10/40-44 Rosalind Street, Cammeray NSW 2062
10/40-44 Rosalind Street, Cammeray NSW 2062
Ground floor apartment with dual private courtyards | Rare lock-up garage with storage in Cammeray | Quiet rear complex position with pool access | Appeals to downsizers and executive couples
This property offers a configuration that is genuinely uncommon in the Cammeray unit market: a ground-floor apartment with two separate private outdoor spaces and a lock-up garage with storage. The dual courtyards effectively function as a semi-detached house footprint, which is the primary competitive advantage here. For a buyer, this means indoor-outdoor living without strata constraints typical of higher-density blocks. The rear position in the complex provides acoustic separation from Rosalind Street, while the pool and established gardens add lifestyle amenity without maintenance burden. The property is best suited to owner-occupiers seeking a low-maintenance alternative to a terrace, or investors targeting the executive couple demographic who will pay a premium for the garage and private outdoor space.
The key risk is the 65% rental demographic in the immediate complex, which can introduce turnover noise and variable common property care standards. This is mitigated by the rear positioning and the fact the apartment has its own street-accessible courtyard, reducing reliance on shared entries. The estimated rental yield of approximately 3.9% is acceptable for the suburb but not exceptional, meaning capital growth will depend on scarcity of this configuration rather than rental upside. The 2016 last sale date suggests no recent renovation premium has been captured, so a buyer should budget for cosmetic updates to kitchen or bathroom within five years. Hold this property for the configuration advantage and the Cammeray location premium; it is a positional play, not a renovation play.
Detailed Independent Property Report prepared by PropCred Analyst team for 10/40-44 Rosalind Street, Cammeray NSW 2062
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
Income Risk
Execution Risk
2
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Market Insight
Cammeray is a tightly held, low-density enclave on Sydney’s Lower North Shore, characterised by its significant parkland and a local ban on high-density apartments that preserves its character and constrains new supply. Demand is driven by affluent professionals, predominantly childless couples, who are drawn to its established residential fabric and scarcity of stock. The market has experienced exceptional price growth, recently propelled by a surge in high-value waterfront transactions. Future performance is underpinned by this chronic supply constraint, though the market’s median remains sensitive to the sale of premium properties.
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PropCred Estimated Value
Bedrooms
1
Bathroom
1
Parking
1
Land
3555m²
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