5/91 Pacific Parade, Dee Why NSW 2099

Renovated 2-bed unit, Dee Why beachside | North-east balcony, XL living | Strong yield potential, strata block | 18% growth in 3 years, well-maintained The property presents a compelling buying case for those seeking a turnkey coastal residence with immediate lifestyle appeal and solid investment fundamentals. The designer renovation, including the XL living and kitchen with extensive storage, positions this unit above many in its price bracket, while the north-east facing balcony off both living and master bedroom is a rare configuration that maximises natural light and usable outdoor space. At 84–85 square metres internal, it offers generous proportions for a two-bedroom apartment, and the well-maintained 1968 block suggests lower risk of major capital works compared to older or poorly managed strata schemes. This unit serves owner-occupiers prioritising move-in readiness and beach proximity, as well as investors targeting strong rental demand in the Dee Why market, where median weekly rent of $895 supports a healthy yield relative to the estimated value range. The primary risk lies in the asking price being set below the estimated value range, which may indicate a strategy to attract multiple bidders at auction, potentially driving the final sale price above market expectations. Buyers should prepare for competition and have a clear bidding limit based on the $1.12–1.13 million estimated value. The off-market comparable at $1,042,000 within the same block provides a useful benchmark, though the renovated unit commands a justified premium. Opportunities include the potential for further capital growth given Dee Why’s ongoing demand and limited supply of renovated stock, while the NBN Fibre to the Curb and 5G coverage add practical appeal for remote workers. No overlay risks are present, and the property’s condition eliminates immediate renovation costs, making it a low-maintenance entry into a sought-after beachside market.