5/321 Arden Street, Coogee NSW 2034
5/321 Arden Street, Coogee NSW 2034
Top-floor penthouse with 180-degree ocean views | Rare double parking in Coogee | House-sized layout in Art Deco block | Premium beachside positioning with strong demand
This property’s competitive advantage lies in its scarcity: a top-floor, north-facing unit with unobstructed ocean views from every room, a configuration rarely available in Coogee’s Art Deco stock. The 115 sqm internal layout, double parking, and recent high-end renovation remove the two most common compromises buyers face in beachside apartments—size and parking. For a buyer seeking a permanent residence or a high-end holiday home, this unit offers a semi-detached feel with only one common wall, reducing noise and increasing privacy. The location within 400 metres of the beach and near child-friendly parks makes it suitable for professionals, downsizers, or families wanting coastal living without sacrificing space.
The primary risk is the building’s 45% rental composition, which may affect owner-occupier financing or future strata harmony, though the small block of six units limits exposure. The 2023 sale at $2.115 million sets a clear floor, but the current market may require patience if bidding at auction does not align with vendor expectations. The opportunity is in the property’s dual parking and storage—rare in this area—which adds tangible utility and resale appeal. Hold this property as a long-term owner-occupied home or premium rental, capitalising on its irreplaceable views and position.
Detailed Independent Property Report prepared by PropCred Analyst team for 5/321 Arden Street, Coogee NSW 2034
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
1
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Market Insight
Coogee presents a sharply divergent market, with its premium house segment demonstrating exceptional capital growth, significantly outpacing broader Sydney. This demand is driven by robust competition for limited stock, evidenced by swift sales periods. In contrast, the unit market remains stable but subdued, with rental yields offering relative value. Future growth is anchored in sustained desirability and tight supply, though the market’s premium positioning inherently carries sensitivity to broader economic shifts.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
458m²
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