5 Dunara Gardens, Point Piper NSW 2027

5 Dunara Gardens, Point Piper NSW 2027
4 bed house on 662mยฒ | 4 car spaces and a pool | Point Piper prestige enclave | 1960 build with redevelopment potential This is a rare detached house on a substantial 662mยฒ block in Point Piper, an area dominated by apartments and smaller holdings. The four-car capacity and private pool are uncommon advantages that set it apart from most properties in the suburb. It sits in a low-density street within the Double Bay Public School and Rose Bay Secondary College catchments, which adds to its appeal for family buyers. The 1960 construction date means the building may feel dated compared to newer prestige homes, but the land itself is the primary value driver here. This property best suits buyers seeking a blue-chip address with scope to renovate or rebuild, rather than those wanting a turnkey luxury home. The 31% building coverage and 206mยฒ footprint suggest the current house is modest relative to the land size, which may limit immediate appeal for buyers wanting generous internal space. The absence of heritage or environmental overlays is a positive signal for those considering redevelopment, though any significant changes would still require Woollahra Council approval. The sale price of $14 million reflects the land’s scarcity and location premium, but buyers should weigh whether the existing structure meets their needs or if additional capital is required for upgrades. The pool and parking are strong retention features, but the property’s ultimate value lies in its landholding rather than the current house.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 5 Dunara Gardens, Point Piper NSW 2027
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Market Insight:

Point Piper is Sydney’s most exclusive harbourside suburb, defined by its prestige and extremely limited supply. Demand is driven by established, high-net-worth buyers, with a majority of households owning outright. The house market has experienced exceptional recent growth, though long-term performance remains strong and stable. Future growth is underpinned by enduring appeal and scarcity, yet key risks include a low rental yield for houses and current market conditions suggesting fair value rather than undervaluation.
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PropCred Estimated Value

Bedrooms

4

Bathroom

3

Parking

4

Land

662mยฒ

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