10/16 Eaton Street, Neutral Bay NSW 2089
10/16 Eaton Street, Neutral Bay NSW 2089
2 bed 1 bath 1 car | 106 m² generous for the suburb | lock-up garage and separate storage | quiet boutique block with district outlook | walk to Neutral Bay Village and transport
This unit stands out for its rare combination of size, parking, and outlook. At 106 m², it is noticeably larger than many older two-bedroom apartments in Neutral Bay, and the lock-up garage with separate storage adds practical value that most nearby stock lacks. The easterly aspect and covered balcony support a light-filled, quiet living environment, and the boutique block of around 12 to 13 properties reinforces a low-density feel. This property suits downsizers seeking space without a house, professional couples working in North Sydney or the city, and investors targeting tenants who prioritise convenience and parking. The walk to village shops, buses, and trains strengthens everyday appeal.
The building’s age is not confirmed, so future maintenance costs or special levies may need consideration, though the renovated kitchens and bathrooms in comparable units suggest recent upgrades. Floor position could affect outlook and privacy, as top-floor units in this block appear to benefit from elevated district views. The lack of on-site amenities like a pool or gym is typical for older boutique blocks and may limit appeal for buyers seeking resort-style living. The combination of garage, storage, and generous floorplan should support price resilience, but any material difference in aspect or renovation quality between this unit and recently sold comparables might influence final value.
Detailed Independent Property Report prepared by PropCred Analyst team for 10/16 Eaton Street, Neutral Bay NSW 2089
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
Income Risk
2
Execution Risk
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Market Insight
Neutral Bay is a well-established, high-value suburb where house prices have demonstrated sustained long-term capital growth, contrasting with a recent softening in the unit market. Demand is driven by local professionals and sustained investor interest, bolstered by significant infrastructure projects enhancing connectivity. Current market conditions are characterised by a pronounced supply shortage, creating competitive pressure that sees houses selling above expectations. Future growth is underpinned by these infrastructure upgrades and anticipated international buyer activity, though the primary constraint remains the acute imbalance between available listings and buyer demand.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
1303m²
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