1/12 Longworth Avenue, Point Piper NSW 2027
1/12 Longworth Avenue, Point Piper NSW 2027
North-west harbour frontage | Direct beach access | 1922 character block | Low-density six-apartment building | Owner-occupied majority
This apartment occupies a rare position within Point Piper, offering direct north-west harbour frontage onto Lady Martin Beach, a configuration that provides both sunlight and water views without the overshadowing common to south-facing harbourside properties. The 1922 building, part of a six-apartment block with 70% owner-occupancy, presents a low-density profile that supports both privacy and long-term value retention. For a buyer seeking a primary residence with immediate harbour access, proximity to the CBD, and a floorplan of 161 square metres that includes a sunroom and balcony, this property competes on scarcity rather than volume. The demographic skew toward older residents in the area reinforces a stable, low-turnover neighbourhood suited to those prioritising lifestyle amenity over short-term capital growth.
The building’s age introduces potential for future capital works, though proposed upgrade plans suggest proactive management rather than deferred maintenance. The absence of bushfire, flood, or heritage overlays reduces regulatory risk, while the search band of $10M to $11M positions this property below comparable harbour-front apartments in the immediate vicinity, offering a relative entry point for buyers who value direct beach access over newer finishes. The 30% renter proportion introduces minor tenancy turnover risk, but the owner-occupied majority and low building count mitigate this. This property best suits a buyer who prioritises location and configuration over turnkey condition, and who is prepared to engage with the building’s future improvement schedule.
Detailed Independent Property Report prepared by PropCred Analyst team for 1/12 Longworth Avenue, Point Piper NSW 2027
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
1
Income Risk
Execution Risk
1
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Market Insight
Point Piper is Sydney’s most exclusive harbourside suburb, defined by its prestige and extremely limited supply. Demand is driven by established, high-net-worth buyers, with a majority of households owning outright. The house market has experienced exceptional recent growth, though long-term performance remains strong and stable. Future growth is underpinned by enduring appeal and scarcity, yet key risks include a low rental yield for houses and current market conditions suggesting fair value rather than undervaluation.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
1
Land
974m²
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