32/7-11 Collaroy Street Collaroy NSW 2097

Rare 276m² strata land |3-bed apartment with 5 parks |Beachside rarity in undervalued cycle |Suits downsizers or investors eyeing growth|This three-bedroom apartment on a 276m² land holding with five parking spaces fits buyers seeking substantial space in a coastal strata setting. The expansive land size sets it apart from typical apartments in the area, offering practical scope for flexible living or potential reconfiguration within zoning limits. In a street and suburb dominated by smaller units amid houses, this property occupies a unique niche for those wanting apartment convenience without sacrificing land or parking. It appeals to downsizers from larger homes who prioritise beach proximity and storage, or investors leveraging the current undervalued market phase. Similar larger apartments have shown resilience, with recent unit growth at 4.5% quarterly in Collaroy, outpacing some house segments. Low development activity locally constrains new supply, bolstering demand for established holdings like this. Long-term, the 6% historical CAGR supports holding value, especially as population stability reduces competition for premium existing stock. Rental yields around 2.9% for units provide steady income potential in a low-vacancy environment. Overall, its scale and attributes position it for appreciation as the market stabilises.