19/16-18 Devitt Street, Narrabeen NSW 2101

Waterfront lagoon edge | tightly held cul-de-sac | 2-bed strata unit | prime views | strata complex This unit’s absolute waterfront position on Narrabeen Lagoon within a quiet cul-de-sac is its defining and rare advantage, offering a lifestyle premium uncommon in strata apartments. The property suits an owner-occupier seeking permanent views and serenity, or an investor targeting tenants valuing exclusivity over proximity to transport. Its configuration is standard, but the irreplaceable aspect and tightly held location provide a fundamental scarcity that underpins long-term value. The primary investment risk is the flood overlay, which necessitates a detailed strata report to assess potential insurance costs and capital works liabilities. The significant price variance within the building, evidenced by comparable sales, requires scrutiny of this specific lot’s condition and strata health. Proceed only after verifying flood implications and strata finances; this property is best held long-term to realise the location’s capital growth potential, rather than for high rental yield. A comparable unit in the same complex, 24/16-18 Devitt Street, sold for $1,461,000 in July 2024. This recent sale establishes a strong price benchmark, suggesting this listed unit may present relative value if its condition and position are comparable, though differences in floor level and renovation state are unconfirmed.