401/679-685 Anzac Parade, Maroubra NSW 2035

2-bed, 2-bath Maroubra flat | 114m² internal | FTTP & gym | flood overlay present | off-market circa $1.04M This unit occupies a rare position in the Maroubra market: a genuinely spacious 114m² two-bedder with two bathrooms and a balcony, built in 1999 so modern enough to avoid the worst strata surprises. For a buyer seeking a liveable floorplan with separation, this is competitively strong against newer but smaller stock in the same suburb. The gym access and built-in robes add convenience, but the real edge is internal size — it functions closer to a small three-bedroom without the price premium. Best suited to a professional couple or downsizer who values space over a third bedroom, and who wants to hold in a suburb with solid long-term demand from families trading up from smaller units. The flood overlay is the primary risk — it may affect insurance premiums and resale speed in a slow market. The strata complex on an 854m² lot is modest, so levy history and sinking fund health must be verified before exchange; a poorly managed fund here could erode yield quickly. On the opportunity side, the off-market status means less competition and room to negotiate below the $1.04M estimate, especially if the vendor is motivated. The rental yield near 4.6% is respectable for the area, and FTTP supports working-from-home appeal. Hold this as a long-term owner-occupier or rent it out for steady cash flow — do not flip it.