2/313 Malabar RoadSouth Coogee NSW 2034
Property Details for 2/313 Malabar Rd, South Coogee
2/313 Malabar Rd, South Coogee is a 2 bedroom, 2 bathroom House with 1 parking spaces. The property has a land size of 414m2.
Last Listing description (December 2024)
An exceptional opportunity exists in a prime coastal address, this superb mixed-use property to be sold-in-one-line presents exciting scope for a range of business, residential and commercial endeavours within a high visibility row of buzzing shops.
Your opportunity to either owner occupy this stunning apartment and enjoy the views and location or lease out and benefit from the strong income growth.
The property currently comprises a completely renovated upper-level two bedroomapartment with a split-level layout offering beautifully renovated coastal interiors and capturing ocean views, premium quality finishes plus a courtyard and lock-up garage.
Boasting excellent foot-traffic, the lower level consists of a successful hair salon currently tenanted on a three years with a strong rental return.
Key selling features:
- Newly renovated split-level beachside two bedroom apartment with elevated ocean views
- Chic coastal aesthetic with engineered timber floors and crisp white walls
- Generous free-flowing living and dining areas flooded with natural light
- Streamlined stone kitchen, induction cooktop, premium quality appliances
- Well-proportioned bedroom appointed with built-in robe, bedroom/study
- Two stylishly appointed bathrooms, external laundry, single lock-up garage and own allotment of land with potential to build on (STCA)
- Total Land area: 414 Sqm (approx)
- Lower-level comprises successful hair salon with excellent rental return
- Superb opportunity to reside in apartment and receive passive income of $40,000 per annum
- Only a 15-min walk to Maroubra Beach, close to schools, shops/caf?s at doorstep
- Pre lodgement DA and plans in place for a three apartment development with parking
Property History for 2/313 Malabar Rd, South Coogee, NSW 2034
- 18 Nov 2024Listed for Sale Auction
Recent sales nearby
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About South Coogee 2034
The size of South Coogee is approximately 1.2 square kilometres. There are 12 parks, covering nearly 9.4% of the total area. The population of South Coogee in 2016 was 5502 people. By 2021 the population was 5611 showing a population growth of 2.0% in the area during that time. The predominant age group in South Coogee is 50-59 years. Households in South Coogee are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in South Coogee work in a professional occupation.In 2021, 49.40% of the homes in South Coogee were owner-occupied compared with 45.30% in 2016.
South Coogee has 2,609 properties. Over the last 5 years, Houses in South Coogee have seen a 1.23% increase in median value, while Units have seen a -0.51% decrease. As at 31 July 2026:
- The median value for Houses in South Coogee is $3,800,169 while the median value for Units is $1,388,042.
- Houses have a median rent of $1,950 while Units have a median rent of $1,025.
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