4/131 Boundary Street, Clovelly NSW 2031

Ocean views in boutique block | quiet elevated rear | blue-ribbon coastal enclave | low strata of six | no overlays This unit’s primary strength is its combination of a quiet, elevated position within a very small block and direct ocean views, a rare configuration in Clovelly’s tightly held market. The six-unit scale avoids the drawbacks of larger complexes, offering a sense of exclusivity and capital security typical for this prestige enclave. It best serves a buyer seeking a low-maintenance coastal residence or a hold property with reliable rental appeal, given its proven tenancy history and proximity to sheltered beach and parkland. The decision hinges on accepting a sub-3.5% gross rental yield against a near $2 million entry, with capital growth reliant solely on Clovelly’s broader market movement, as the unit itself lacks land leverage. The commercial logic is in holding it as a view-protected lifestyle position or a debt-light investment; it is not a value-adding opportunity. A prudent step is to commission a PropCred report to pressure-test the listed valuation against recent off-market sales and detail strata health, given the age of the building and potential for special levies.