55/48-50 Military Road, North Bondi NSW 2026
55/48-50 Military Road, North Bondi NSW 2026
2-bed apartment with car space | elevated Bondi outlook | tightly held 1965 block | lift and rooftop terrace | renovation opportunity
The property’s two-bedroom, one-bathroom layout with a single car space is considered a competitive offering within North Bondi’s established apartment market, where elevated positions and beach proximity are consistently valued. The 1965 building provides lift access, an internal laundry, and a common rooftop terrace with district and harbour views, features that are seen as rare in older blocks of this size. This unit is best suited to owner-occupiers seeking a low-maintenance beachside lifestyle, as well as investors looking for steady rental demand from professionals and downsizers drawn to the walkable village precinct.
An update to kitchen and bathroom might be needed to fully realise the property’s value. The balcony’s exact orientation may be seen as a factor in view quality, and noise from Military Road could be considered a minor drawback despite the elevated setting. These aspects are expected to influence the final price, and they should be evaluated directly.
>> Comparable Sales: A 2/1/1 unit in the block sold at $1.4M; another 2-bed unit in the same building sold at $1.4M | Property Price Band: $1.3M–$1.4M | Value Drivers: condition, aspect and views, parking
Detailed Independent Property Report prepared by PropCred Analyst team for 55/48-50 Military Road, North Bondi NSW 2026
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
1
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Market Insight
North Bondi is a prime Eastern Suburbs beachside market, split between houses and 48.2% strata stock. Affluent families, established professionals and downsizers drive demand, drawn by beach lifestyle and amenity. Price trends are mixed: house medians sit around $4.7–4.9m, annual growth flat to -3.6%; units range $1.56m–1.76m and rose 20.7% year-on-year. Weekly rents are $2,200 for houses and $1,055 for units; gross unit yield 3.3%. Sales are thin at 74–84 houses, while houses take 87 days to sell versus NSW’s 50, indicating slower top-end turnover. Long-run gains of 7.5% annually support the outlook, but high entry prices and stagnant house prices are constraints, leaving affordability and rate sensitivity as key risks.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
1823m²
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