Little Cove - an exclusive address in Noosa Heads given its proximity to Little Cove Beach, the National Park, and the action of Hastings st. There is a relatively low amount of houses and apartments compared with surrounding areas and it is tightly held. This scarcity provides support for capital values.
5/7 Mitti is positioned up one small flight of stairs on the northern side of the Naousa II apartment complex (one of 12 units in the complex). It enjoys plenty of northern sun and ocean glimpses through the tree line. 3 good sized bedrooms with 2 bathrooms and kitchen renovated within the last 10 years or so. A fantastic low maintenance holiday base for a family and with holiday lease approval - a very attractive proposition to generate yield in and around when you are not using yourself. There is a vacant block in front of the apartment on Alderly Terrace. This allows for ocean glimpses. There are currently no plans in place for development. But if and when this site is developed these views will be impacted. Though given height restrictions 5/7 Mitti will still enjoy northern natural light. It's all about the position and getting into Little Cove for a nice 3 bedder at this price - there are very rarely options like this available. Since the start of 2022, and within 500m of this property, there are just four recoded transactions of 3 bedroom apartments changing hands for under $3m. And one of these was when this exact property last sold for $2.3m in January of 2022.
- Rare offering at this price point within exclusive Little Cove location -close proximity to beach national park Hastings st
- Low maintenance holiday base with short-term rental approval
- Northern orientation with ocean glimpses
- Vacant block in front on Alderly Terrace will likely be developed one day
- One (small) flight of stairs up to apartment
- Parking at busy times could be challenging on the street (though the apartment has dedicated underground parking for its residents)
Buyers Agent
