1105/3 Network Place, North Ryde NSW 2113

1105/3 Network Place, North Ryde NSW 2113
2-bed, 2-bath, 1-car | 115mยฒ internal | Built 2018 | Owner-heavy complex | 5.67% rental yield estimate This unit offers a rare configuration edge in North Ryde: a genuine 115mยฒ internal footprint with a dedicated study, placing it well above the typical 2-bedder in the complex. The 2018 build eliminates major maintenance concerns, and the 65% owner-occupancy signals a stable, well-managed building that holds value better than investor-heavy towers. For a buyer seeking a low-maintenance home with genuine space to work from home, this property provides a liveable floorplan that competes with older, larger apartments in the area. The primary risk is the marketโ€™s current caution,zero auction clearance and 47-day average days on market suggest you can negotiate below the $900k 2023 sale price. The buildingโ€™s 35% rental cohort and slow annual growth (0-2%) mean capital gains will be modest; this is a hold for cash flow, not a flip. Opportunity lies in the strong rental yield (5-6.76% in the complex) and the FTTP NBN as a supporting value-add for remote workers. Hold this property for stable, tenant-backed income and lifestyle utility, not speculative appreciation.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 1105/3 Network Place, North Ryde NSW 2113
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Market Insight:

North Ryde presents a dual market, with houses demonstrating robust capital appreciation while units face significant headwinds. Demand is underpinned by consistent transactional volume and strong household incomes, suggesting a stable owner-occupier base. The house market is appreciating solidly, though a slower sales velocity indicates selective buyer caution. Future growth is linked to its established connectivity, but the stark divergence between asset classes and the unit market’s correction pose clear valuation risks.
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PropCred Estimated Value

Bedrooms

2

Bathroom

2

Parking

1

Land

2380mยฒ

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