15/154-156 The Grand Parade, Monterey NSW 2217

Renovated 3-bed bayfront apartment | East-facing, sun-drenched layout | Low building tenure turnover | Premium coastal walk-to-beach position The buying case rests on a rare configuration: a renovated three-bedroom apartment in a well-maintained bayfront complex, with 126 sqm of internal space and an east-facing orientation that maximises natural light. This floorplan and size are uncommon in the building, where recent sales have been for two-bedroom units, giving this property a clear competitive edge for downsizers or families seeking space without moving to a house. The freshly painted interiors, new floors, and open-plan living with outdoor connection reduce immediate maintenance costs and improve appeal to both owner-occupiers and investors. The location opposite Lady Robinson Beach, with direct access to parks, foreshore walks, and Brighton-Le-Sands amenities, supports strong rental demand and capital stability. This property suits buyers prioritising lifestyle convenience and a low-maintenance coastal home in a precinct where supply of larger apartments is limited. The primary risk is the building’s tenure profile: 30% of owners have held for three years or less, which may indicate some turnover pressure or less established owner-occupier sentiment. This is not a red flag but warrants attention to strata records for any upcoming special levies or building defects. The price guide of $1,100,000 aligns with recent comparable sales of two-bedroom units in the building, but the three-bedroom configuration is untested at this level in this complex, so the buyer should verify if the premium is justified by size and renovation quality. The opportunity lies in the lack of direct recent comparable sales for a three-bedroom unit here, which may allow negotiation if auction interest is subdued. FTTP internet is available, adding a practical convenience for remote workers but not a primary value driver.