1/53-55 Lagoon Street, Narrabeen NSW 2101
1/53-55 Lagoon Street, Narrabeen NSW 2101
2-bed / 2-bath / 1-car | boutique beachside block | strong internal sale signal | premium coastal pocket | garden-apartment appeal
This apartment holds a genuine edge in Narrabeen’s coastal market. The 2-bed, 2-bath, 1-car format is a step above the older 2/1/1 stock that dominates the suburb, and the 104m² footprint suggests generous internal space for a two-bedder. Being in a small boutique building with established owner-occupiers—averaging nearly seven years tenure—points to a quiet, well-kept complex that lifestyle buyers and downsizers favour. The beachside position on Lagoon Street places it within easy reach of the water, village shops, and the B-Line, making it a strong fit for professionals or couples seeking low-maintenance coastal living without compromising on amenity.
The most telling signal is the internal comparable: a similar 2/2/1 apartment in the same building sold recently at a level that implies solid demand for this configuration. That sale, combined with the property’s renovated garden-apartment sibling, suggests units here hold value well and attract a consistent buyer pool. The estimated rent of $895 per week indicates robust rental interest, which may appeal to an investor, though the likely price point leans more toward owner-occupiers. The lack of confirmed water views or top-floor status means the price will hinge on condition, presentation, and how the garden aspect compares to the stronger internal sale.
|| Comparable Sales: 15/53-55 Lagoon St sold Feb 2026 for $1.715M; 9/53-55 Lagoon St sale pending (3/2/2) | Property Price Band: $1.4M–$1.5M | Value Drivers: internal comparable strength, generous 104m² footprint, boutique building with stable owner-occupiers.
Detailed Independent Property Report prepared by PropCred Analyst team for 1/53-55 Lagoon Street, Narrabeen NSW 2101
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
1
Income Risk
2
Execution Risk
2
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Market Insight
Narrabeen, on Sydney’s Northern Beaches, remains a tightly held coastal market: just 27 house sales in the past year, 60 days on market, and a median price of $4.25m after 41.67% annual growth. Units are softer – median $1.21m, down 6.56% annually, with 179 sales and 42 days on market. Long-term fundamentals are stronger: 5.8% compound growth over 36 years and a 130.8% decade gain to $1.985m. Lifestyle demand keeps pressure on freehold stock, but 59.5% of properties are strata-titled, limiting supply. Rental yields are modest: 2.43% for houses and 3.39% for units, with weekly rents of $898 and $825 respectively. Future appreciation hinges on rate settings; the market sits below its long-term trend, though recent stabilisation suggests a floor.
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PropCred Estimated Value
Comparable Sales: 15/53-55 Lagoon St sold Feb 2026 for $1.715M; 9/53-55 Lagoon St sale pending (3/2/2) | Property Price Band: $1.4M–$1.5M | Value Drivers: internal comparable strength, generous 104m² footprint, boutique building with stable owner-occupiers.
Bedrooms
2
Bathroom
1
Parking
1
Land
1890m²
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