While Illawarra property values are slowly rebounding and ongoing interest rate rises present plenty of challenges, agents are reporting there are still plenty of legitimate buyers in the market.
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Many of those aspiring buyers may be wondering where they can get bang for their buck.
So, with the first home buyer or even downsizer in mind, we've compiled a list of seven homes that you can buy for $700,000 or less throughout the region.
Dapto
A newly renovated, two-bedroom home sitting on a 556 square metre block is for sale.
The home at 14 Devon Road, Dapto has a price guide of $640,000 to $690,000.
The kitchen is renovated with a retro, Scandinavian style and looks out across the private yard. A spacious living area features timber wall panelling, high ceilings and air conditioning.
The selling agent is Jeremy Hodder from Hodder & Borg.
Lake Heights
This home with renovation or redevelopment potential is on the market.
The home at 26 Trevor Avenue, Lake Heights has a price guide of $700,000. The three-bedroom home sits on a 1062 square metre block.
While original throughout, it's neatly presented and features defined lounge and dining areas, low-maintenance timber floorboards and carpet throughout.
The selling agent is Cristian Carvana from The Agency Illawarra.
Primbee
This level 1227 square metre block of land is an ideal opportunity to build your dream home with plenty of room in the rear yard for the likes of a potential swimming pool.
The home at 5 Windang Road, Primbee has an auction guide of $700,000.
An existing three-bedroom home currently sits on the block. It's in need of repair and would be an opportunity for anyone wishing to renovate the property.
The property is due to be auctioned on July 4.
The selling agent is Adam McGrath from Ray White Shellharbour City.
Warilla
There's the possibility to redevelop (subject to council approval) this original, much-loved fibro home.
The four-bedroom home at 18 Booth Street, Warilla sits on 554 square metres with 17.68-metre frontage.
It has a price guide of $690,000. The home is located minutes from shopping, the lake's entrance and Warilla Beach.
The selling agent is Adam Martin from MMJ South.
Lake Illawarra
While it's in need of some TLC, this original home offers plenty of potential.
The home at 6 Alfred Crescent, Lake Illawarra has an asking price of $649,000.
The 544 square metre level block is being marketed as ideal for first home buyers who want to renovate.
Features include an original kitchen and bathroom, three well-sized bedrooms, and a spacious, fully fenced block of land.
The home is being sold through Right Choice Real Estate Albion Park.
Berkeley
A cosy cottage-style home with scope to improve or extend is on the market with a price guide of $677,000.
The two-bedroom home at 2 Gillard Place, Berkeley is being presented as providing the ideal starter for a young family, including a large split level backyard.
It sits in a cul-de-sac location, with the local primary school nearby and Lake Illawarra only moments away.
The selling agent is Michael Schlegel from Stone Real Estate Illawarra.
Albion Park
This well-maintained home could have appeal for first home buyers, investors or those wanting to renovate.
The home at 42 Mayfield Circuit, Albion Park has a guide of $649,000 to $699,000.
This property is positioned on a 465 square metre flat block and features three bedrooms, covered entertaining area, and backs onto a reserve.
The bedrooms are all generously sized with one featuring a built-in wardrobe.
The selling agent is Alex Cockcroft from Ray White Shellharbour City.
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