504/121 Ocean Parade, Coffs Harbour NSW 2450

504/121 Ocean Parade, Coffs Harbour NSW 2450
3-bed unit larger than typical | beachfront opposite Pacific Towers | resort lifestyle appeal | fifth-floor coastal living | sold past, not currently listed A three-bedroom two-bathroom configuration is considered larger than the typical unit stock in this coastal market, placing this property in a more premium apartment segment. Its location directly opposite the beach within the Pacific Towers complex, which is described as offering resort facilities, is seen to attract owner-occupiers and sea-change buyers who value lifestyle proximity over standard investment metrics. The fifth-floor elevation may provide enhanced outlooks and reduced street-level activity compared to lower floors. This unit is best suited to buyers seeking a ready-to-occupy coastal apartment with a resort character rather than a purely rental-oriented holding. The property’s value may be influenced by the actual condition of internal finishes and the building’s age, which are best assessed through a physical inspection. Being in a multi-storey complex opposite the beach, the unit might be subject to higher exposure to wind and humidity, potentially affecting ongoing maintenance costs. The last known sale from 2018 provides a historical context, but forming a current price view will require comparison with recent transactions of similar quality units in the immediate area.
Detailed Independent Property Report prepared  by PropCred Analyst team for 504/121 Ocean Parade, Coffs Harbour NSW 2450
Checks found:
Value Risk ✕ 2
Liquidity Risk ✓
Planning Risk ✓
Income Risk ✕ 2
Execution Risk ✓
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Market Insight

Coffs Harbour is a high-income coastal hub with a diverse property mix, experiencing sustained demand from local buyers and regional sea-changers. The market has seen significant capital growth in recent years, with strong competition for well-priced houses. Future stability is linked to economic conditions, though underlying population growth and development capacity provide a solid foundation for the region.
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PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

1

Land

199m²

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
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