424/1 Scaysbrook Drive, Kincumber NSW 2251
424/1 Scaysbrook Drive, Kincumber NSW 2251
Retirement village living | Pool and clubhouse | Bus and care services | Flood and bushfire overlays | Downsizer market
This unit is positioned within a retirement village that is well regarded for its onsite amenities and support services. The property is considered ideal for downsizers or retirees seeking a low-maintenance lifestyle, as it is supported by a pool, clubhouse, and emergency care. Its location in Kincumber is valued for proximity to beaches and local shops, which adds to its appeal for this buyer group. This type of property serves a distinct market compared to standard family houses, offering a secure and community-focused environment.
The property’s value may be affected by flood and bushfire overlays, which might increase insurance costs. Ongoing village fees could also be a consideration for buyers, as they may reduce net affordability. The internal condition and layout are likely to be the strongest price determinants, given the specific buyer group for this type of unit.
>> Comparable Sales: 58/1 Scaysbrook Drive sold for $530,000 | Property Price Band: $500K–$600K | Value Drivers: Internal condition, layout, village amenities
Detailed Independent Property Report prepared by PropCred Analyst team for 424/1 Scaysbrook Drive, Kincumber NSW 2251
Checks found:
Value Risk
!
1
Liquidity Risk
✓
Planning Risk
✕
2
Income Risk
!
1
Execution Risk
!
1
Market Insight
Kincumber is a mature, established market with a professional, middle-to-older base. Demand is driven by solid population growth and strong household income growth. House prices sit around $1.1 million; one index shows 6.8% growth in a year, another -1.7% annual capital growth, implying a plateau after prior gains. Units have weakened, down 13.2% or 6% depending on measure. Houses remain liquid: 21 median days on market, 112 sales, and tight supply-59 properties listed last month. Unit rents rose 8.7% to $500 weekly; house rents rose 3.9% to $670. Future growth is income- and population-led, but the $515,000 median gain over prior sale prices is a key affordability constraint, and softer unit values point to rate sensitivity.