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NSW › Koonawarra › Illabunda Cres

23 Illabunda Cres, Koonawarra NSW 2530

House

$950,000

Last sold

2 Apr 2026

4

Bedrooms

2

Bathrooms

2

Car spaces

651 m²

Land

184 m²

Building

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

What should you know about this lot before spending serious money?

Why this property?

  • FactLast recorded sale $950,000 (2 Apr 2026).(Recorded sale)
  • CalculationRecorded House sales in Koonawarra (last 5 years) with land size: median $1,235/m² of land (n=98). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

What could make it worth more?

  • FactZoned Low Density Residential (R2) under the Wollongong Local Environmental Plan 2009.(NSW ePlanning Spatial Viewer · 30 Aug 2026)

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

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

What this lot has actually traded at

Last sold

$950,000

2 Apr 2026 · derived via latest_sale

Local land rate: recorded House sales in Koonawarra (last 5 years) with land size have a median of $1,235/m² of land (n=98). Districts calculation from recorded sales — not a valuation.

Koonawarra at a glance

3,672

People

$842,000

Median sale

$589/wk

Median rent

3.64%

Suburb gross yield

Median sale from 24 recorded sales (last 12 months) — a Districts calculation.

See the full Koonawarra report →

Vs Koonawarra

+12.8%

Median sale

Suburb $842,000

-0.42 pp

Gross yield

Suburb 3.64%

Suburb median $842,000 from 24 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Planning

Planning and development

Planning scheme

Wollongong Local Environmental Plan 2009

Zone

Low Density Residential

R2

Jurisdiction

Wollongong

Wollongong, NSW

Planning overlays

  • heightDetected
  • heritageNot detected

Planning constraints

  • 109

Development activity

Not detected

Source

  • Provider: NSW ePlanning Spatial Viewer
  • Dataset: Planning Portal Principal Planning — Land Zoning Map
  • Retrieved: 30 Aug 2026
  • Version: 1
  • Parcel: 101088629

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

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, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not detected — official

The official layer was queried and no heritage listed area was detected on this parcel (NSW ePlanning Spatial Viewer, retrieved 30 Aug 2026). Mapped layers change — this is the strongest all-clear Districts can give, not a certificate.

Records

Property history

  1. Sold$950,0002 Apr 2026
  2. Listedprice unknowncompleted24 Feb 2026
  3. Listedprice unknowncompleted24 Feb 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

NSW

Why this lot, not just this suburb

Why could this property outperform?

Confidence: medium

Zoned Low Density Residential · R2 (Wollongong Local Environmental Plan 2009). Official parcel area about 645 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.

What could kill that thesis?

Confidence: low

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

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $589/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

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.

What does the yield actually look like?

Confidence: low

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

What this means for this property

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 (Wollongong Local Environmental Plan 2009). Official parcel area about 645 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.

Read more

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

What is known for this property

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.

4 of 10 questions answered so far

  • Development optionality of this lot

    Knownmedium

    Zoned Low Density Residential · R2 (Wollongong Local Environmental Plan 2009). Official parcel area about 645 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

    Unknown

    NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.

  • Honest achievable rent

    Knownlow

    This 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

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Knownmedium

    Official parcel about 645 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

    Unknown

    Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Knownmedium

    No development applications were returned for this parcel. That is not a statement about nearby lots.

  • Statutory land value versus ask

    Unknown

    NSW Valuer General land values are not loaded for this property yet.

  • Net yield / holding costs

    Unknown

    NSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.

Area

Koonawarra in one glance

Koonawarra at a glance

3,672

People

$842,000

Median sale

$589/wk

Median rent

3.64%

Suburb gross yield

Median sale from 24 recorded sales (last 12 months) — a Districts calculation.

See the full Koonawarra report →

Keep researching

  • Why Koonawarra? Read the area thesis →
  • What else is on the market in Koonawarra →
  • Other records on Illabunda Cres →

Listing material

Listed by One Agency Elite Property Group - Shoalhaven

TIMELESS CHARM, LAKESIDE LIVING

Presented by Arlo Jones and Hugo Vincent of One Agency Elite Property Group.

There’s something truly special about coming home to a place that feels warm, welcoming and completely your own. Set on a generous 651m² parcel in the heart of Koonawarra, this character-filled residence captures sweeping views across Lake Illawarra and the escarpment, creating a backdrop you’ll never tire of. It’s the kind of home where mornings begin with sunlight over the water and evenings end with quiet moments on the deck.

Upstairs, the light-filled lounge invites you to unwind with new engineered timber flooring underfoot and a ceiling fan gently circulating the air. The open-plan kitchen, complete with a five-burner gas cooktop and dishwasher, connects seamlessly to the dining area, making family dinners and weekend entertaining effortless. Step straight out onto the expansive deck and you’ll understand why this home was made for hosting – the views alone will have your guests lingering long after dessert.

Read the full description

With four bedrooms, including built-in robes and ceiling fans in two, there’s space here for growing families or visiting guests. The large upstairs bathroom is beautifully proportioned, while a second bathroom downstairs adds everyday practicality. Downstairs also offers a versatile rumpus or fourth bedroom, with potential to create self-contained accommodation for extended family, teenagers or additional income.

Comfort is covered year-round with ducted heating and cooling, while new double-glazed windows upstairs enhance peace and efficiency. An 8kW solar system keeps energy costs in check, and the detached double garage, rear lane access and ample off-street parking mean there’s room for the boat, caravan and all the extras that come with an active lifestyle.

This is more than just a house; it’s a nurturing, heartwarming home designed for connection, comfort and creating memories. If you’ve been searching for something unique, timeless and filled with soul, this is the one you need to see in person.

Features:

- 4-bedroom, 2-bathroom home on 651m²

- Large entertaining deck with stunning Lake Illawarra and escarpment views

- Open-plan kitchen with 5-burner gas cooktop and dishwasher

- Lounge with new engineered timber flooring, ceiling fan and study nook

- Versatile downstairs rumpus/4th bedroom with self-contained potential

- Ducted heating and cooling plus new double-glazed windows upstairs

- 8kW solar system for energy efficiency

- Detached double garage, rear lane access and room for boat or caravan parking

Listing description written by Arlo Jones, One Agency Elite Property Group - Shoalhaven — reproduced as published, not verified by Districts.

Property features

  • Balcony
  • Broadband
  • Built-in Robes
  • Courtyard
  • Deck
  • Dishwasher
  • Ducted Cooling
  • Ducted Heating
  • Floorboards
  • Fully Fenced
  • Gas Heating
  • Living Areas: 3
  • Outdoor Entertaining
  • Rumpus Room
  • Secure Parking
  • Solar Hot Water
  • Solar Panels
  • Study
  • Toilets: 3
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.