8 Koongara Street, Toowoon Bay NSW 2261
8 Koongara Street, Toowoon Bay NSW 2261
4 bedrooms, 3 bathrooms, 3-car secure garage on a 789m² rectangular lot. Elevated at 22m with a swimming pool and multiple living zones. Built in the late 1990s as an original coastal cottage with recent updates.
This property holds a rare position in Toowoon Bay due to its generous 789m² lot, which is larger than many contemporary subdivisions in this coastal suburb. The combination of four large bedrooms, three bathrooms, and a secure three-car garage makes it a strong fit for families seeking space and practical living. The elevated site at 22m provides a sense of openness and coastal exposure, while the swimming pool and expansive outdoor area enhance its appeal as a lifestyle property. It serves well for buyers who value a larger land holding in a boutique coastal setting, where newer developments often trade lot size for modern finishes.
The flood overlay on this property is a material factor that may influence both value and insurance costs. While the elevated ground level at 22m suggests the risk could be limited, the overlay may narrow the buyer pool or affect financing terms. The 1998 construction era means the house might require updates to match the modern standards seen in newer builds, such as air conditioning or solar panels. A buyer should weigh the price position against these factors, as the larger lot and coastal location offer genuine upside, but the age and flood risk may cap appreciation compared to fully updated or flood-free alternatives.
Detailed Independent Property Report prepared by PropCred Analyst team for 8 Koongara Street, Toowoon Bay NSW 2261
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
2
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Market Insight
Toowoon Bay is a tightly held coastal enclave, characterised by an established, mature demographic with deep tenure. Demand is driven by professionals and managers seeking premium beachside residences, underpinned by the suburb’s coastal appeal and proximity to amenities. Recent market conditions reflect a notable price correction and low transactional volume, indicating a period of recalibration. Future growth remains intrinsically linked to its coastal location, though the market faces headwinds from high entry prices and sensitivity to broader economic conditions.
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PropCred Estimated Value
Bedrooms
4
Bathroom
3
Parking
3
Land
789m²
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