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61 MIRRABOOKA ROAD, Lake Heights NSW 2502

61 MIRRABOOKA ROAD, Lake Heights NSW 2502

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For sale

Price Guide | $1,050,000

61 MIRRABOOKA ROAD, Lake Heights, NSW 2502

4

2

1

729m²

0m²

house

Property Description

Listed on 13 Mar 2026

An outstanding opportunity for investors looking to secure an established dual-income property with clear upside. Positioned on a generous block, 61 Mirrabooka Road currently consists of two separate 2-bedroom units - one upstairs and one downstairs - both occupied by long-term tenants. The current leases have expired and rents have not been increased for some time, presenting immediate potential for a rental adjustment and improved returns. Where the real opportunity lies is at the rear of the property. Subject to council approval (STCA), the block offers the potential to add a 2-bedroom granny flat, creating three separate income streams on the one parcel of land - a strategy many investors are using to push yields above the local market average. Key Features: • Two self-contained 2 bedroom units (upstairs & downstairs) • Dual income property with long-term tenants • Expired leases allowing for rental review • Granny flat potential (STCA) at the rear • Opportunity to create three incomes on one block • Ideal for investors seeking value-add and strong future yield Properties offering this combination of existing income and clear development upside are becoming harder to find in the local market. For investors looking to increase cash flow and manufacture stronger returns, this is an opportunity worth exploring

Estimated value

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Median house price trends

Comparing the price trend of houses in Lake Heights against the state of New South Wales over the last 4 years. Source: CoreLogic

Comparable properties

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Market activity

A snapshot of how quickly properties are selling in the area and how many are currently available.

21 Days

House median days on market

20 Days

Unit median days on market

85 Properties

Sold in last 12 months

17 Properties

Available in the last month

Lake Heights residents

Key characteristics of the residents in the area, view the full breakdown of the suburb here.

Under 18

Is the most common age range

Outright Owners

Most common occupant type

Families

Most common household profile

Technicians and Trades Workers

Most common occupation

Detached Houses

Most common property type

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Nearby education

Schooling and educational options in the area, for all ages.

Lake Heights Public School

K - Yr 6

Government

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Lake Heights

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Wollongong

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New South Wales

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Median House: $791,713

Median Unit: $743,625

Median House: $793,245

Median Unit: $624,173

Median House: $894,215

Median Unit: $692,727

Frequently asked questions

The property at 61 Mirrabooka Road includes 4 bedrooms, 2 bathrooms and parking for 1 car.

The land size for 61 Mirrabooka Road in Lake Heights is approximately 729 square metres. This figure is useful for understanding the outdoor space, development potential and overall scale of the property.

61 Mirrabooka Road in Lake Heights, New South Wales includes a range of local schools, shops, public transport options and community facilities that support day to day living.

The current listing status for the property at 61 Mirrabooka Road, Lake Heights is not available in our data at this time.

Contact the agent

The Agency Illawarra

Louie Piculovski

The Agency Illawarra

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