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23 Matthews Drive, MOUNT WARRIGAL NSW 2528


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VERSATILE 5 BEDROOM STUNNER WITH EXCELLENT RENTAL RETURN OF $83,200 P/A

23 Matthews Drive, MOUNT WARRIGAL NSW 2528

PRICE GUIDE $1,250,000

Property ID: L35537207 | House

5 Bed
3 Baths
2 Car Spaces
664 sqm
147 sqm

Description


Domain Illawarra is proud to offer a rare opportunity to secure an expansive, fully renovated, double-brick residence in one of Mount Warrigal's most sought-after streets. This versatile 5-bedroom property caters perfectly to large or extended families, offering multiple self-contained living spaces under one roof, each thoughtfully designed for privacy, comfort, and independence with the potential to convert to a 6 - 7 bedroom property.

Whether you're accommodating multi-generational living arrangements or seeking a high-performing investment with a combined rental return of $1,600 per week, this home is tailored for flexibility and future growth. The elevated setting provides commanding ocean & mountain views, while the location ensures unbeatable convenience to Lake Illawarra, schools, shops, public transport, and more.

Boasting updated electrical systems, solar panels, new blinds, and polished floors throughout, this home has been meticulously renovated to meet modern standards. With three distinct living zones, each with its own entry and amenities, it provides the ideal layout for blended families, in-laws, adult children, or guests seeking their own space.

This 5-bedroom masterpiece is currently utilised as 3 tenancies, bringing in an excellent return of $83,200 per annum. The first unit upstairs is a spacious 2-bedroom layout with built-in wardrobes. Polished timber floors, a contemporary kitchen, and a generous enclosed sunroom capturing sweeping ocean views. An updated bathroom with a separate toilet and a dedicated undercover carport.

The second Unit is split over two levels and offers a private retreat. It features 2 bedrooms; the main with walk-in robe and the second with built-in wardrobes and a private balcony with ocean views. A sleek kitchen and bathroom, timber floors, and a large balcony framed with glass balustrades to showcase panoramic ocean and mountain vistas. As well as dedicated off-street parking.

Unit 3 boasts a stylish 1-bedroom haven with a built-in wardrobe, tiled flooring throughout and a brand new kitchen. An internal laundry is integrated with the functional bathroom.

The property's location provides a peaceful yet connected lifestyle, with easy access to the foreshore, shopping precincts, public transport, and major roads. With the area continuing to see strong growth and increasing demand for flexible living arrangements, this is an opportunity suited to both savvy investors and large families alike.

Whether you're looking to diversify your portfolio or accommodate a large family with separate living areas, this is an opportunity not to be missed.


Disclaimer:
At Domain Illawarra Real Estate, we strive to provide accurate information in our marketing materials based on details supplied by our Vendors. However, we cannot guarantee the complete accuracy of this information. Therefore, Domain Illawarra Real Estate does not make any representation, statement, or warranty regarding the complete accuracy of the details shared. We strongly advise potential buyers to undertake their own due diligence when considering a property purchase. Please note that all photographs, maps, and images are for marketing purposes and are representative only.

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