3/1 Macpherson Street, Waverley NSW 2024

Flood overlay detected | Boutique block of eight | One common wall | 45% owner-occupied | 90m² internal This property carries a specific flood overlay risk, which may affect both insurance premiums and future resale liquidity, particularly for buyers relying on maximum borrowing capacity. The limited block size of eight units offers greater control over common property and body corporate levies than larger complexes, reducing administrative friction. For a buyer seeking a freehold-like experience within strata, this unit presents a viable hold-and-use proposition, but the flood overlay imposes a structural constraint on long-term value escalation. The north-east corner position with only one common wall is a rarity in Waverley, delivering light, privacy, and reduced noise transfer that typical apartments lack. At 90m² internal, this unit competes directly with semi-detached options in the suburb, offering comparable space without the land tax or maintenance burden. This property best serves a buyer prioritizing immediate liveability and low-maintenance occupancy over speculative short-term gains, particularly owner-occupiers or families seeking a home-sized unit near Queens Park. To proceed, instruct your conveyancing team to obtain a flood certification from Waverley Council and secure a full strata report to confirm the overlay’s practical implications on this specific lot.