3/2-6 Beach Street, The Entrance NSW 2261

First-floor unit | 3 bed 2 bath 2 car | Strata share of large beachfront block | Walk to sand & shops | Long-hold suburb This unit presents a competitively configured entry point into a tightly held beachfront enclave. Its three-bedroom, two-bathroom, and two-car layout is operationally superior to the more common two-bedroom stock on Beach Street, offering genuine family utility in a strata complex. The property’s defining strength is its location within a short walk of the beach and town centre, coupled with its share of a substantial over-3,000 square metre block, which is rare for apartments and provides a sense of space and permanence. This combination best serves an owner-occupier seeking a low-maintenance coastal lifestyle or a long-term investor capitalising on the suburb’s demonstrated stability and rental demand from similar demographics. The primary decision hinges on navigating the strata title’s inherent risks and costs, which substitute for direct land control and can impose unpredictable levies for building maintenance on a large, aging complex. The opportunity lies in acquiring a functional, well-positioned unit where the configuration commands a scarcity premium over time, as evidenced by the strong long-term growth of comparable holdings. Given the suburb’s high proportion of decade-long owners, the commercial logic is unequivocally for a hold period exceeding five years to absorb transaction costs and realise the location’s value; this is not a short-term trading proposition. Recent comparable sales on Beach Street illustrate the value spectrum: – 22/2-6 Beach St: 2 bed, 2 bath, 2 car apartment sold for $890,000 (Oct 2024). – 8/1-9 Beach St: Apartment sold for $1,070,000 (Jul 2022). – 11/2-6 Beach St: 2 bed, 2 bath, 1 car apartment sold for $835,000. – 39/1-9 Beach St: 2 bed, 2 bath, 2 car apartment sold for $1,150,000. – 24/1-9 Beach St: 3 bed, 3 bath, 2 car apartment sold for $2,250,000. These sales confirm a baseline near $835,000 for a two-bedroom unit and a premium for three-bedroom configurations. Your subject property’s estimated value around $820,000 aligns with the lower end for a three-bedroom unit, suggesting its pricing accounts for its first-floor position or specific condition within the block. This represents a relative value position within the complex, assuming the unit lacks the views or finishes of higher-priced sales.