12/56-58 Nicholson Parade Cronulla NSW 2230
12/56-58 Nicholson Parade Cronulla NSW 2230
Bayside apartment |Renovation potential |Opposite Gunnamatta Bay |Est. $1.9m value | 3 bed 2 bath 2 park fits downsizers or investors eyeing coastal upgrades. This three-bedroom apartment with two bathrooms and two parking spaces in a 13-unit bayside block suits buyers seeking a waterfront base for relaxed living or rental yield. Positioned directly across from Gunnamatta Bay and next to parkland, it delivers immediate water views and green space access without the upkeep of a house. In a street lined with similar apartments and occasional freestanding homes, it holds a practical edge for those prioritising bay proximity over street frontage. Similar three-bedroom units in the complex have traded between $412k in 2000 and $965k in 2019, reflecting steady capital growth tied to Cronulla’s coastal demand. Renovation here offers clear scope to lift value, given the generous scale and natural light filtering to the balcony. Long-term owners in the building, averaging 23 years tenure, signal reliable holding appeal amid limited supply of such direct bay positions. Buyers drawn to these are often sea-changers or locals trading down, valuing the short walk to Cronulla’s shops and beaches. Market behaviour shows resilience, with estimated values now around $1.9m underscoring its position in a premium pocket where bayfront scarcity drives enduring interest.
Detailed Independent Property Report prepared by PropCred Analyst team for 12/56-58 Nicholson Parade Cronulla NSW 2230
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
Income Risk
1
Execution Risk
1
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Market Insight
Cronulla is a unique beachside suburb within Sydney offering both lifestyle and strong infrastructure. Demand is driven by affluent owner-occupiers and investors. The market includes both houses and high-end apartments. Supply is constrained in premium locations. Rental demand is strong, including short-term accommodation. Growth is strong and supported by lifestyle and scarcity.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
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