2/5 Wapengo Street, Bermagui NSW 2546

River frontage in coastal Bermagui | 1985 unit with rare dual-aspect views | compact floorplan with efficient layout | suited to lifestyle buyers or investors This unit’s primary buying case rests on its unobstructed river, harbour, and headland views from a front balcony, a feature uncommon in this price bracket. The open-plan living and kitchen reconfiguration with integrated laundry improve everyday function, while the main bedroom’s walk-through robe and two-way bathroom add practical flexibility. Positioned opposite the Bermagui River and within walking distance to shops and beaches, the property suits those seeking a low-maintenance coastal retreat, a holiday base, or a downsizer’s foothold in a sought-after location. The absence of bushfire, flood, or heritage overlays reduces compliance risk, and reliable NBN and 5G coverage support remote work or rental management. The key risk is the unit’s age—1985 construction may require eventual updates to fixtures or systems, though current condition appears light-filled and well-maintained. Body corporate fees of approximately $3,500 per annum and council rates near $3,825 per annum are moderate for the area but should be factored into holding costs. The property has been on market for around five months, suggesting price sensitivity or limited buyer pool at the current range; a buyer could negotiate based on this duration and recent nearby sales at lower price points. For an investor, rental yield potential exists given the location, but capital growth will be driven by view scarcity rather than land size. Hold as a lifestyle property or income-producing unit, with a medium-term view tied to Bermagui’s coastal demand.