FOR SALE
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11A Marcel Avenue
Coogee NSW 2034

Bedrooms: 8
Bathrooms: 4
Car spaces: 6
Land area: 789.6m2
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Block of 4 Semi-Sized Character Apartments in Prime Eastern Suburbs Location

This is a rare investment and lifestyle opportunity in Sydney's Eastern Suburbs. Whether you're looking to occupy and earn rental income, hold for investment, or explore redevelopment potential, this property offers unmatched value and flexibility.
Presenting an exceptional and rare opportunity to acquire a full block of character apartments in a premium location, offered to the market for the first time in over 62 years. Perched on an elevated 789.6 sqm (approx.) block with a wide 25.91-meter frontage, this property offers incredible versatility for owner-occupiers and investors alike. This property is the perfect solution for those seeking an affordable alternative to a house.
Property Highlights:
• Four semi-sized apartments: Each apartment includes 2 large bedrooms plus a spacious sunroom/office space, ideal for modern living needs.
• Occupy and rent for additional income: Live in one apartment and rent the others for a steady income stream, currently generating approx. $180,000 per annum.
• Charming character features: Each apartment boasts classic features with large terraces and balconies and separate entrances, enhancing privacy and appeal.
• Updated eat-in kitchens: Recently refreshed kitchens provide functionality and a modern touch while preserving the charm of this character property.
• Ample Parking: Includes 2 lock-up garages plus additional off-street parking for 4 cars.
• Development Potential (STCA): Set on a substantial parcel of land, this property holds excellent redevelopment potential (subject to council approval), offering an exciting opportunity for capital growth.
• Premier Eastern Suburbs Location: Nestled near Clovelly Village, Coogee Beach, and Clovelly Beach, with easy access to public transport, shopping, and dining.
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Property Details for 11a Marcel Ave, Coogee

11a Marcel Ave, Coogee is a 8 bedroom, 4 bathroom BlockOfUnits with 6 parking spaces. The property has a land size of 789.6m2. The place is currently for sale with Home Estate Agents.

Building Type
BlockOfUnits
Land Size
789.6m2

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About Coogee 2034

The size of Coogee is approximately 2 square kilometres. It has 14 parks covering nearly 19% of total area. The population of Coogee in 2011 was 14,012 people. By 2016 the population was 15,212 showing a population growth of 8.6% in the area during that time. The predominant age group in Coogee is 30-39 years. Households in Coogee are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Coogee work in a professional occupation. In 2011, 45.7% of the homes in Coogee were owner-occupied compared with 43.6% in 2016.

Coogee has 8,984 properties. Over the last 5 years, Houses in Coogee have seen a 71.26% increase in median value, while Units have seen a 29.67% increase. As at 31 October 2024:

  • The median value for Houses in Coogee is $4,419,794 while the median value for Units is $1,461,503.
  • Houses have a median rent of $1,050 while Units have a median rent of $895.
There are currently 24 properties listed for sale, and 25 properties listed for rent in Coogee on OnTheHouse. According to CoreLogic's data, 350 properties were sold in the past 12 months in Coogee.

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