34/3 Plunkett Street, Kirribilli NSW 2061

Waterfront rarity | 180-degree harbour aspect | Top-floor observation deck | Exclusive Kirribilli cul-de-sac This property’s competitive strength lies in its combination of a north-east harbour aspect, 130 square metres of internal space, and a position within a legacy medium-density waterfront building. For a buyer, the 180-degree views and top-floor common deck with Harbour Bridge sightlines create a scarcity that is difficult to replicate in the Kirribilli market. The three-bedroom layout with a spa bathroom and separate powder room suits a professional couple or downsizer seeking a primary residence with strong lifestyle credentials. The walking distance to Kirribilli Village, Milsons Point Station, and ferry services reinforces its convenience, while the heritage overlay on the property adds a layer of character that can support long-term value retention. The heritage overlay introduces a specific risk: any future renovations will require council approval, which can delay timelines and increase costs. The building’s 45% rental proportion may affect owner-occupier sentiment, though it does not currently undermine the property’s desirability. For a buyer, the opportunity is to secure a waterfront apartment with a proven sales history—last sold at auction in 2021—and a rental yield that supports holding costs if needed. Hold this property as a long-term residence or a stable income-producing unit in a market with limited waterfront supply.