4/290 Shellharbour Road, Barrack Heights NSW 2528

Tenanted at $530pw covering holding costs | Council no flood/bushfire risk | 2br unit in small complex with single carport | $549k list price above comparable $497k nearby unit. The price premium over a near-identical unit in the same complex signals the seller is banking on recent upgrades and strong rental demand. The tenancy at $530pw provides a net yield near 5%, which supports the valuation if vacancy stays low but leaves limited upside for capital growth unless the local market moves. This is a hold-for-income property, not a quick flip—the risk is paying for the seller’s optimism rather than buying at market floor. What makes this unit competitively rare is its updated kitchen and bathroom with laundry combination, plus reliable NBN and 5G coverage—features that attract tenants and reduce deferred maintenance costs for an investor. For a first home buyer, the south-facing balcony and proximity to schools and beaches offer livability that smaller complexes rarely deliver at this price point. It suits an investor seeking immediate cash flow or a owner-occupier who values convenience over size. The market’s best offers are typically negotiated through direct agent engagement not advertised listings—contact Richard Cooper to test seller flexibility and secure terms that align with the income profile.