10/29-33 The Avenue, Rose Bay NSW 2029

10/29-33 The Avenue, Rose Bay NSW 2029
1960s brick apartment | 2-bed, 1-bath, 1-car | ~70 m² internal | Rose Bay village walkable | Secure entry building This is a classic Rose Bay entry-level apartment, and its strength lies in being a straightforward, well-located 2/1/1 in a secure, low-rise building on a quiet, tree-lined street. At roughly 68–72 m², it offers genuinely usable space for a couple, a single professional, or an investor seeking solid rental demand. The 1967 build means generous room proportions and a balcony, which are increasingly rare in newer compact stock. Its position within walking distance of village shops, cafés, buses, and Bondi Beach gives it a lifestyle edge that holds appeal across owner-occupiers and tenants alike. For a buyer wanting a foothold in the eastern suburbs without the premium of a renovated or larger unit, this represents a sensible, low-risk entry point. Value may be shaped by the unit’s floor level and aspect, neither of which is confirmed, as top-floor and northerly orientations typically command a noticeable premium in older walk-up buildings. Condition and renovation quality will also matter — a dated interior may require a modest budget for updates, while a well-presented unit could trade at the higher end of expectations. Strata levies and building maintenance history are worth clarifying, given the building’s age, but the recent sale of a comparable unit in the same block at $1.51M suggests the street can support strong prices for well-positioned stock. || Comparable Sales: 2/29-33 The Avenue sold $1.51M (May 2025); 2/4-6 The Avenue sold $1.33M (2016) | Property Price Band: $1.4M–$1.5M | Value Drivers: internal condition, floor level/aspect, balcony and secure entry appeal
Detailed Independent Property Report prepared  by PropCred Analyst team for 10/29-33 The Avenue, Rose Bay NSW 2029
Checks found:
Value Risk ! 1
Liquidity Risk
Planning Risk
Income Risk
Execution Risk 2
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Market Insight

Rose Bay is a prestigious harbourside suburb with perennial appeal for professionals and families, drawn by its relaxed atmosphere, distinct village character, and proximity to elite private schools. Demand is underpinned by these lifestyle and educational drivers, though the house market has recently softened significantly, contrasting with stronger unit performance. Future growth is supported by consistently limited stock and high demand, yet the market faces risks from recent price corrections and inherent affordability constraints.
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PropCred Estimated Value

Comparable Sales: 2/29-33 The Avenue sold $1.51M (May 2025); 2/4-6 The Avenue sold $1.33M (2016) | Property Price Band: $1.4M–$1.5M | Value Drivers: internal condition, floor level/aspect, balcony and secure entry appeal

Bedrooms

2

Bathroom

1

Parking

1

Land

781m²

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
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