15/14-16 Queens Parade, Newport NSW 2106

North aspect over parkland | true three-bedroom in a flat | renovated with garage | strong recent building sale | short walk to water The buying case rests on a renovated three-bedroom flat with a north/east aspect overlooking Trafalgar Park, two balconies and a lock-up garage with internal access , a rare configuration in this price band. The recent sale of Unit 14 at $1,700,000 with 32% annual growth confirms strong building demand and resale confidence. This property suits downsizers or young families wanting a low-maintenance footprint with direct park access, short walk to The Newport and marina, and catchment for Newport Public School. The light-filled interior, Caesarstone kitchen and air conditioning throughout reduce immediate capital spend. The main risk is the 38% auction clearance rate across Newport, indicating a softer market where overpricing may extend days on market. The owner/renter split at 55% owners suggests moderate rental competition if you later lease, but the $1,000 weekly rent estimate provides a 3.1% gross yield , below typical investment thresholds. No flood or bushfire overlays reduce insurance cost, though 16 units in the block means strata levies should be checked. Hold for owner-occupation or a long-term hold; the park frontage and garage with internal access are the durable edges.