1/18 Athanasiou Rd, Coconut Grove is a 2 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1998. The property has a land size of 224m2 and floor size of 82m2. While the property is not currently for sale or for rent, it was last sold in February 2025.
Discover a fantastic investment opportunity with this beautiful 2-bedroom nestled in seaside suburb Coconut Grove.
Currently leased until March 2025 at $460 per week, this ground-floor unit offers immediate rental income alongside a range of desirable features, including a private courtyard perfect for outdoor relaxation and entertaining.
Inside, the open-plan living area is bright and welcoming. The modern kitchen featuring an island bench, ample storage, and stylish fixtures. Both generously sized bedrooms include sliding built-in wardrobes, maximizing space and functionality, while split system air conditioning ensures comfort all year round.
For privacy and security, the gated porch and communal gated parking with intercom access offer peace of mind. Residents also enjoy access to the complexs sparkling swimming pool.
Features:
Leased until March 2025 at $460 per week
Ground-floor apartment with private courtyard
Spacious open-plan living, dining, and central kitchen
Modern kitchen with island bench
Large bedrooms with built-in wardrobes
Split system air conditioning throughout
Gated communal parking, intercom, & security access
Access to a sparkling swimming pool
Prime location close to shopping, dining, and transport
With a strong lease in place, this Coconut Grove gem offers a blend of investment stability and future potentialdont miss this unique opportunity!
Council Rates: $1,750 Approx. per annum
Area Under Title: 224m2
Year Built: 1997
Status: Leased until March 2025
Rental Estimate: $460pw
Body Corporate: Elite Strata Management
Body Corporate Levies: Admin $1,204 qtrly approx./ Sinking Fund $393 qtrly approx.
Vendors Conveyancer: Aquarius Conveyancing
Easements as per title: None Found
The size of Coconut Grove is approximately 1.7 square kilometres. There are 8 parks, covering nearly 22.6% of the total area. The population of Coconut Grove in 2016 was 3050 people. By 2021 the population was 2892 showing a population decline of 5.2% in the area during that time. The predominant age group in Coconut Grove is 30-39 years. Households in Coconut Grove are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Coconut Grove work in a professional occupation.In 2021, 36.30% of the homes in Coconut Grove were owner-occupied compared with 37.40% in 2016.
Coconut Grove has 1,866 properties. Over the last 5 years, Houses in Coconut Grove have seen a 38.76% increase in median value, while Units have seen a 34.21% increase. As at 30 April 2026:
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