304/8 Marian Street, Killara NSW 2071

3 beds, 2 baths, 2 car spaces | 173 sqm in a boutique low-rise | 250m to Killara station | New luxury build with downsizer appeal | No prior sale history. This property is a rare configuration in a tightly held suburb: a genuine three-bedroom apartment with two secure car spaces and a substantial 173 sqm internal area, placing it in direct competition with townhouses for downsizers and lock-and-leave buyers. The boutique low-rise format, combined with a 250-metre walk to Killara station and the Upper North Shore’s premium school catchment, gives it strong positional advantage over larger developments. The new-build status means full depreciation benefits and no immediate maintenance liabilities, which improves after-tax holding cost for an owner-occupier or investor focused on long-term capital stability. The key risk is price discovery for a new development with no prior sale history, meaning the buyer is paying a premium for the novelty and finishes without a comparable sales set to anchor value. The estimated $2.5 million range sits at the top end for apartments in Killara, and if the development has 31 rather than 28 residences, there may be more similar stock competing at resale. The opportunity lies in securing a property that functionally replaces a house for a family downsizer, which supports future demand. Hold this as a core residential property with a five-to-ten-year horizon, prioritising location and layout over short-term capital growth.