408/8 Ward Avenue, Elizabeth Bay NSW 2011

Studio with study desk and built-in robe | 22m² efficiency unit | Third-floor walk-up | No parking included | Urban amenity walkability This studio apartment is considered among the most compact offerings in Elizabeth Bay, yet its configuration is tailored for efficiency rather than space. The built-in robe and study desk suggest a layout designed for focused inner-city living, while the third-floor position reflects the area’s typical walk-up stock. Its primary competitive strength lies in location—close to trains, shops, and parks—which appeals strongly to investors seeking a low-maintenance rental or first-home buyers willing to trade size for proximity. The unit is best suited to cash-flow-driven or lifestyle-focused buyers who prioritise urban access over internal footprint. Value may be influenced by the absence of confirmed parking and the very limited floor area, which could restrict appeal among owner-occupiers wanting more flexibility. The lack of verified aspect or building age might also be weighed when forming a price view. Nevertheless, the location’s enduring demand for compact inner-city units may support a reasonable yield, provided the entry price remains aligned with comparable efficiency properties.