5/384 Ocean View Road, Ettalong Beach NSW 2257

Ocean View location | 2-bed unit on 153m² lot | Flood overlay present | 15-unit complex This unit presents a competitively strong land-to-asset ratio for its typology, with a 153 square metre lot providing rare sub-surface value in a coastal suburb. The configuration serves an owner-occupier seeking space or an investor targeting the sub-$600,000 entry point, insulated by proven rental demand. Its position within a small complex of fifteen mitigates strata extremes while the flood overlay necessitates specific due diligence. The primary risk mechanism is the overlay, requiring insurance cost verification and potentially limiting future capital growth relative to unencumbered properties. The December 2023 sale at $582,000 against a current guide near $720,000 signals aggressive vendor expectations. Acquire only after a professional flood assessment, and hold for long-term land value accretion rather than short-term trading. Recent sales establish a value benchmark: – Sold for $582,000 in December 2023. – Previously purchased for $250,000 in December 2012. This trajectory indicates solid long-term appreciation, though the current asking price demands a material premium over the recent transaction.