3/17 Carr Street, Coogee NSW 2034

Boutique block of 6 | 2 blocks to Coogee Beach | Cross ventilation & balcony | Flood overlay present This unit’s primary strength is its positioning within a small, well-located block mere minutes from the beach, offering a scarcity premium in a market dominated by larger complexes. The open plan living with cross ventilation and a covered balcony aligns with coastal lifestyle demand, serving owner-occupiers seeking low-maintenance proximity to amenities or an investor targeting the strong rental profile indicated for Coogee. The boutique scale typically implies lower strata overhead and greater exclusivity than high-rise alternatives, solidifying its appeal. You must underwrite the flood overlay cost through specific due diligence on insurance premiums and potential excesses, as this directly impacts holding costs and resale liquidity. The discrepancy in internal area reporting requires physical verification against strata plans. Acquire this property for lifestyle holding or as a yield-supported investment, not for speculative land value gain, given its strata title structure. Our report would pressure-test the listed valuation against true comparable sales and detail locality-specific flood risks and strata health. Sold 3 Sep 2021 for $1,505,000. This prior sale establishes a base, suggesting the current price range reflects modest capital growth over the period, consistent with a well-located, established unit in a stable market.