29 Ross Street, Gladesville NSW 2111
29 Ross Street, Gladesville NSW 2111
5-bed luxury duplex|10-car basement lift|464m² Torrens title|north-west rear garden|near-new premium finish
This residence is recognised as a near-new luxury duplex, built to a specification that is rarely found in Gladesville. Its five-bedroom, four-bathroom configuration is complemented by an internal lift and a three-level layout, offering the scale of a large house on a compact 464m² Torrens-title site. The basement parking for ten cars, equipped with a turntable, is considered a standout feature in this market. The property is positioned at the premium end of the suburb’s housing stock, making it best suited to downsizers who value lift access and executives requiring exceptional car storage. The north-west rear garden provides a functional outdoor retreat.
The high building coverage may be viewed as limiting private open space, though the north-west garden offsets this. The value might be derived more from construction quality than land area, given the building’s size relative to the lot. The substantial price point could narrow the buyer pool, which may affect resale speed. Supportive factors include the absence of overlays and level street access, likely underpinning long-term appeal.
>>Comparable Sales: 29 Ross Street sold Dec 2022 for $3.25M | Property Price Band: $4.0M–$4.1M | Value Drivers: near-new condition, internal lift, 10-car basement parking
Detailed Independent Property Report prepared by PropCred Analyst team for 29 Ross Street, Gladesville NSW 2111
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
1
Income Risk
Execution Risk
2
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Market Insight
Gladesville is a prestige lower North Shore suburb with a median house price near $3 million, though 2026 year-to-date sales have reached $3.425 million. Annual growth ranges from 2.4% to 8% depending on the source, and the upper end points to a firming market. Houses take 50–86 days to sell, with annual volumes of 118–131, reflecting thin turnover. Owner-occupiers with mortgages dominate (54% of owners), while renters make up just under a third, so demand is driven mainly by established families rather than investors. Unit yields near 4% contrast sharply with house yields under 2%, pushing price-sensitive buyers toward units. The main risk is volatility: divergent price and growth data suggest repricing at the top end. No infrastructure or school information is available, so future drivers remain unclear, though a tight 1.33% vacancy rate underpins rental demand.
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PropCred Estimated Value
Bedrooms
5
Bathroom
4
Parking
10
Land
464m²
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