60/24 Buchanan Street, Balmain NSW 2041

Garden-level apartment | wraparound terrace | no common walls | 176sqm internal | resort complex This property commands a rare structural advantage: a garden-level unit with no common walls, effectively functioning as a private terrace residence within a resort complex. The 176sqm internal area is unusually generous for a two-bedroom apartment, and the oversized courtyard and wraparound terrace extend usable living space beyond typical strata boundaries. For a buyer seeking apartment living without the compromises of shared walls or constrained floorplans, this configuration is competitively scarce in Balmain. The solid brick and concrete construction, gas kitchen, and ducted air conditioning are baseline expectations met; the real edge is the privacy and spatial volume. This suits downsizers or professionals who value interior space and outdoor connection over penthouse views. The primary risk is the $1.575m asking price relative to the 2022 sale of $1.35m, representing a 16.7% increase in four years in a market where apartment capital growth has been subdued. Quarterly strata of $2,216 is high for a two-bedroom and will compress net yield if rented. The heritage and flood overlays add future renovation constraints and insurance cost pressure. However, the rear position near White Bay and future Metro precinct offers long-term transport uplift, and the complex amenities—pool, spa, sauna, gym—differentiate this from older walk-ups in the same price band. The buyer should negotiate firmly toward the $1.45m range to build in a buffer, then hold for five to seven years to capture Metro-driven demand. Use as a primary residence; rental yield will be below 3.5% at current pricing.