13 Close Street, South Coogee NSW 2034
13 Close Street, South Coogee NSW 2034
4-bed house on 322m² | South Coogee coastal pocket | Tightly held family market | Auction clearance weak | Premium price point
This property occupies a genuinely competitive position within South Coogee’s family-home segment. A four-bedroom house on a 322.5m² lot offers the configuration most sought after by upsizers and young families, particularly given the established coastal character and strong school catchment. The suburb itself is tightly held, with limited turnover and a clear preference for renovated standalone homes. That scarcity supports durable demand, even when broader market conditions soften. The buyer this suits best is an owner-occupier prioritising location and layout over land size, likely trading up from an apartment or smaller terrace and prepared to pay for the security of a proven coastal address.
Price formation here may hinge on how the internal condition and presentation compare with the premium stock that has recently transacted nearby. A dated interior or modest finishes could place this property at the lower end of its realistic range, while any recent renovation or quality outlook would lift it meaningfully. The low auction clearance in the immediate street suggests buyer caution, so negotiation room may exist if interest is thin. Buyers should weigh the balance between land size and liveability, and consider what post-purchase spend might be required to bring the home to the standard the suburb commands.
|| Comparable Sales: 16 Close Street sold $6.825M; 12 Close Street sold $6.5M | Property Price Band: $5.3M–$5.5M | Value Drivers: land size, interior condition, street position
Detailed Independent Property Report prepared by PropCred Analyst team for 13 Close Street, South Coogee NSW 2034
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
Income Risk
Execution Risk
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Market Insight
South Coogee, a coastal enclave wedged between Maroubra and Coogee, sits 12.1km from the Sydney CBD. Demand comes from owner-occupiers drawn to beaches, parks and dining, plus investors chasing consistent growth and a 0.38% vacancy rate. House medians span $2.56m (Residex) to $4.65m (Property.com.au), with annual growth of 11–13.7%; units range $1.08m–$1.39m, up 6.92% annually. Houses sell within 20–34 days. Rental yields are modest at 1.86% for houses and 3.72% for units, with weekly rents of $1,950–$2,000 and $928 respectively. Prices are elevated after five-year gains of 36.3% (houses) and 24.7% (units); tight vacancy supports values, but high prices and low yields limit headroom and raise rate sensitivity.
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PropCred Estimated Value
Comparable Sales: 16 Close Street sold $6.825M; 12 Close Street sold $6.5M | Property Price Band: $5.3M–$5.5M | Value Drivers: land size, interior condition, street position
Bedrooms
4
Bathroom
2
Parking
2
Land
328m²
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