1/7 Bardsley Gardens, North Sydney NSW 2060

Flood overlay | short-term rental | low owner-occupancy | 1930s build | boutique block The flood overlay introduces a specific risk: insurance premiums, mortgage restriction, and resale pool shrinkage for a buyer who does not verify coverage. The 70% rental ratio in a seven-property building signals limited owner-occupier influence and possible body corporate friction. An elevated ground-floor position on a 565sqm lot partially mitigates water entry but does not remove the cost. The property has traded by private treaty recently and last rented at $775/week, implying a yield below 3.5% at current estimate of $1.18m. For a buyer, this unit works best as a medium-term hold with owner-occupation to capture the floorboards, study, and carport—not as a scramble for capital gain. What is competitively strong here is the exclusive cul-de-sac, school catchment double (Anzac Park and Cammeraygal), and boutique Art Deco block supply constraint. The 74sqm internal area with built-in robes and a dedicated study competes directly against newer but smaller units in the same suburb. This property serves best a buyer who prioritises location and floor area over pristine condition and requires single-level living near good public schools. To confirm the flood overlay’s cost, order an insurance quote for the ground-floor unit and a strata search for any past water claims before the inspection.