12/120-122 Beach Street, Coogee NSW 2034
12/120-122 Beach Street, Coogee NSW 2034
Unit 12 of 23-apartment block | Beach St Coogee | Mixed 1 to 3 bed stock | 50% investor share | Active rental demand
This unit is held within a 23-property strata block on Beach Street, placing it in the established beachside apartment market rather than new high-rise product. The building is known to mix compact one-bedroom apartments with larger floorplates, so it serves both entry-level buyers and those seeking substantial accommodation. With a near 50/50 owner-occupier and renter split in the locality and a demographic weighted towards 20-to-39 year olds, this property is best suited to an owner-occupier wanting a convenient Coogee base or an investor looking for steady rental interest. The street profile shows active turnover with low days on market, confirming consistent buyer demand. It offers a practical foothold in an inner-eastern beachside suburb, with the local public school within reach.
The value of this unit may be influenced most strongly by floor level, aspect, and internal condition, as the block’s varied apartment sizes create wide price dispersion. A position with ocean glimpses or a quiet orientation might support a premium, while a lower-floor or rear-facing unit could trade at a discount. The high renter share in the area might also affect building presentation and common-area maintenance, so a review of strata records is recommended. These factors may meaningfully shape the final price.
>> Comparable Sales: 8/120-122 Beach St at $3.45M, 22/120 Beach St at $3.95M | Property Price Band: $1.2M-$1.3M | Value Drivers: floor level, aspect, internal condition
Detailed Independent Property Report prepared by PropCred Analyst team for 12/120-122 Beach Street, Coogee NSW 2034
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
Income Risk
Execution Risk
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Market Insight
Coogee NSW 2034 remains a tightly held prestige coastal market, with the house segment setting the tone. Median house values sit near $4.9 million, having risen 11.87% annually, a pace 142.3% above Sydney’s average. Houses clear in roughly 28 days on just 61 sales a year, pointing to scarce stock and persistent owner-occupier demand, with 46% of owners carrying mortgages. Units are comparatively softer: a $1.5 million median with flat to slightly negative growth, though a 3.39% gross yield offers income support. Rents are climbing-houses up 8.1% and units 5.6% over 12 months-reflecting live-in appeal rather than speculative pressure. The key constraint is affordability: house rents yield only 1.74%, so buyers pay for land and lifestyle, not income. Future growth depends on continued scarcity and Sydney-wide outperformance, but rate sensitivity and the thin margin between $4.5m and $4.9m valuations leave limited buffer for corrections. The unit segment carries the most risk given stagnant prices and rising supply alternatives in neighbouring suburbs. Overall, Coogee is a high-value, low-turnover market driven by wealthy, mortgage-bearing owner-occupiers seeking permanent coastal residence, with downside most likely to surface first in apartments.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
1
Land
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