18/44-46 Melrose Parade, Clovelly NSW 2031
18/44-46 Melrose Parade, Clovelly NSW 2031
2-bed north-facing courtyard apartment | renovated beachside position | stable 50/50 ownership mix | strong building sale history at $1.735M
A north-facing courtyard is a genuinely rare feature in Clovelly apartment stock, giving this two-bedroom unit an outdoor dimension most equivalents lack. The property has been upgraded to a contemporary standard, and its position between Clovelly Beach and Gordons Bay places it in a tightly held beachside pocket where supply is naturally limited. The building itself shows a balanced owner-occupier and renter split with an average tenure over eight years, which suggests a stable community rather than transient investor stock. It is best suited to owner-occupiersโcouples or downsizersโwho want established beachside living with private outdoor space and are willing to trade internal size for location quality.
The value of this property may be shaped by how its finishes compare to the recent building sale, which represented a strong price point. Without confirmed floor level or common-area amenities like lift or secure parking access, buyer appeal could narrow slightly depending on personal requirements. The apartmentโs internal area is reported differently across sources, so the usable space should be physically verified. Building age is not stated but is likely established, meaning future levy obligations or upgrade costs might warrant attention when forming a price view
Detailed Independent Property Report preparedย by PropCred Analyst team forย 18/44-46 Melrose Parade, Clovelly NSW 2031
Market Insight:
Clovelly is a premium coastal suburb defined by its exceptional lifestyle and proximity to the city, attracting established families and professionals. Demand is driven by its desirability, resulting in a competitive market with strong long-term capital growth for houses, though the unit segment shows recent volatility. Future prospects are anchored in its enduring appeal, yet high price points and sensitivity to broader market conditions present inherent affordability and investment constraints.