1/77 Mclean Street, Coolangatta QLD 4225

Coolangatta | ground-floor only | strata in 8-unit block | no current market listing This ground-floor apartment sits in an micro-block of eight, which limits body corporate risk but also caps future capital growth due to smaller buyer pool. The absence of flood and bushfire overlays removes a major insurance and resale discount, while the 130-square-metre internal footprint is genuinely spacious for a unit. However, with no current listing and last marketed through RBR, you are effectively buying a known off-market opportunity where vendor motivation is unconfirmed. Your holding strategy here must be rental-first, not short-term flip. The three-bedroom two-bathroom configuration with two car spaces is rare for Coolangatta beachside living and directly competes against newer high-rise stock that often sacrifices square metres for views. For a buyer seeking a permanent coastal residence or a stable rental yielding around $970 per week, this unit offers immediate utility without strata fatigue. Secure parking and air conditioning lock in tenant appeal, making it a lower-risk hold. The next step is to request a formal building inspection and confirm the vendor’s price expectations through the agent before any offer is considered.