16/124 Terralong Street, Kiama NSW 2533

Heart of Kiama | 1-bed apartment in secure complex | Walkable lifestyle with strong rental demand | Low-maintenance for investors or downsizers This property offers a rare combination of prime walkability and low-maintenance strata living in Kiama’s core, where one-bedroom apartments with secure parking are undersupplied relative to demand from downsizers, holiday buyers, and investors. The 77m² footprint, balcony, air conditioning, and built-in robes give it a genuine liveability edge over many compact units in the area. For a buyer seeking a lock-and-leave base, a reliable rental with yields near 4.5%, or a foothold in a tightly held coastal market, this unit competes well against newer stock that often lacks the same central positioning. The bedroom count discrepancy between sources requires verification,if confirmed as one bedroom, the property is correctly positioned for its target buyer but may limit appeal to small families. The 2014 last sale date suggests limited recent turnover, which can mask strata levy trends or specials; a full strata report is essential to assess sinking fund health and any pending works. With an asking range of $685,000–$750,000 and a median estimate near $720,000, the buyer should negotiate firmly toward the lower end, using recent comparable sales in Kiama as leverage. This property suits a hold strategy for steady rental income or as a low-effort coastal retreat.