18/10 Henrietta Street, Waverley NSW 2024

Top-floor north-east aspect | Ocean outlook | Renovated finish | Lift access | Premium Waverley block This is a competitively rare configuration in a tightly held coastal block. The top-floor position combined with north-east orientation and ocean outlook creates a scarcity premium that most apartments in the building do not share. For a buyer, the renovated interior removes immediate capital outlay, while lift access and parking broaden appeal to downsizers and professionals who prioritise convenience. The property sits in a suburb where median unit values exceed $1.2 million, and recent sales in the same complex confirm strong price growth. It is best suited to an owner-occupier seeking a low-maintenance coastal home with enduring appeal. The principal risk is that the single bathroom limits family buyer demand and may compress exit options in a softer market. The 2019 purchase price of $487,500 is no longer relevant; comparable units in the building have transacted above $1.45 million, indicating substantial capital growth that may not repeat at the same pace. However, the building’s trophy status and rental demand for two-bedroom apartments at over $1,000 per week support a logical hold strategy. Buy for lifestyle and long-term capital stability, not short-term flipping.