10/6-8 Wharf Street Tuncurry NSW 2428

Waterfront flat | Holiday rental ready | Flood overlay present | Older demographic area This apartment occupies a rare position in a tightly held waterfront precinct, offering direct balcony views over Wallis Lake that are difficult to replicate in Tuncurry. The open-plan layout and internal garage access add everyday convenience, while the existing holiday rental operation provides immediate income flexibility. It is best suited to buyers seeking a coastal weekender with rental potential or an investor targeting short-term yields in a market where 39% of residents are aged over 60, suggesting steady demand from retirees and holidaymakers. The flood overlay is the principal risk, potentially increasing insurance costs and limiting some financing options. Buyers should verify the property’s floor level relative to historical flood data and factor in higher premiums. The current rental income of $490 per week is modest for the price point, so capital growth will depend on the scarcity of waterfront stock rather than yield. The most prudent approach is to hold as a holiday rental while monitoring council planning for any density changes that could lift long-term value.