23/10 Goodwin Street, Narrabeen NSW 2101

First-floor north-facing unit | 300m to Narrabeen beach | Original condition requiring renovation | Blank canvas in established complex This unit presents a rare, unrenovated entry point into a tightly held beachside location, with its north-facing aspect and proximity to both the beach and the lake offering a fundamental lifestyle premium that underpins long-term demand. The two-bedroom, two-bathroom configuration is competitively strong for the complex and serves a specific buyer profile: either an owner-occupier seeking a coastal footprint with the intent to capitalise through renovation, or an investor acquiring a strategic holding in a high-amenity suburb where land supply is constrained. Its original state is the key feature, as it allows a purchaser to avoid paying a premium for another’s cosmetic choices and to add value directly through modernisation. The primary decision mechanism involves the flood overlay, which necessitates specific due diligence on insurance costs and potential future resale perceptions, directly impacting holding costs and liquidity. The opportunity lies in executing a cost-effective renovation to align the unit with recent sales in the complex, thereby capturing the value gap between its current guide and the renovated comparable prices. Given the demographic skew towards younger and middle-aged cohorts, the unit is best held as a long-term lifestyle asset or a yield-play with renovation upside; proceed only with a confirmed budget for improvements and a clear understanding of the overlay implications, otherwise the value proposition dissipates. Recent sales on Goodwin Street establish a clear value benchmark. Unit 22/24 Goodwin Street, a two-bedroom, one-bathroom layout, last sold for $820,000 in 2019 and now carries an estimated value of approximately $1.26 million. More tellingly, the one-bedroom unit at 23/24 Goodwin Street sold for $900,000 in late 2025. This transaction underscores the price density in the location and suggests that a well-presented two-bedroom, two-bathroom unit, post-renovation, should command a significant premium over the current guide, provided the renovation is executed to a standard commensurate with the area.