24/2 Cherry Street, Warrawee NSW 2074
24/2 Cherry Street, Warrawee NSW 2074
Top floor | three bedrooms | lock-up garage with storage | tightly held pocket near Turramurra village
This property occupies a rare position in a low-rise brick complex that sits on just over an acre of shared grounds, giving it a garden-adjacent feel uncommon for a unit. The top-floor configuration eliminates noise from above and the freshly painted interior reduces immediate outlay. For a buyer seeking a low-maintenance home with genuine separation between bedrooms and living zones, the 126-square-metre floor plan works well. The catchment for Warrawee Public School within half a kilometre adds long-term appeal for families, while the short walk to rail and shops suits downsizers or professionals. The lock-up garage with storage is a practical edge over many competitors in this bracket.
The main risk is the auction format in a market where buyer sentiment can shift quickly. The 2014 sale at $860,000 and the wide estimate range from $1.01 million to $1.7 million suggest the property has appreciated but not at a runaway pace. There is no heritage or overlay constraint, which preserves renovation flexibility. The rental yield around 3.94 percent is modest but the location in a tightly held pocket near a village centre supports capital stability. Hold this property as a long-term residence or a low-fuss investment with school catchment demand as the primary buffer against softer periods.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 24/2 Cherry Street, Warrawee NSW 2074
Market Insight:
Warrawee is an established Upper North Shore suburb experiencing a significant market correction, with house prices under considerable pressure. Recent sales activity indicates demand persists for premium properties, though overall volume remains low. The market is currently characterised by a constrained rental supply and a clear buyer’s advantage, with houses taking approximately a month to sell. Future performance will hinge on broader economic conditions and the suburb’s enduring appeal to upsizers seeking its tranquil setting and connectivity.