How Much Does It Cost to Live Opposite Coogee Beach in 2022? | WHAT DO YOU THINK, CHRIS? | Ep 115

  • 2 years ago

25/23-25 Vicar St Coogee

https://www.domain.com.au/25-23-25-vicar-street-coogee-nsw-2034-2017587585

We purchased for client (undisclosed price) for a little over $1m
Rent circa $850pw with cosmetic renovation 3.5%

PROS
• Brilliant location across the road from Coogee Beach
• Beachside block in a quiet cul-de-sac
• Dual street frontage
• Peaceful setting back from the street
• Sunny north aspect
• 2 double bedrooms with built-ins and an original bathroom
• Large north facing terrace
• Spacious living/dining
• Bright galley kitchen
• Private laundry room with storage
• Undercover access to secure parking, secure visitor parking
• Sunny common gardens with panoramic beach views
• A prime low-maintenance investment, high rental demand
• Ideal market entry with scope to renovate and add value
• Walk along the beach to Coogee Pavilion and Wylie’s Baths

CONS
• Not as much natural light as higher up apartments (common for ground floor properties however large terrace outweighs smaller balcony)
• Block of 30 however only 3 levels high and 6 apartments per entrance (pros of location outweigh bigger block)

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