10/85 Dee Why Parade, Dee Why NSW 2099

Beachside block | low-rise scarcity | flood overlay present | walk-to-everything This unit sits within a tightly held low-rise block where turnover is infrequent, meaning a buyer gains access to a configuration—62sqm with one car space—that is increasingly rare in Dee Why’s newer developments. The Dee Why Parade frontage and first-floor positioning offer natural light and street presence without the noise penalty of higher floors, and the 91sqm lot footprint is generous for a two-bedroom strata unit. It suits a buyer seeking long-term coastal holding rather than quick flipping, particularly owner-occupiers or downsizers who value immediate beach access and established strata governance over brand-new finishes. The flood overlay is the primary structural risk, raising insurance costs and limiting certain renovation pathways, though it has not suppressed comparable sale prices in the same block. A buyer should commission a full strata report before exchange to verify sinking fund adequacy and any pending capital works, as the early-1990s build may require balcony or common-area upgrades within five years. The rental yield at 4–5% is competitive for the Northern Beaches, and with strong demand for two-bedroom apartments in this catchment, the unit can be held as a buy-and-hold rental with minimal vacancy risk.