3/61 Boronia Street, Sawtell NSW 2452
3/61 Boronia Street, Sawtell NSW 2452
2 bed unit | 620k Apr 2024 | owner-occupier heavy | walk to village and beach | flood overlay flagged
This unit sits in a tightly held Sawtell complex where owners stay long, which points to a genuinely liveable pocket rather than investor churn. The two-bedroom, one-bath, one-car format is the suburb’s standard coastal unit, but the real edge is location—a short, level walk to the village, cafes, cinema, and beaches. That convenience drives consistent demand from downsizers and sea-changers who want low-maintenance living without losing the coastal lifestyle. The April 2024 sale at $620,000 gives a solid recent benchmark, and the building’s mixed condition means a well-presented unit here holds appeal for both owner-occupiers and rental investors, with rental estimates near $530 per week suggesting healthy income potential.
Value may hinge on renovation level and aspect, neither confirmed for this specific unit. A dated interior might require budget for updates, while a refreshed finish could support a premium within the building’s range. The flood overlay detected on the broader site is worth investigating, as it could affect insurance costs or resale perception, though it hasn’t suppressed recent sales. Floor position and outdoor space also matter—ground-floor units with courtyards often outperform upper-level ones in this market. Buyers should weigh these factors against the $620,000 paid in 2024 and the building’s $639,000–$669,000 guide for a comparable unit.
|| Comparable Sales: 7/61 Boronia sold $425,000; 3/65 Boronia marketed $599,000–$649,000 | Property Price Band: $600,000–$700,000 | Value Drivers: renovation condition, floor level, flood overlay impact
Detailed Independent Property Report prepared by PropCred Analyst team for 3/61 Boronia Street, Sawtell NSW 2452
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
1
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Market Insight
Sawtell, a coastal suburb near Coffs Harbour, holds a median house price of $1.175m with annual growth flat at -0.8%, though a 10-year CAGR of 7.1% reflects long-term capital appreciation. Buyers are drawn by lifestyle amenity and limited supply; buyer searches across the South Coast are 15% above pre-pandemic levels, while listings sit 20-25% below the five-year average. Demand is concentrated in three and four-bedroom homes, with median rents of $688 and $820 respectively; houses yield 3.6%, units 4.6%. Market conditions show moderate turnover: 46 houses sold in the past year, with three-bedroom homes averaging 61 days on market versus 169 days for four-bedroom properties. Future growth is supported by structural supply constraints and sustained coastal demand, but risks include sensitivity to interest-rate fluctuations and tightening borrowing conditions. Sales volumes have softened, and prices remain near long-term trend, suggesting fair value.
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PropCred Estimated Value
Comparable Sales: 7/61 Boronia sold $425,000; 3/65 Boronia marketed $599,000–$649,000 | Property Price Band: $600,000–$700,000 | Value Drivers: renovation condition, floor level, flood overlay impact
Bedrooms
2
Bathroom
1
Parking
1
Land
97m²
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