This well-maintained neat and tidy brick cottage with more recent updates including a stylish black and white bathroom is ideally located only a few streets from the waters' edge of Lake Illawarra. Set on an oversized block of just under 700 sqm metres this property provides unlimited opportunity with lots of scope to update, renovate or even rebuild (STCA) to create a dream home or multi dwellings but is also completely liveable as is. The backyard space is enormous and could easily fit a swimming pool and or granny flat for use as a home office, rental accommodation or extra room as in-law accommodation or for adult children. The large existing undercover pergola is a great entertaining space that could be even further enhanced with a timber deck and landscaped gardens. The property's location is close to local schools with lots of lovely parks and reserves nearby and only about a ten minute drive to the waterfront Marina. Additional features include; large sunny north facing living room, gas cooking in the kitchen with space for dining, three bedrooms, two with built-in robes, large covered pergola, double tandem carport, garden shed, fully fenced level backyard, separate WC, updated bathroom with built-in bath and shower, internal laundry, remote controlled garage with workbench area and lots of space for extra off street parking. Oak Flats is a sought after community and particularly the location of this home, with the area having much to offer including easy access to lakes, beaches and parklands. The new Waterfront Marina precinct, Shellharbour Village, Stockland Shopping Centre and Movie Precinct are all nearby. Oak Flats train station is just down the road. Wollongong is only 29 km's away, 20 minutes to Kiama and 14 minutes to Jamberoo Action Park. Shellharbour Airport is just 9 minutes away providing regular flights to Melbourne and Brisbane each week. It is also only a 1 hour drive to the Southern suburbs of Sydney.