4/22-28 O'Brien Street, Bondi Beach NSW 2026

Potential third bedroom via sunroom | original interiors need full renovation | 1975 strata building | strong rental demand but dated common property The decision to buy here depends on whether you can absorb the cost and disruption of a full internal renovation while paying strata levies for a building that may require future capital works. The enclosed balcony offers functional flexibility as a third room, but it will not add equivalent resale value to a genuine bedroom. This property suits an owner-occupier who will hold it long enough to recover the renovation spend or an investor confident in Bondi’s rental yield despite the dated common property. What makes this unit competitively rare is the 88 sqm internal footprint in a beachside location with secure parking, which is increasingly hard to find at this price point in Bondi. The original kitchen and bathrooms allow you to imprint your own style, but you must budget at least $100,000 to $150,000 for a quality update. This property works best for a buyer who values space in the building over turnkey condition and has the patience and capital to bring it forward. To validate your offer strategy, request the strata’s capital works fund balance and the most recent sinking fund forecast, then commission a building inspection before auction day