2/136 Marine Parade, Coolangatta QLD 4225
2/136 Marine Parade, Coolangatta QLD 4225
Large three-bedroom apartment | Owner-occupier building | 217sqm internal | Premium Coolangatta beachside
This property presents a rare configuration in Coolangatta’s apartment market. The 217sqm internal area is unusually generous for a three-bedroom unit, placing it in direct competition with smaller houses or townhouses in the suburb. The building’s 100% owner-occupier profile signals low turnover and a well-managed block, which reduces the risk of rental noise or investor neglect. For a buyer seeking a permanent coastal home or a downsizer wanting single-level living without sacrificing space, this property offers a clear positional advantage over newer developments where internal areas are typically compressed.
The primary risk is price expectation relative to the 2018 sale history. The estimated value of $2.789m implies near-doubling in six years, which may not be supported by current market conditions given the 50% auction clearance rate for three-bedroom units in Coolangatta. The buyer should verify whether the 217sqm includes balcony area, as this materially affects the usable internal value. Body corporate levies and any upcoming capital works are critical unknowns. The property is best held as a long-term owner-occupied residence, where the lifestyle amenity and scarcity of floor plan will underpin resale demand. If considering investment, rental yield will be modest given the price point, so capital growth is the primary return driver.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/136 Marine Parade, Coolangatta QLD 4225
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
2
Income Risk
2
Execution Risk
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Market Insight
Coolangatta is a premier coastal suburb experiencing robust demand from interstate buyers seeking a relaxed lifestyle, consistently outstripping limited supply. This has driven strong price appreciation across both houses and units, supported by a tight rental market with low vacancy. Future growth is underpinned by ongoing infrastructure enhancements and its airport proximity, though interest rate sensitivity and constrained new supply present key market constraints.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
626m²
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