118A Pacific Street, Corindi Beach NSW 2456
118A Pacific Street, Corindi Beach NSW 2456
6-bed near-new with granny flat | 675m² coastal block | 500m to beach | bushfire overlay noted | strong multi-gen appeal
This house carries a rare configuration for its street: six bedrooms, three bathrooms, and a council-approved two-bedroom granny flat on a standard 675m² lot. That secondary dwelling is the standout feature—it gives a buyer genuine flexibility for extended family living, a home office with separation, or rental income to offset holding costs. The near-new build with stylish kitchen, gas appliances, covered alfresco dining, and an outdoor kitchen means little immediate spending on upgrades. Positioned less than 500 metres from the beach and within a short walk to the general store, it suits a sea-change family wanting space, or an investor targeting multi-generational households and holiday-let demand. The bushfire overlay is the main constraint, but it is common across this coastal strip and rarely a deal-breaker for owner-occupiers.
The property’s value may be shaped by how the market weighs the granny flat’s income potential against the relatively high site coverage of 38 percent. The 2022 purchase and near-new condition suggest limited depreciation risk, but the bushfire overlay might affect insurance premiums and lender appetite for some buyers. The 259m² building footprint leaves modest outdoor space, which could limit appeal for buyers wanting large lawns. Rental estimates around $765 per week indicate reasonable income, though gross yields in this coastal market tend to sit low relative to price. The absence of flood or heritage overlays is a positive, and FTTC NBN plus 5G coverage supports remote work.
|| Comparable Sales: 118 Pacific Street sold $870,000 (Feb 2024, 2-bed); 81A Pacific Street estimated rent $835/week | Property Price Band: $1.1M–$1.2M | Value Drivers: granny flat income potential, near-new condition, beach proximity
Detailed Independent Property Report prepared by PropCred Analyst team for 118A Pacific Street, Corindi Beach NSW 2456
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
2
URL has been copied successfully!
Market Insight
Corindi Beach is a coastal suburb positioned as an accessible family and retiree market, offering a relaxed lifestyle. Demand is driven by these demographics seeking affordability and a coastal setting, supported by a clear preference for houses over units. Recent price trends show strong annual growth, with a market characterised by consistent sales and a relatively brisk selling period. Future growth is underpinned by its established appeal and historical performance, though the limited stock on market suggests potential supply constraints.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 118 Pacific Street sold $870,000 (Feb 2024, 2-bed); 81A Pacific Street estimated rent $835/week | Property Price Band: $1.1M–$1.2M | Value Drivers: granny flat income potential, near-new condition, beach proximity
Bedrooms
6
Bathroom
3
Parking
2
Land
675m²
URL has been copied successfully!