7/1-3 New Orleans Cres, Maroubra NSW 2035

7/1-3 New Orleans Cres, Maroubra NSW 2035
1-bedroom garden apartment with dual courtyards | boutique low-rise block of 15 | north-facing outdoor space | 86sqm internal area This unit’s primary competitive strength lies in its 86sqm internal area and dual north-facing courtyards, a rare configuration in a 15-unit boutique block. For a first-home buyer or downsizer, the private side access and open-plan layout with stone finishes offer genuine liveability advantages over typical one-bedroom stock. The 45% owner-occupancy rate signals stable building management, and the 3.9% rental yield supports investor interest. The property serves best as a long-term hold for an owner-occupier seeking space and outdoor connection within walking distance to Maroubra Beach. The main risk is the 55% rental split, which can affect building care and borrowing appetite for owner-occupiers. Quarterly costs of $2,064 are moderate for the size but should be factored into holding budgets. The 2013 last sale date suggests limited recent price discovery, though comparable unit sales around $720,000 to $780,000 provide a realistic benchmark. The established residential precinct undergoing regeneration offers modest capital growth potential. Hold this property as a comfortable primary residence or a stable rental with reliable tenant demand.
Detailed Independent Property Report prepared  by PropCred Analyst team for 7/1-3 New Orleans Cres, Maroubra NSW 2035
Checks found:
Value Risk ✓
Liquidity Risk ✕ 2
Planning Risk ! 1
Income Risk ! 1
Execution Risk ✓
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Market Insight

Maroubra is an established blue-chip suburb with strong eastern suburbs appeal. Demand is driven by a mix of families and investors, with particular interest in units for their relative affordability and stronger rental yields. While the house market has softened, reflecting broader affordability pressures, the unit segment demonstrates resilience with solid growth. Future prospects are underpinned by its desirable coastal lifestyle and connectivity, though sensitivity to broader market conditions remains a key consideration for high-value house purchases.
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PropCred Estimated Value

Bedrooms

1

Bathroom

1

Parking

1

Land

1124m²

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
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