104/47-53 Anzac Parade, Kensington NSW 2033

104/47-53 Anzac Parade, Kensington NSW 2033
Architect-designed boutique block | western rear aspect away from Anzac Parade | 2 bed 2 bath 1 car | stone and Miele finishes | strong rental demand near UNSW Cavallo is regarded as one of Kensington’s better boutique apartment offerings. Built in 2007 and designed by Fox Johnston, the 33-unit block delivers a finish quality rarely seen in the suburb’s stock. The western rear aspect is oriented away from busy Anzac Parade, with traffic noise reduced and evening light captured. Stone benchtops, Miele appliances, engineered flooring and ducted air conditioning are included, placing this above typical walk-up units. Lift access, security parking and a storage cage are provided, suiting owner-occupiers, downsizers and investors drawn to UNSW and the light rail corridor. Value may be shaped by the floor level and lot dimensions, affecting outlook and privacy. Warmer afternoons might occur with the western aspect. Price stability is suggested by low turnover. Some buyers might be deterred by the arterial setting, though the rear aspect mitigates this. Perception may be shaped by finishes relative to the 2007 build date. >> Comparable Sales: 603/47-53 Anzac Parade sold $1.22M; 406/47-53 Anzac Parade sold $1.035M | Property Price Band: $1.1M-$1.2M | Value Drivers: rear western aspect, premium finishes, boutique block of 33
Detailed Independent Property Report prepared  by PropCred Analyst team for 104/47-53 Anzac Parade, Kensington NSW 2033
Checks found:
Value Risk ✓
Liquidity Risk ✓
Planning Risk ✓
Income Risk ! 1
Execution Risk ✕ 2
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Market Insight

Kensington, 6km from Sydney CBD, is a balanced market of 35% houses and 65% apartments. Young families, first-home buyers and savvy investors drive demand, underpinned by strong rentals, UNSW and hospital proximity, light rail and infrastructure upgrades. House prices have fallen sharply: medians from $3.3M to $3.7M, annual declines of 11-14%, and 34-35 days on market. Units are steadier, with medians around $990k-$996k and 3-4% growth. Gross yields reflect this: houses near 2%, units near 4.3-4.4%; weekly rents are $800 for units, $875-$1,450 for houses. Annual house sales are thin at 44-53. The apartment-heavy mix and higher yields favour unit investors, while house values remain exposed to affordability and rate sensitivity.
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PropCred Estimated Value

Bedrooms

2

Bathroom

2

Parking

1

Land

900m²

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
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