12/45 Palomar Parade Freshwater NSW 2096

Top-floor double brick | 1-bed in 19-unit strata | Flood overlay present | Long-term resident majority This unit’s top-floor position and double-brick construction in a small, stable complex offer a rarity for a one-bedroom apartment, providing superior acoustic privacy and a sense of solidity uncommon in modern builds. It best serves an owner-occupier seeking a quiet, low-maintenance home or an investor targeting the reliable rental demand indicated by strong school catchments and proximity to key amenities. The established resident base suggests a well-maintained, conservative strata culture. The primary financial risk is the flood overlay, which may elevate insurance premiums and necessitate specific due diligence. The recent comparable sale at $630,000 validates the current asking range, while the 2016 purchase price underscores significant historical capital growth. Acquire this property as a long-term hold, leveraging its structural virtues and location. A PropCred report would precisely pressure-test the strata health, quantify flood-related holding costs, and provide an independent valuation to anchor your negotiation. Recent sales within the same building provide a clear value benchmark: – 17/45 sold for $630,000 (Sep 2024) – 1/45 sold for $575,000 (Apr 2025) – 6/45 sold for $440,000 (date unspecified) This trajectory supports the vendor’s current price guide, with the subject unit’s top-floor premium justifying a position toward the upper end of that range.