18/116-118 Chuter Avenue Ramsgate Beach NSW 2217

Upper-floor unit | leafy park views | solid brick block | 29-unit strata | flood overlay present This unit offers a competitive edge through its light-filled, spacious interior and direct park views within a solidly built, low-density block of only 29 units. The combination of two bedrooms, a garage, and a tranquil, leafy setting is well-suited for an owner-occupier seeking amenity or an investor targeting the stable 60% owner-occupied suburb profile. Its position in the school catchment for Ramsgate Public School further strengthens its appeal to a specific buyer segment. The primary investment risk is the flood overlay, which necessitates specialised due diligence on insurance premiums and potential future council regulations. The large 1650m² strata lot share, while suggesting generous grounds, requires scrutiny of capital works plans and strata levies. Proceed only after our property report validates the off-market comparable valuation and details all locality-specific risks, providing the commercial logic for a sound purchase. A direct comparable exists within the same block: Unit 11 recently referenced off-market at approximately $793,000. This provides a credible benchmark, suggesting the subject property’s estimated value must be justified by its superior positioning, likely as an upper-floor unit with the advertised park views.