2/87 Dee Why Parade, Dee Why NSW 2099
2/87 Dee Why Parade, Dee Why NSW 2099
3-bed beachside flat | larger-than-typical Dee Why unit | flood overlay noted | strong rental demand | owner-occupier leaning
This unit holds a clear competitive edge in Dee Why’s apartment market, where most stock is one or two bedrooms. The three-bedroom, two-bathroom layout with a single car space suits downsizers, small families, or professionals wanting beach proximity without a house. Its position on Dee Why Parade places it within walking distance of the beach and local amenities, which supports consistent buyer interest and rental appeal. The 107 m² internal size is generous for the area, and the 2021 sale at $1.575m indicates it trades at the higher end of local unit values, reflecting its rarity and functional layout. It serves buyers prioritising space and location over brand-new finishes.
The flood overlay is the most material factor to weigh, as it may affect insurance costs or future renovation flexibility. Strata living in an older block could involve variable maintenance levies, though no specific data confirms this. The unit’s value may hinge on its internal condition, floor level, and aspect, which are not detailed here. Rental estimates suggest strong income potential, but that should be verified. Buyers might also consider that the complex has seen a wide price range, implying differences in quality or views across units, so a physical inspection is essential to gauge how this particular apartment compares.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/87 Dee Why Parade, Dee Why NSW 2099
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
Income Risk
2
Execution Risk
1
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Market Insight
Dee Why is a high-density beachside suburb 19km from Sydney CBD, with apartments comprising over 60% of stock and a renter-majority population. Demand is driven by professionals, families and retirees seeking lifestyle, reflected in strong unit turnover (166 sales versus 17 houses) and rental growth of 5.2% for houses and 4.2% for units. House prices have fallen 7.1% to a median of $2.72m, with a 61-day selling period; units rose 12.6% to $1.075m, supported by a 4.0% gross yield against 2.5% for houses. Future growth hinges on transport links, schools and beach amenity, while key risks include affordability constraints, rate sensitivity given 57% mortgage ownership, and very limited house supply.
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PropCred Estimated Value
Comparable Sales: 1/87 sold $1.3M in 2017; 3/89 Dee Why Parade sold $2.39M | Property Price Band: $1.5M–$1.6M | Value Drivers: internal condition, floor level, flood overlay impact
Bedrooms
3
Bathroom
2
Parking
1
Land
767m²
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