211/63 Ocean Parade, Coffs Harbour NSW 2450
211/63 Ocean Parade, Coffs Harbour NSW 2450
Ground floor | northerly aspect | direct pool access | short market time | high-turnover building
The ground-floor position with a northerly aspect and direct access to a 12-metre heated pool is a rare configuration in this building, giving this unit a functional advantage over upper-floor apartments that lack immediate outdoor connection. The internal floor area of 83m² is generous for a two-bedroom unit, and the listing price aligns closely with recent comparable sales in the building, including unit 216 at $520,000 and unit 204 at $528,000. This property is best suited to owner-occupiers seeking a lock-and-leave lifestyle near beaches and schools, or investors targeting the 40% renter pool in a building with 60% owner occupancy, which supports stable demand.
The main risk is the building’s high turnover, with 47% of owners holding for under three years, which may signal transient occupancy or maintenance concerns that could affect future resale liquidity. The broader Coffs Harbour unit market shows an average of 48 days on market and a median price of $528,500, so this listing is priced at the upper end of the range, leaving limited short-term equity gain. However, the northerly aspect and pool access are durable differentiators that should support above-average rental demand. Hold this property for at least five years to ride out turnover cycles and capture capital growth from the area’s 8.51% annual unit growth.
Detailed Independent Property Report prepared by PropCred Analyst team for 211/63 Ocean Parade, Coffs Harbour NSW 2450
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
Execution Risk
2
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Market Insight
Coffs Harbour is a high-income coastal hub with a diverse property mix, experiencing sustained demand from local buyers and regional sea-changers. The market has seen significant capital growth in recent years, with strong competition for well-priced houses. Future stability is linked to economic conditions, though underlying population growth and development capacity provide a solid foundation for the region.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
3087m²
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