102/64 Kingsway, Cronulla NSW 2230
102/64 Kingsway, Cronulla NSW 2230
Boutique 19-unit complex | 124m² larger format | Two secure car spaces | 750m to beach | Rooftop terrace
This property presents a competitively strong proposition due to its above-average size and scarcity profile within the Cronulla unit market. A 124-square-metre, two-bedroom layout with two car spaces exceeds typical local offerings, providing tangible space utility. The boutique, architect-designed building of only three years age mitigates immediate capital expenditure risk and appeals to owner-occupiers seeking modern, low-maintenance coastal living. Its rear position ensures privacy, while proximity to the beach, mall, and station underpins enduring rental and resale demand from professionals or downsizers.
The primary decision hinges on paying a premium for quality and space over older, smaller stock. Strata costs, while not specified, are a fixed carrying cost requiring scrutiny of the administrative and capital works funds. The lack of overlays simplifies due diligence. This property is best acquired for long-term holding, leveraging its rental appeal and positional strength to outperform standard units. For precise valuation, strata health assessment, and locality risk profiling, a PropCred report provides the necessary commercial logic.
Recent suburb-level sales indicate a median unit price benchmark. A comparable recent sale was noted at approximately $1.15 million. With 21 properties sold in the immediate area and an 82% auction clearance rate, the market demonstrates robust demand. This context suggests the subject property’s larger size and newer condition command a justifiable premium above the median.
Detailed Independent Property Report prepared by PropCred Analyst team for 102/64 Kingsway, Cronulla NSW 2230
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
Income Risk
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
2
Parking
2
Land
1399m²
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