104/10 Bong Bong Street, Kiama NSW 2533
104/10 Bong Bong Street, Kiama NSW 2533
Kove complex | first-level ocean views | 3-bed 2-car prestige | designer finishes | high $3Ms band
The property presents a rare configuration in Kiama’s luxury apartment market: three bedrooms with two separate living areas opening to private balconies, all oriented to uninterrupted ocean views across Surf and Kendalls beaches. For a buyer seeking a lock-and-leave coastal residence without compromising on space or finish, the herringbone flooring, bespoke joinery, and SMEG-equipped kitchen with integrated coffee and wine storage signal a build quality that competes with Sydney’s premium stock. The master suite’s marble terrazzo ensuite and walk-in robe, plus secure basement parking for two cars and a storage cage, position this unit as suited to downsizers or second-home buyers who prioritise amenity and security over land.
The primary risk is the pricing gap between the estate agent’s search band and Domain’s lower valuation estimate, which may indicate either a premium for the Kove complex’s scarcity or a need for patience if the market softens. No sale history exists to anchor expectations, so buyers should rely on recent comparable sales within the complex or similar beachfront apartments in Kiama. The property’s off-market status on some platforms suggests a controlled campaign, which can favour a prepared buyer who negotiates before wider exposure. The complex pool and spa add lifestyle value but also strata fees that should be verified. For the right buyer, the combination of view, layout, and finish quality creates a strong negotiating position if the asking price aligns with verified comparables.
Detailed Independent Property Report prepared by PropCred Analyst team for 104/10 Bong Bong Street, Kiama NSW 2533
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
Income Risk
2
Execution Risk
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Market Insight
Kiama presents a market of distinct divergence, with unit values demonstrating robust growth while houses have experienced a softening in prices. This dynamic is attracting investor interest, drawn by the stronger rental yields available in the apartment segment. The market is active, with sales volumes rising, yet it remains a measured environment with properties taking time to sell. Future performance will hinge on the balance between this investor demand and the broader affordability pressures reflected in the house price trend.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
2565m²
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