1103/7 Black Lion Place, Kensington NSW 2033

Spacious penthouse unit | premium size vs building comps | Kensington’s owner-occupier profile | auction campaign underway The buying case rests on the unit’s size advantage within a well-regarded building. At 138-202 m², it is significantly larger than comparable three-bedroom units in the same complex, giving it a scarcity premium that should hold value better in a softening market. The 75% owner-occupier street profile signals a stable, quality-conscious neighbourhood that supports long-term capital growth. This property suits a buyer seeking a genuine family-sized apartment in a sought-after school catchment, where downsizers or professionals will pay for floor area over flash finishes. The key risk is the auction campaign: limited recent sales data in Kensington makes price discovery uncertain, and the unit’s last sale in 2019 means current market conditions may not be fully reflected in vendor expectations. The building’s age and 74-property strata scheme require careful review of sinking fund and upcoming levies. A buyer’s opportunity lies in the size premium being underpriced relative to newer, smaller stock. Hold for five years minimum, or occupy to capture the owner-occupier tax advantages and avoid stamp duty churn.