Ground-floor unit | dual courtyards | modernized kitchen & bath | periodic tenancy flexibility | coastal proximity
This ground-floor unit presents a competitively strong, low-maintenance entry into a coastal suburb, rare for its dual private courtyards at this price point. The modernized kitchen and bathroom offset its 1968 build, serving an owner-occupier seeking a lock-and-leave beachside position or an investor acquiring a tenanted property with immediate income. Its small block of six ensures manageable strata overheads, while the ground-level layout and light-filled plan appeal to downsizers or long-term renters.
The decision hinges on the 58sqm lot size, which permanently limits capital growth relative to larger parcels, and the aging building envelope which carries latent maintenance costs. The periodic lease provides a vacant possession opportunity or income continuity. Proceed with a building inspection focused on structural integrity since 1968, and value this property as a lifestyle-hold or a steady-yield investment, not a land-bank.