Set on a large parcel of land positioned on the high side of the street very close to the edge of Lake Illawarra, is a spacious property brimming with untapped potential. The family friendly location is close to walking and bike tracks, a sports oval, swimming pool and tennis courts and only a five minute drive to the chic Waterfront Marina and the lovely Village of Shellharbour. The home features polished timber floorboards with bright interiors with the benefit of a huge level backyard and established gardens with an entertaining area, and a front terrace that sits above the garage with great elevated views of the surrounding district and escarpment. The backyard provides lots of scope for adding an extended alfresco entertaining zone, swimming pool or even the possibility of a granny flat (STCA). Additional features include; timber floors throughout, split system air conditioning, a large living room with separate dining and adjoining kitchen, oversized main bedroom with BIR, large laundry, bathroom with separate bath and separate toilet, lockup garage and additional 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 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 24 kms away, 13 minutes to Kiama and 15 minutes to Jamberoo Action Park. 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.