1/13-15 Burlington Street, Monterey NSW 2217
1/13-15 Burlington Street, Monterey NSW 2217
Boutique five-home complex | single-level villa | 200m to beach | premium finishes | recent high-end renovation
This property represents a competitively strong proposition for a buyer seeking low-maintenance, luxury coastal living. Its rarity stems from being a single-level villa within an intimate complex of only five homes, a configuration that offers privacy and community scarce in this beachside locale. The recent high-end renovation with luminous interiors and premium finishes positions it as a modern, turnkey solution. It serves best as a primary residence for downsizers or professionals valuing walkability to the beach, shops, and transport, requiring no further capital outlay.
The decision hinges on its premium valuation within the two-bedroom segment, demanding scrutiny of holding costs against comparable growth. The primary risk is market sensitivity; future gains rely on sustained demand for boutique, premium finishes at this price point. The opportunity is securing a scarce, low-supply property type in a blue-ribbon position. The judgment is to acquire for long-term owner-occupation, leveraging its livability to offset shorter-term investment volatility.
Recent sales on Burlington Street demonstrate a premium for quality and position:
– 1/13-15 Burlington St (this property): 2 bed, 2 bath, sold for $1.506m.
– 5/16 Burlington St: Sold for $1.47m.
– 4/18 Burlington St: 3 bed, 1 bath, sold for $1.43m.
– 19A Burlington St: 5 bed, sold for $2.427m.
This propertyΒs sale price aligns with the upper tier of recent transactions, justifying its value through superior condition, bathroom count, and its recent renovation within a highly constrained boutique complex.
Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ
Market Insight:
Monterey is a tightly held bayside suburb, positioned as a premium family enclave with strong waterfront appeal. Demand is driven predominantly by established families and professionals seeking its lifestyle, reflected in consistent annual sales. The housing market exhibits robust capital growth, while the unit segment shows more varied performance. Future prospects are underpinned by its enduring location appeal, though affordability constraints and sensitivity to interest rates present notable headwinds for continued momentum.