4/9 Shellcove Road, Kurraba Point NSW 2089
4/9 Shellcove Road, Kurraba Point NSW 2089
This is a 2-bedroom, 1-bathroom flat apartment with approximately 109 square metres of internal space in a tightly held waterfront building of just seven residences. It has no allocated parking and sits within a heritage-listed area with a private, sunny outlook to lawn and garden.
What is competitively strong about this property is its rarity within a tightly held, low-density waterfront building in a heritage-listed suburb. The generous internal area, high original ceilings, and private garden outlook offer a level of space and tranquility uncommon in apartment living. This property is best suited to a buyer prioritising location, character, and a quiet, established setting over parking convenience or modern finishes. Its position within Kurraba Point places it among a mix of waterfront villas and older low-rise flats, where this unit’s configuration is slightly below typical stock in terms of parking but above average in exclusivity and land share.
What might materially affect the value or sale price of this property is the absence of parking, which could narrow the buyer pool and influence price negotiations. The heritage restrictions may also limit potential for renovations or extensions, which a buyer should consider when forming a view on long-term flexibility. Conversely, the shared land holding of over 1,000 square metres and the building’s low turnover could support capital growth, though this is not guaranteed. The older construction, while adding character, may require future maintenance that a prospective owner should factor into their overall cost assessment.
Detailed Independent Property Report prepared by PropCred Analyst team for 4/9 Shellcove Road, Kurraba Point NSW 2089
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
2
Execution Risk
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Market Insight
Kurraba Point presents a complex and currently volatile market, positioned as a middle-class professional enclave. Recent price trends indicate significant downward pressure, particularly within the unit segment, suggesting a market in correction. Demand is anchored by a core demographic of working professionals, though this has not insulated values from sharp declines. Key risks centre on this demonstrated price sensitivity and affordability constraints following the substantial devaluation, while future stability will depend on the suburb’s ability to retain its professional base amidst these challenging conditions.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
-
Land
1063m²
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