1/11 Coolabah Court, Banora Point NSW 2486

Duplex on 945m² land | 1985 build with views | Quiet leafy street | Renovated lower level This property presents a rare configuration for a duplex, sitting on a substantial 945 square metre parcel, which affords a level of space and privacy atypical for this housing form. Its elevated position capitalises on sweeping mountain views, while recent renovations to the lower level deliver modern functionality. The combination of larger land, views, and updates positions this property uniquely above standard units, serving a buyer seeking a low-maintenance lifestyle without sacrificing outdoor space or outlook, or an investor targeting a premium segment of the Banora Point rental market. The decision hinges on reconciling its 1985 construction with the premium asking price. The significant appreciation since its 2020 sale necessitates scrutiny of the renovation’s quality and the remaining capital required for future updates. While the estimated rental yield is reasonable, the price sits notably above the suburb median for three-bedroom units, demanding validation through direct comparison. Proceed only with a building inspection to quantify future liabilities, and negotiate firmly using comparable sales to justify any offer above the lower end of the quoted range; this property is best held as a long-term residence to amortise upgrade costs or as a strategic investment in a scarce, larger-format duplex. Recent sales in the area provide essential context for valuation. While specific prices are not detailed in the available data, the volume of transactions in Banora Point and nearby suburbs indicates an active market. The list of comparable properties, predominantly units and townhouses, underscores that this subject property, with its significantly larger land component, is an outlier. This divergence supports a potential price premium but also narrows the buyer pool, necessitating that your offer be anchored by the most directly comparable large-land duplex sales, not standard unit metrics, to establish credible value.