8/83 Ocean Street, Woollahra NSW 2025
8/83 Ocean Street, Woollahra NSW 2025
Townhouse format in a boutique eight | four bedrooms over two levels | east-facing courtyard | secure dual garage | original condition with reno upside.
This property is positioned as a house-like townhouse within a tightly held security complex, offering the rarity of a private entry, two-level layout, and a double garage in a premium eastern-suburbs village setting. With all bedrooms upstairs and an open-plan living floor that opens to a courtyard garden, it functions like a terrace but with the convenience and security of strata living. It best suits families seeking Woollahra schooling and village amenity, or downsizers who want space, storage, and parking without a freestanding house footprint. The east aspect delivers good natural light, while original condition suggests a genuine opportunity to personalise and build equity.
Value may be shaped most strongly by the contrast between this townhouse’s original finishes and the upgraded presentation of comparable stock within the same complex. The approximate 241 m² living area and courtyard provide a solid base, but renovation scope could either narrow or widen the gap to recently sold neighbours. Strata levies and the compact land component might temper buyer expectations against detached houses nearby, while the secure parking and low-maintenance character should support sustained interest. The lack of recent updates may also influence how quickly it attracts a premium buyer, though the configuration itself remains a differentiator.
>> Comparable Sales: 2/83 Ocean Street sold at $3.3M in Sep 2024 | Property Price Band: $2.9M to $3.0M | Value Drivers: original condition, dual-level layout with courtyard, east aspect and secure parking.
Detailed Independent Property Report prepared by PropCred Analyst team for 8/83 Ocean Street, Woollahra NSW 2025
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
Income Risk
2
Execution Risk
2
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Market Insight
Woollahra, a 1.3 sq km Eastern Suburbs enclave near Bondi Junction, has median house prices of $4.75–$5.06m and unit prices of $1.36–$1.57m. Childless professionals and downsizers seeking low-maintenance living drive demand, with high household incomes and a strong owner-occupier presence. Houses rose 11.0–12.8% over the year and 55.6% over five years; units rose 6.3–9.1% annually and 32.6% over five years. Sales are thin-78–80 houses annually-and days on market sit at 59. Gross yields remain low: 1.74% for houses, around 3% for units, with house rents $1,500–$1,850 weekly and unit rents $950. Future growth relies on prestige and limited supply, but affordability blocks first-home buyers, recent resales show a median $155,000 loss on houses, and the market sits below its long-term trend, vulnerable to interest-rate and economic shifts.
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PropCred Estimated Value
Bedrooms
4
Bathroom
3
Parking
2
Land
1569m²
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