203/3 Parramatta Street, Cronulla NSW 2230
203/3 Parramatta Street, Cronulla NSW 2230
Premium 3-bed Orosi apartment | Tandem garage | High-end integrated finishes | South Cronulla coastal pocket | Downsizer-focused demand
This apartment is positioned within a boutique South Cronulla development, where high-end finishes are featured throughout. Integrated appliances, timber flooring, and a freestanding bath in the ensuite are offered, along with secure lift access and a tandem garage. That combination is rarely found in local stock, and a genuine indoor-outdoor feel is created by the oversized balcony. The property is best matched to downsizers and executives seeking a low-maintenance coastal unit, with the beach, village, and transport all within walking distance. A strong owner-occupier demand is expected for this type of premium apartment.
Value may be influenced by the lack of common resort facilities, with the building focused on security and understated luxury rather than amenities such as a pool or gym. The price might also be shaped by the limited private land associated with apartment ownership, although the balcony is substantial. Premium finishes and the tandem garage should be weighed against the potential for newer boutique supply emerging nearby.
Detailed Independent Property Report prepared by PropCred Analyst team for 203/3 Parramatta Street, Cronulla NSW 2230
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
1
Income Risk
2
Execution Risk
1
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Market Insight
Cronulla’s market pairs premium house pricing with a livelier unit segment. Median houses are $3.425 million (10.31% growth) or $3.3275 million (2.4%) depending on source; units are $1.116 million (6.29%) or $1.1415 million (13%). Houses take 42–51 days to sell, with 99–120 annual transactions. Rents are mixed: houses $750–$1,400 weekly, units $695–$700. Gross yields are 2.05% for houses and 3.14%–3.4% for units. Demand stems from a balanced owner-occupier/renter base, with 41% of owners mortgaged, plus the suburb’s coastal appeal and community. Town centre upgrades, new playgrounds, library, parking and sporting facilities underpin future growth. Risks include unit oversupply, which has historically reduced house price resilience during Sydney slowdowns. Early 2026 data places Cronulla below its long-term trend, signalling undervaluation.
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PropCred Estimated Value
Comparable Sales: 3/65-67 Parramatta St sold $1.34M; 3/54-56 Parramatta St sold $1.2M | Property Price Band: $1.3M–$1.4M | Value Drivers: premium condition, tandem parking, coastal location
Bedrooms
3
Bathroom
2
Parking
2
Land
1589m²
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