This lovely four bed cottage with study and two bathrooms sits on an impressive level parcel of land at just under 700 sqm in size. The location is superb on a quiet street and only a few streets from the water's edge of Lake Illawarra, with local shops and transport also a short walk away. The home is very liveable now but also provides endless opportunities for some DIY reno's or a full refurbishment or even a knock down re-build with Develop opportunity's (SCA) There is also the option of adding a granny flat accommodation/work from home space/or extra rental income (dependent on all relevant approvals), or you could even consider adding a swimming pool and alfresco entertaining zone. The property has features from a by-gone era with high ceilings and beautiful detailed cornicing and a slow combustion wood burner. The kitchen has been updated with gas cooking and gas hot water and one of the bathrooms has been fully renovated. Vinyl flooring planks have been updated in the living areas with the original timber still underneath, that could easily be re-instated. There is ample side access with the ability to drive into the back backyard and an enormous double garage ideal for storing boats, water sports equipment, or even a home gym. 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 and Shellharbour Village are both about 5 minutes away with Stockland Shopping Centre and Movie Precinct also nearby. Oak Flats train station is just down the road. Wollongong is only 24kms away, 13 minutes to Kiama and 15 minutes to Jamberoo Action Park. The new Shellharbour Airport is just 6 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.