B24/495 Bunnerong Road, Matraville NSW 2036
B24/495 Bunnerong Road, Matraville NSW 2036
3-bed apartment with 2-car parking | larger than typical Matraville strata | established lift-served complex | busy road corridor | flood overlay noted
This property stands out in Matraville because it is configured as a three-bedroom, two-bathroom apartment with two parking spaces, which is significantly larger than the usual two-bedroom, single-car units found along this corridor. The building is an established strata complex with lift access and secure parking, so it is best suited to owner-occupiers and downsizers who want low-maintenance living without giving up space. Its position on Bunnerong Road places it close to local schools, bus transport, and beaches, and the generous internal area of 146 square metres gives it a level of comfort that most nearby apartments do not offer. That combination of size, parking, and convenience makes it a practical choice for someone intending to stay long-term.
The value of this property may be influenced by its location on a busy arterial road, which could bring traffic noise depending on the unit’s orientation within the complex. A flood overlay is noted on the property record, and this might affect buyer perception or insurance costs. The actual finish level and the specific view or aspect are not yet confirmed, so those details could either support or soften the asking level. Buyers should weigh the benefit of the larger floor plan against any exposure to road activity and confirm the unit’s position before forming a final view.
Detailed Independent Property Report prepared by PropCred Analyst team for B24/495 Bunnerong Road, Matraville NSW 2036
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
1
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Market Insight
Matraville, in Sydney’s Eastern Suburbs, is a premium residential pocket. The median house price sits near $2.7 million; units are around $970,000. The 36-day selling time indicates firm demand. Price momentum is mixed: annual house growth estimates range from -1.6% to 5.7%; unit estimates from -1.8% to 0.5%. Annual sales volume of 105 houses points to limited stock. Rents are high—$1,495 weekly for houses, $790 for units—but gross yields are thin at 2.53% and 3.87%. Demand is driven by affluent owner-occupiers and investors seeking capital stability, not cash flow. A 10-year CAGR of 6.3% and 20-year CAGR of 6.8% show durable appreciation. Values near the long-term trend imply fair pricing; future growth should track historical compounding, though affordability and rate sensitivity are headwinds.
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PropCred Estimated Value
Comparable Sales: 12B/495 Bunnerong Road sold $947,000 in Nov 2024; 22B/495-503 Bunnerong Road sold $770,000 in Mar 2016 | Property Price Band: $900,000–$1,000,000 | Value Drivers: 146m² internal area, two-car parking, contemporary finishes
Bedrooms
3
Bathroom
2
Parking
2
Land
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