5/38-40 Abbott Street, Cammeray NSW 2062
5/38-40 Abbott Street, Cammeray NSW 2062
Top-floor renovated 2-bed | boutique 12-unit block | large lock-up garage | leafy district outlook | no lift
This position within Cammeray’s apartment market is made scarce by a top-floor placement in a boutique 12-unit block. Density is kept low by the building’s scale, and the renovation is complete rather than cosmetic. The large lock-up garage is a real advantage where carports and street parking are the norm for older apartment stock. District and leafy outlooks are offered from the private balcony, with comfort provided by the oversized kitchen, built-in wardrobes, and internal laundry. This unit is best suited to owner-occupier downsizers or professionals wanting a low-maintenance base near Cammeray Village, buses, and metro access.
Long-term holding costs may be influenced by building age and outgoings, and the absence of a lift might be weighed by older downsizers. Perceived value is likely to be shaped by renovation quality and common-area condition, as might the compact layout and floor-area variations within the block.
Detailed Independent Property Report prepared by PropCred Analyst team for 5/38-40 Abbott Street, Cammeray NSW 2062
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
1
Income Risk
Execution Risk
1
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Market Insight
Cammeray is a tightly held, low-density enclave on Sydney’s Lower North Shore, characterised by its significant parkland and a local ban on high-density apartments that preserves its character and constrains new supply. Demand is driven by affluent professionals, predominantly childless couples, who are drawn to its established residential fabric and scarcity of stock. The market has experienced exceptional price growth, recently propelled by a surge in high-value waterfront transactions. Future performance is underpinned by this chronic supply constraint, though the market’s median remains sensitive to the sale of premium properties.
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PropCred Estimated Value
Comparable Sales: 12/38 Abbott Street sold $730,000 (1-bed, 2023); 15/2-4 Abbott Street sold $1,600,000 (apartment) | Property Price Band: $1.2M–$1.3M | Value Drivers: Top-floor renovated condition, lock-up garage, leafy outlook
Bedrooms
2
Bathroom
1
Parking
1
Land
1012m²
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