8/76 Bream Street, Coogee NSW 2034

Top-floor dual-level Art Deco | 3-bed 3-bath ocean views | Boutique block of eight | Renovated heritage by K.P.D.O. | Coogee Oval outlook to Wedding Cake Island This property occupies a rare configuration in a tightly held beachside enclave: a top-floor, dual-level apartment with only one common wall, offering the privacy and volume of a house within a boutique block of eight. The K.P.D.O. renovation of a c1910 heritage shell delivers a finished product that competes with new builds—pale oak, natural stone, Gaggenau kitchen—while retaining period character that commands premium in this market. For a buyer seeking a primary residence with strong capital growth potential, the combination of ocean views, low-density block, and high-end finishes creates a scarcity position that will outperform standard apartment stock. The auction format on 30 May will test demand, but the property is best suited to an owner-occupier who values design and location over pure yield. The flood overlay flagged in council checks is the primary risk; insurance premiums may be elevated, and resale pool could narrow slightly among risk-averse buyers. However, the building’s elevated position and heritage status suggest low actual exposure, and this should be verified via a flood certificate before bidding. The 76m² internal area is compact for a three-bedroom, but the dual-level layout and seamless indoor-outdoor flow mitigate this constraint. For an investor, the rental estimate of $1,545–$2,000 per week offers a gross yield below 3% at likely sale price, which is typical for prestige coastal stock—this is a hold-for-capital-growth proposition, not a cash-flow play. Use as a primary residence or long-term hold in a supply-constrained beach suburb.