101/290 Burns Bay Road Lane Cove NSW 2066
101/290 Burns Bay Road Lane Cove NSW 2066
2 bed apartment in ‘Delve’ complex |Listed $950k |Tranquil courtyard appeal |Est. value $1.04m | This two-bedroom apartment on a 1995sqm strata lot within landscaped ‘Delve’ residences suits downsizers or professionals valuing private green space and level access living. Nestled in a peaceful pocket amid picturesque gardens, it delivers seamless indoor-outdoor flow ideal for relaxed daily use without the upkeep of a house. Its ground-floor position stands out on the street, offering rare privacy in a complex known for quality communal grounds that enhance everyday appeal. Buyers drawn to such units often include couples transitioning from larger homes, seeking low-maintenance proximity to schools like Lane Cove West Public just 1.5km away. Comparable two-bedroom apartments in the immediate area have shown steady demand, with recent sales reflecting solid mid-$900k pricing amid stable local unit markets. The single secure car space addresses parking concerns common in denser urban settings, bolstering rental reliability as evidenced by its 2024 lease. Free from bushfire, flood or heritage constraints, it positions well for hassle-free ownership in Lane Cove’s residential zoning. Long-term, the expansive lot share and NBN connectivity support enduring value as lifestyle shifts favour compact, connected homes with green retreats. This setup signals resilience in holding value through market cycles.
Detailed Independent Property Report prepared by PropCred Analyst team for 101/290 Burns Bay Road Lane Cove NSW 2066
Market Insight:
Lane Coves leafy village vibe, riverfront parkland, quality schools, The Canopy retail strip and efficient Lower North Shore connections keep professionals and families chasing the short CBD commute plus lifestyle amenities.
Houses have slipped roughly 45% year-on-year with a quarter decline of 4.6%, so prices have softened over the last six months even as listings remain limited and buyers still need compelling offers.
The key risks are affordability and very low rental yields around 2%, yet constrained supply, high-income demographics and signs the suburb now sits below its long-term trend combine to offer patient growth opportunity once broader rate stability arrives.