3/28 Murray Road, East Corrimal NSW 2518

2-bed, east-facing, 707m² lot | four-unit complex | no recent sales | shared driveway This townhouse presents a mixed decision. A 707m² lot within a four-unit boutique complex is a structurally rare holding in East Corrimal, but the risk mechanism sits in the body corporate: shared driveway and common area maintenance can erode capital gains if levies rise or disputes occur. The buyer pays for deferred strata upgrades at resale. On opportunity, the east-facing sundeck and hardwood floors command a premium over a typical unit, and a long-term hold with a tenant (rental midpoint $655pw) covers holding costs. The plain judgment: buy for land content and low-density living, but get strata records to price in future levy risk. Competitively, this property’s strongest feature is the 707m² land ratio-rare in a four-unit walk-up-giving the buyer positional strength over higher-density neighbours. The east-facing layout and recent bathroom/kitchen refresh remove immediate capex, while the large rear deck and single parking position it as a practical beachside starter or downsizer. It serves best a couple or investor seeking low-maintenance coastal access with space for a garden or pets. To confirm the value anchor, request copies of all strata minutes from the last 24 months and ask the agent for any off-market sale data from the complex-without these, the 2013 price of $270k is too outdated to rely on for current underwriting.