11/1-3 Werombi Road, Mount Colah NSW 2079
11/1-3 Werombi Road, Mount Colah NSW 2079
Large 107m² two-bedder | Newer 2017 build | Strong owner-occupier demand | FTTP NBN and stone-benchtop finishes | Modest recent growth
At 107 m², this two-bedroom apartment sits in an unusual position within Mount Colah’s unit market. The building was completed around 2017, placing it well ahead of the older walk-up stock common in the suburb, with finishes including a gas kitchen with stone benchtops, split-system air conditioning, intercom entry and balcony access. Those features feel closer to a contemporary owner-occupied product than a rental flat. Strong owner-occupier tenure, averaging close to six years, is reflected in how the building is maintained and in the orderly resale pattern seen within it. The property serves best as a first home or downsizer option for buyers wanting parking, genuine internal space, and a modern lock-and-leave footprint without a prestige premium.
Value may be most sensitive to floor level and aspect. A north-facing position within this complex would command a measurable premium, while a lower-floor or rear-facing unit might trade in line with recent same-building sales. Marketing times in the suburb have been extended in places, and three-year growth has been soft, so this should be viewed as a stable income-producing property with a rental yield near 5.4% rather than a high-growth purchase.
Detailed Independent Property Report prepared by PropCred Analyst team for 11/1-3 Werombi Road, Mount Colah NSW 2079
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
1
Income Risk
2
Execution Risk
URL has been copied successfully!
Market Insight
Mount Colah is an established upper North Shore suburb where family buyers dominate; houses are 84% of sales, with rail access and Hornsby-area schools underpinning demand. The median house price is about $1.7M, with recent annual growth reported between 0.6% and 6.9%, while the 10-year CAGR is 7.5%. Houses sell in a median 28 days and gross rental yield is a modest 2.57%. Units are a smaller market, median near $660,000, with growth around 4% and yields of 4.6–5.0%. Sales volume is low, roughly 100 houses annually, keeping supply balanced. Future growth is supported by household incomes and policy backing, but high entry prices around $1.7M pose affordability constraints; rising rates remain a sensitivity.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 18/1-3 Werombi Rd sold $650,000 in May 2024; 1/1-3 Werombi Rd sold $620,000 in Nov 2021 | Property Price Band: $600K to $700K | Value Drivers: 107 m² internal area, north-facing aspect if confirmed, condition and presentation of the unit
Bedrooms
2
Bathroom
1
Parking
1
Land
1890m²
URL has been copied successfully!