2/99 Reddall Parade, Lake Illawarra NSW 2528

Freestanding townhouse | 724sqm foreshore block | North-easterly breezes | Flood and bushfire overlays This property is a rare freestanding residence on one of Lake Illawarra’s most desirable foreshore strips, offering a landholding size that is uncommon for townhouse-style listings in this precinct. The north-easterly orientation and direct connection to the lakeside path position it for buyers seeking immediate water proximity without the exposure and premium of a waterfront title. Its four-bedroom, two-bathroom layout with ducted air conditioning and built-in robes serves families or downsizers prioritising single-level convenience and outdoor space. The scarcity of similar freestanding configurations in this location gives a buyer reasonable negotiating leverage if the listing period extends. The flood and bushfire overlays require careful due diligence, as they may restrict future renovations or increase insurance costs. The 1960 construction date suggests updating is likely needed, which can be an opportunity to add value through targeted modernisation. The minor land size discrepancy (724 versus 728m²) should be resolved via title search, and the generous lot may allow for extension subject to council approval. A buyer prepared to manage overlay-related risks could secure a property with strong long-term capital growth potential in a tightly held lakefront market.