306/17-23 Merriwa Street, Gordon NSW 2072

306/17-23 Merriwa Street, Gordon NSW 2072
Prime Gordon location | ducted cooling and gas heating | strong rental yield potential | strata report essential before purchase This one-bedder presents a rare configuration in a tightly held North Shore pocket: a full 64mยฒ internal footprint with a separate car space and balcony, which is increasingly scarce in new developments. For a buyer seeking a low-maintenance foothold in Gordon, the ducted air conditioning, gas heating, and built-in robes mean the unit is genuinely liveable year-round without costly retrofits. It suits a professional downsizer or an investor chasing the 5.5% gross rental yield indicated by median estimates, particularly given the Killara High School catchment and Ku-ring-gai council area stability. The absence of recent sales data and the conflicting estimated values suggest a market that hasn’t fully tested this property’s price point, which is both a risk and an opportunity. Without a strata report, the buyer cannot assess sinking fund health or building defects in the 1.06-acre complex, and the $299 inspection fee is a non-negotiable cost of due diligence. If the strata is sound, this unit holds well as a long-term hold in a suburb with limited apartment supply, offering both rental income and capital preservation in a low-risk residential zone.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 306/17-23 Merriwa Street, Gordon NSW 2072
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Market Insight:

Gordon offers a blend of suburban tranquillity with strong city connectivity, appealing to established families and professionals. Demand is driven by this demographic seeking larger homes and accessible apartments, supported by high household incomes. The housing market has softened recently, while the unit segment shows resilience with positive rental yields. Future growth is underpinned by this sustained demand and a market position currently below its long-term trend, though sensitivity to broader economic conditions remains a noted consideration.
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PropCred Estimated Value

Bedrooms

1

Bathroom

1

Parking

1

Land

80mยฒ

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