5/31 Cavill Street, Freshwater NSW 2096

First-floor unit | dual balconies | north-east sun | lease to mid-2026 | walk to beach and village This unit presents a competitively strong proposition for an owner-occupier seeking a low-maintenance coastal lifestyle or an investor acquiring a tenanted property with immediate yield. Its fundamental strength is the aspect and light, with north and east-facing balconies providing all-day sun-a rare and valuable feature that enhances liveability and differentiates it from darker, south-facing units. The rear position in the block ensures privacy and quiet. The location is its primary advantage, placing the resident within walking distance of Freshwater’s core amenities, effectively embedding the property in high-demand lifestyle precinct. It best serves a buyer who values sunlight and proximity over modern interiors, given the original kitchen and bathroom, or an investor secured by a lease until mid-2026 aligned with the suburb’s 3.5% rental yield. The decision hinges on accepting dated finishes and a lease structure. The primary risk is capital requirement for eventual renovation to realise the unit’s full value, as original condition kitchens and bathrooms deter a segment of the market and cap medium-term price growth. The fixed lease until June 2026 provides income certainty for an investor but represents a timing cost for an owner-occupier. The absence of overlays simplifies the holding. Commercial logic favours holding this property for the long term to benefit from the immutable location and land value within the strata block, with a view to refurbish post-lease expiry. Acquire this unit for its positional and aspect virtues, tolerate its condition, and plan for its improvement.