2/33 Dumbarton Street, Mcmahons Point NSW 2060

Harbourside suburb | one-bedroom flat | heritage character | strong rental yield potential | active listing with buyer interest This unit offers a rare combination of a secure garage and a private outdoor space in a tightly held harbourside suburb, where one-bedroom apartments command a median of $1.075m. The heritage overlay and original floorboards provide a character edge over newer stock, and the 48–64m² internal area is competitive for the segment. It suits an owner-occupier seeking a foothold in the lower North Shore or an investor targeting the high rental demand from professionals, given the 80% renter profile in the block and a $750pw rental estimate that implies a gross yield above 4% at the lower end of the price guide. The main risk is the heritage overlay, which may limit future renovations and add compliance costs. The 2009 last sale price offers no recent market anchor, and the off-market neighbour valuation of $876k suggests the upper price guide may require a premium for the garage and balcony. The 20% owner-occupancy rate in the block points to weaker capital uplift from renovations, but the strong local auction clearance rate and low unit count in the building support holding for steady rental income or as a long-term base in a suburb with limited new supply.