12/3-11 Hawkesbury Avenue, Dee Why NSW 2099
12/3-11 Hawkesbury Avenue, Dee Why NSW 2099
2 beds 2 baths 1 park | Dee Why coastal apartment | Building comparables over $1.1M | Single parking constraint | Strong capital growth history
The property’s position in a building with a proven capital growth trajectory,exemplified by a 150% gain over 18 years,signals that this location and configuration hold enduring demand. The 2-bed 2-bath layout is the sweet spot for owner-occupiers and investors in Dee Why, where proximity to beach and BRT access remains a prime driver. The single parking space is a limitation, but in a building where similar units with two spaces have cleared $1.125M, this unit is positioned to offer a more accessible entry point into a high-demand coastal suburb. It suits a buyer seeking long-term hold with strong rental appeal or a downsizer valuing amenity over car storage.
The main risk is the parking deficit,buyers with two cars or families will find this a dealbreaker, narrowing the resale pool. Strata fees and building condition are unverified, which introduces uncertainty; a strata inspection is non-negotiable before offer. The opportunity lies in the gap between this unit and the two-park comparable,if priced below $1.1M, there is clear equity upside. This property should be held for at least five years to capture further Dee Way uplift, with the single park accepted as a trade-off for location and yield.
Detailed Independent Property Report prepared by PropCred Analyst team for 12/3-11 Hawkesbury Avenue, Dee Why NSW 2099
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
1
Income Risk
Execution Risk
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Market Insight
Dee Why presents a compelling yet nuanced coastal market, where strong demand for units contrasts with a softening house segment. Professionals and families are drawn by the beach lifestyle and accessibility to the city, fueling robust unit sales and rental growth. While the unit market shows significant momentum, the house market faces headwinds from broader affordability pressures and sensitivity to interest rates. Future growth will be underpinned by its enduring lifestyle appeal and high-density residential character, though supply constraints for houses and rate sensitivity remain key considerations for buyers.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
1991m²
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