3/95 Ocean Parade, Coffs Harbour NSW 2450

Oceanfront | 2-bedder with pool | Domain high-confidence estimate above list | Strong rental yield potential The property is positioned below its Domain estimate, offering a rare entry point into a tightly held oceanfront building where only 15% of owners have held beyond ten years. The pool and balcony configuration strengthen appeal for downsizers and professionals seeking low-maintenance coastal living, while the building’s 40% owner-occupier share signals stability. For a buyer targeting immediate equity or yield, the $570+ weekly rental estimate supports a 5% gross return,above the suburb median for two-bedroom units. The primary risk is the building’s 60% renter concentration, which may affect lending appetite or strata harmony over time. Recent comparable sales at $550,000 suggest limited short-term upside unless the market tightens. However, the 4.66% yield and short holding periods of recent sellers (0.68% annual growth over four years for unit 2) indicate the property suits a hold-for-cashflow strategy rather than a flip. Use it as a long-term rental in a stable coastal market with demographic demand from older residents.