3/24-28 Portland Cres, Maroubra NSW 2035
3/24-28 Portland Cres, Maroubra NSW 2035
renovated dual-level townhouse | north-facing courtyard | beach proximity 1km | potential third bedroom reconfiguration
This property presents a compelling buying case for those seeking a low-maintenance townhouse within walking distance to Maroubra Beach. The dual-level layout with two ensuites and two outdoor entertaining areas is rare in a boutique complex of only 17 units, and the north-facing orientation ensures natural light throughout the day. The recent quality renovations mean the buyer can move in immediately without additional capital expenditure, which is a significant advantage in a market where many comparable properties require updating. The property is best suited to owner-occupiers who value beachside lifestyle and low-maintenance living, or investors targeting the premium rental market given the estimated yield of $995 per week.
The flood overlay detected on the property is the primary risk and warrants a thorough review of the strata report and insurance implications before proceeding. However, the potential to reconfigure the oversized second bedroom into a third bedroom and separate bathroom offers a clear value-add opportunity that could increase both resale value and rental appeal. The predominantly owner-occupied complex suggests stable community dynamics, though the 55% rental profile in the street indicates some tenant turnover. The property’s position within sought-after school catchments and proximity to retail amenities provides a buffer against market fluctuations, making it a defensible purchase in the current cycle.
Detailed Independent Property Report prepared by PropCred Analyst team for 3/24-28 Portland Cres, Maroubra NSW 2035
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
2
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Market Insight
Maroubra is an established blue-chip suburb with strong eastern suburbs appeal. Demand is driven by a mix of families and investors, with particular interest in units for their relative affordability and stronger rental yields. While the house market has softened, reflecting broader affordability pressures, the unit segment demonstrates resilience with solid growth. Future prospects are underpinned by its desirable coastal lifestyle and connectivity, though sensitivity to broader market conditions remains a key consideration for high-value house purchases.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
1601m²
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