8/11 Hampden Road Artarmon NSW 2064
8/11 Hampden Road Artarmon NSW 2064
First-floor 1960s unit | large 2179mΒ² strata lot | stylish refurbishment | top public school catchments | below-estimate rent listing
This property presents a competitively strong proposition due to its position on a large, shared land parcel, a rarity for strata units, which provides underlying value and a sense of space uncommon in such stock. Its recent stylish refurbishment modernises the 1960s build, while its catchment for Artarmon Public School directly targets families or investors seeking educational advantages. This unit serves a buyer prioritising land component and location over new build amenities.
Key decision points involve the planning overlays for bushfire, flood, and heritage, which necessitate specific due diligence and may impact insurance costs and future alteration potential. The current rental listing is notably below market estimates, indicating either a quick-lease strategy or a value opportunity for an investor. Proceed with an auction strategy informed by recent comparable sales within the building, expecting a premium for the refurbished condition and land share. Our analysis can secure your position with precise real market valuation against recent sales and a detailed checklist for overlay-related risks and insurance assessments.
Recent sales within the same building provide a clear value corridor:
– 13/11 (2 bed): Sold $900,000
– 22/11 (2 bed): Sold $860,000
– 18/11 (2 bed): Sold $845,000
– 12/11 (3 bed): Sold $1,220,000
This data anchors the value for this two-bedroom unit firmly between $845,000 and $900,000, with its refurbished state supporting a figure toward the upper end of that range. The significant premium for three-bedroom layouts confirms the value of space in this complex.
Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ
Market Insight:
Artarmon is a highly affluent suburb with a distinct two-tier market. Demand for houses is driven by established, high-income owner-occupiers, evidenced by strong capital growth and lower rental yields. The unit market, while more accessible, shows varied performance. Recent conditions indicate houses are tightly held with measured sales velocity, while the divergence in growth between property types highlights a premium on land. Future growth is underpinned by this entrenched affluence, though the suburb’s sensitivity to broader economic factors remains a key consideration for buyers.