1/89 Drumalbyn Road, Bellevue Hill NSW 2023

Prime location | whole-floor exclusivity | north-east aspect | premium finishes | tightly held enclave The property occupies a rare whole-floor position in an exclusive block of two, offering the scale and privacy of a house without the land cost. Its north-east orientation, wraparound terrace, and district views create a light-filled residence that competes with top-tier houses in the area. The three oversized bedrooms each with ensuites and the dual parking spaces remove common compromises in apartment living. This suits downsizers seeking single-level luxury or families wanting a lock-and-leave base near top schools and the CBD. The recent renovation with high ceilings and timber floors means no immediate capital outlay, and the 60% owner-occupied street signals stable long-term value. The main risk is the auction timeline and potential overpaying in a market where comparable three-bedroom apartments have a wide price spread. The property’s 359sqm internal size is generous but may limit resale to a narrower buyer pool than a smaller, more affordable unit. The off-market history and short listing period suggest the seller may be testing demand rather than needing a quick sale. Buyers should review the strata report for sinking fund health and any upcoming levies. The rental yield of around $2,470 per week provides a holding cost buffer if the purchase is for future use. Hold for lifestyle or capital growth in a prestige pocket with limited new supply.