7/196 Ocean Street, Narrabeen NSW 2101
7/196 Ocean Street, Narrabeen NSW 2101
2-bed strata flat | Ocean Street location | school catchment pull | compact 65 m² lot | sold record at $885,000
This property sits within a low-rise strata complex on Ocean Street, a corridor that blends older-style apartments with townhouses and detached homes. Its compact 65 m² lot suggests a modest flat layout, likely appealing to first-home buyers, downsizers, or investors seeking entry into the Narrabeen market. The school catchment for Narrabeen Lakes Public School and Narrabeen Sports High School adds demand from small families, while the coastal-lake suburban character of the area supports consistent owner-occupier interest. The property’s position in a residential strata scheme on a main street offers convenience but may lack the privacy or space of larger units or houses nearby.
The value of this property may be influenced by its age and floor level, which are not confirmed but inferred from the older-style stock common on Ocean Street. A lower floor or dated finishes could limit its appeal compared to more modern units, while a higher floor or recent updates might strengthen its position. The 65 m² lot is below the average for nearby apartments, so internal layout and storage—such as built-in robes—become critical for pricing. The single bathroom and one car space may constrain demand from families or those seeking more amenity, making it most competitive for buyers prioritising location over size.
Detailed Independent Property Report prepared by PropCred Analyst team for 7/196 Ocean Street, Narrabeen NSW 2101
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
2
Execution Risk
2
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Market Insight
Narrabeen is a coastal Northern Beaches suburb with a diverse property mix, demonstrating strong long-term capital growth. Recent market conditions show a distinct divergence, with house values experiencing significant growth while the unit market has softened. Demand is supported by the suburb’s established coastal appeal, though the market remains sensitive to broader economic conditions. A key consideration is the high proportion of strata-titled apartments, which can influence overall market dynamics and price stability.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
946m²
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