Median rent
3.17%
Suburb gross yield
Median sale from 18 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ray White ShellharbourPositioned on an expansive 1,000m²+ flat block, 17 Shellharbour Road, Lake Illawarra presents a rare and exciting opportunity for investors seeking scale, flexibility, and long-term upside.
This established unit complex comprises four well-proportioned two-bedroom, one-bathroom units, each offering practical layouts and supported by an undercover carport with a single space allocated for each unit. The configuration makes it ideal to hold as a set-and-forget investment, with strong rental appeal and the ability to generate multiple income streams from a single title.
What truly sets this property apart is the land size and future potential. With an exceptionally generous block for this location, there is clear scope to landbank, renovate, reconfigure, or explore future redevelopment options (STCA), allowing investors to maximise returns over time rather than relying solely on today's yield.
The location further underpins its investment strength. Set along a main arterial road, the property enjoys easy access to public transport, is moments from Warilla Grove Shopping Centre, close to local schools and amenities, and just a short drive to Lake Illawarra and pristine beaches in both Warilla and Windang, ensuring ongoing tenant demand.
Whether you're looking to secure a long-term holding, add value, or plan for future development, this is a standout opportunity in a tightly held coastal pocket with proven growth and demand.
An investor's dream with scale, income, and upside, opportunities like this are increasingly hard to find.
Currently returning a combined income of $1,680.00 per week.
The Auction will take place on Wednesday 25th February 2026 in our brand-new Auction House at Ray White Shellharbour City, Shop 2/18 Addison Street, Shellharbour. Registrations open from 5:00pm, with proceedings commencing promptly at 5:30pm.
Listing description written by Adam McGrath, Ray White Shellharbour — reproduced as published, not verified by Districts.