27/17-21 Monterey Avenue, Banora Point NSW 2486
27/17-21 Monterey Avenue, Banora Point NSW 2486
North-facing townhouse | flood overlay detected | 117sqm floorplan | quiet complex near schools
This property presents a competitively positioned townhouse in a well-maintained complex, with its north-facing aspect and functional three-bedroom layout offering a clear advantage for natural light and liveability. The two-storey design with a private rear yard and low-maintenance grounds serves owner-occupiers seeking a balanced lifestyle, while the school catchment for Centaur Public and Banora Point High School strengthens its appeal to families. The 1996 build quality and NBN FTTP connectivity add supporting value, though the primary buying case rests on the configuration and positioning within a quiet, convenient pocket of Banora Point.
The detected flood overlay is the principal risk, requiring due diligence on insurance costs and historical flood behaviour before proceeding. However, this may also present a negotiating opportunity if comparable properties without the overlay command a premium. The land size is on a shared block, limiting subdivision potential but reducing upkeep. For a buyer comfortable with the flood overlay, the property offers a solid entry into a well-located complex with strong rental demand, supported by a weekly rent estimate of $770.
Detailed Independent Property Report prepared by PropCred Analyst team for 27/17-21 Monterey Avenue, Banora Point NSW 2486
Checks found:
Value Risk
✓
Liquidity Risk
✓
Planning Risk
✓
Income Risk
!
1
Execution Risk
!
1
Market Insight
Banora Point presents as a mature, high-demand coastal market, characterised by strong capital appreciation and a notably active sales environment. Demand is driven by its established residential appeal, attracting both owner-occupiers and investors, as evidenced by rapid sales and significant rental growth. The market exhibits robust price momentum across both houses and units, with conditions favouring sellers given low average days on market. Future growth is underpinned by sustained buyer interest and tight rental conditions, though the established price point may present an affordability constraint for some entrants.
PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
1
Land
2.34 acres
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