24 The Boulevarde, Mullaway NSW 2456

24 The Boulevarde, Mullaway NSW 2456
2 bed 2 bath on 700m² in Mullaway | beachside coastal house | bushfire overlay | FTTN broadband | $670/week rent potential A compact coastal house on a 700m² block in Mullaway’s tightly held beachside pocket, this property is uncommon in its low site coverage and modest footprint. With around 148m² of building, only 21% coverage, and a two-bedroom, two-bathroom layout, it is suited to sea-change downsizers, couples, or investors seeking a low-maintenance home near the beach. Rental potential is estimated at around $670 per week. No flood or heritage constraints have been identified, although a bushfire overlay applies. Its main attractions are its beachside character and manageable size for lifestyle buyers rather than those needing maximum family space. The bushfire overlay may need to be factored into insurance costs and any future building work. Extension or redevelopment may be possible given the low site coverage, which could influence value for a buyer with long-term plans. FTTN might be seen as a limitation, but it is not a significant price factor in this coastal market. Coastal maintenance should be weighed.
Detailed Independent Property Report prepared  by PropCred Analyst team for 24 The Boulevarde, Mullaway NSW 2456
Checks found:
Value Risk 2
Liquidity Risk 2
Planning Risk
Income Risk 2
Execution Risk
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Market Insight

Mullaway, a small coastal suburb in the Coffs Harbour region, has minimal house turnover with 7–9 sales per year. Demand comes from higher-income households, weekly income 22.7% above regional average, buying 3–6 bedroom homes; recent sales ranged $950,000–$1,750,000. Median house price is $930,000–$944,000, with gross yields near 3.4% and weekly rents $570–$620. Supply is volatile: stock on market jumped 66.67% year-on-year, to five listings last month. Growth drivers include coastal lifestyle and local purchasing power; constraints are a single primary school, low sales volume, and high entry prices.
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PropCred Estimated Value

The property last traded in September 2024 at $1,810,000. Applying current value guidance and a modest uplift, a reasonable price band is approximately $1,955,000 to $2,160,000.

Bedrooms

2

Bathroom

2

Parking

4

Land

700m²

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
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