118A Pacific Street Corindi Beach NSW 2456
118A Pacific Street Corindi Beach NSW 2456
Beach proximity under 500m | 6-bedroom configuration rare in this market | Bushfire overlay present | Last sold 2022, price reset possible
The house offers a configuration edge that is difficult to find within walking distance of Corindi Beach: six bedrooms across 259 square metres on a 675-square-metre lot. For a buyer targeting a dual-living arrangement, multigenerational occupancy, or short-term rental yield, the second living area, study, and outdoor kitchen with alfresco dining create functional separation without requiring subdivision. The 2022 sale date suggests the current asking price may reflect a softer market than the one in which the vendor purchased, giving a buyer room to negotiate from a position of recent price discovery. This property suits a buyer who values space and beach proximity over turnkey perfection, and who can absorb a holding period while the bushfire overlay is addressed.
The bushfire overlay is the material risk. It will increase insurance premiums and may limit some lenders’ appetite or require a higher deposit. A buyer should commission a bushfire assessment early and factor a minimum $2,000 to $4,000 annual insurance premium loading into holding costs. The absence of flood or heritage overlays simplifies due diligence. Fibre-to-the-curb NBN and 5G coverage support remote work or rental management. Hold this property as a medium-term family home or a dual-income rental, and treat the overlay as a negotiating lever rather than a deal breaker.
Detailed Independent Property Report prepared by PropCred Analyst team for 118A Pacific Street Corindi Beach NSW 2456
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
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Market Insight
Corindi Beach is a coastal suburb positioned as an accessible family and retiree market, offering a relaxed lifestyle. Demand is driven by these demographics seeking affordability and a coastal setting, supported by a clear preference for houses over units. Recent price trends show strong annual growth, with a market characterised by consistent sales and a relatively brisk selling period. Future growth is underpinned by its established appeal and historical performance, though the limited stock on market suggests potential supply constraints.
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PropCred Estimated Value
Bedrooms
6
Bathroom
2
Parking
2
Land
675m²
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