1/22 Coast Avenue, Cronulla NSW 2230
1/22 Coast Avenue, Cronulla NSW 2230
Ground floor beachfront | north-facing ocean views | 2-bed in premier block | footsteps to sand | strong rental history
This unit’s ground-floor position in a beachfront block with direct, north-facing ocean views is its primary competitive strength. This configuration is rare in the Cronulla market, where most two-bedroom apartments are smaller and lack such premium views. It serves an owner-occupier seeking a lock-and-leave coastal lifestyle or an investor targeting consistent high-end rental demand, evidenced by its quick lease at a premium rate. The absence of environmental overlays simplifies due diligence.
The decision hinges on paying a significant premium for the view and location. The estimated value reflects this premium over the broader two-bedroom market, compressing rental yield. The opportunity is capital growth driven by irreplaceable positioning, not income. This is a hold property for long-term lifestyle or land-bank value; its utility as a high-turnover investment is limited due to the entry price.
Recent sales data shows 26 two-bedroom apartments sold within 4km in the last eight weeks, from a low of $790,000. This property last sold for $1,150,000. The $360,000+ differential confirms the substantial market premium for a beachfront, ground-floor position with ocean views, anchoring its valuation well above the median.
Detailed Independent Property Report prepared by PropCred Analyst team for 1/22 Coast Avenue, Cronulla NSW 2230
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
2
Income Risk
1
Execution Risk
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Market Insight
Cronulla presents a compelling coastal proposition, currently positioned below its long-term trend and attracting a balanced mix of owner-occupiers and investors drawn by its lifestyle, community, and upgraded amenities. Demand is underpinned by significant town centre and infrastructure improvements, though the market exhibits a divergence with houses demonstrating resilience while units face headwinds from historical oversupply. This dynamic creates a nuanced landscape where future growth is supported by enduring locational appeal but tempered by segment-specific supply sensitivities.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
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