3/56 Pirrama Road, Pyrmont NSW 2009

3/56 Pirrama Road, Pyrmont NSW 2009
large 235mยฒ waterfront apartment | 2 car spaces rare in Pyrmont | luxury downsizer target | flood overlay to consider | prestige harbour setting This apartment is regarded as exceptionally rare within the inner-city market, given its substantial floor area and waterfront position in the Sydney Wharf precinct. Its configuration of three bedrooms, two bathrooms, and two car spaces is intended to attract luxury downsizers who desire low-maintenance prestige. The property is housed within a building that includes extensive amenities, such as a pool, gym, and concierge, which reinforces its premium status. The harbour fringe location is recognized for offering a unique combination of city access and waterfront living. A flood overlay is present for this property which may require consideration for insurance and could influence future buyer perception. Strata levies in a waterfront complex with extensive amenities might be significant and may affect net returns for investors. Value is likely to be sustained by scarcity and location, though changes in building condition or management could alter price expectations.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 3/56 Pirrama Road, Pyrmont NSW 2009
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Market Insight:

Pyrmont is a well-established, high-amenity inner-city suburb undergoing significant renewal, attracting professionals and yield-focused investors. Demand is driven by corporate relocations to the precinct and new high-rise developments, supporting apartment growth while freestanding houses remain scarce. Recent price trends show a softening in the housing market, with unit yields compressing as prices have outpaced rents. Future growth is underpinned by major infrastructure like light rail extensions and waterfront revitalisation, though the market faces risks from increasing supply and potential shifts in buyer sentiment.
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PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

-

Land

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