12/16-22 Marlborough Street, Drummoyne NSW 2047
12/16-22 Marlborough Street, Drummoyne NSW 2047
2-bed townhouse | rooftop terrace + courtyard | north-facing | 137m² | boutique secure complex
This townhouse holds a genuine edge in Drummoyne’s market because it pairs a practical two-bedroom, two-bathroom layout with outdoor space on two levels—a courtyard for everyday use and a rooftop terrace that most apartments and many older townhouses simply cannot offer. The north aspect draws light through the open-plan living area, which makes the interior feel larger than the 137m² land footprint suggests. It sits in a small, secure complex, so it appeals strongly to downsizers leaving larger family homes and professional couples who want house-like amenity without the upkeep. Within Drummoyne’s mix of apartment-heavy stock, this is a more functional, lifestyle-oriented property that should hold its position well in resale.
The value picture here may be shaped by how the complex’s shared environment is maintained, since townhouse living depends on strata quality and neighbour behaviour more than a detached house would. The rooftop terrace is a strong differentiator, but its practical worth depends on orientation, privacy, and how usable it is across seasons—worth checking for shade and wind exposure. The single car space is adequate for this size, though a second space might have broadened appeal to families. The lack of a stated floor level is typical for a townhouse and unlikely to be a concern. Buyers should weigh the mid-2010s building age against the modern inclusions like air conditioning, dishwasher, and intercom, which reduce immediate spend. The estimated rent of $990 per week signals solid income potential if the property is ever leased, but the primary demand here is likely owner-occupier driven, given the layout and outdoor features.
|| Comparable Sales: 10/16-22 Marlborough Street sold $1.78M (3-bed, 3-bath, 2-car) | Property Price Band: $1.1M–$1.2M | Value Drivers: rooftop terrace, north aspect, boutique complex, 137m² land, modern inclusions
Detailed Independent Property Report prepared by PropCred Analyst team for 12/16-22 Marlborough Street, Drummoyne NSW 2047
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
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Market Insight
Drummoyne, an established inner-harbour suburb, commands a clear premium: median house prices sit near $3.1 million, units around $1.44 million. High-income professionals, families, downsizers, first-home buyers, and investors drive demand, drawn to CBD proximity, ferry and bus links, and reputable schools. House values rose roughly 10% annually, units about 9%, with houses selling in a median 51 days. Supply is thin—about 67 house sales in the past year—while 47.5% strata stock supports apartment turnover. Growth drivers remain structural: a 4.0% ten-year CAGR, an undervalued market assessment, and a diverse buyer base. Constraints include elevated entry prices straining affordability and low gross yields (around 2% for houses, 3.1% for units), though undersupply and infrastructure links underpin the market.
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PropCred Estimated Value
Comparable Sales: 10/16-22 Marlborough Street sold $1.78M (3-bed, 3-bath, 2-car) | Property Price Band: $1.1M–$1.2M | Value Drivers: rooftop terrace, north aspect, boutique complex, 137m² land, modern inclusions
Bedrooms
2
Bathroom
2
Parking
1
Land
137m²
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