12/2-10 Quarry Master Drive, Pyrmont NSW 2009
12/2-10 Quarry Master Drive, Pyrmont NSW 2009
2-bedroom flat | 115mΒ² internal space | Pyrmont location | No detected overlays
This unit presents a competitively sized two-bedroom offering in a central Pyrmont location, with its 115 square metres of internal space being a relative rarity in the modern apartment market. This configuration strongly serves an owner-occupier or long-term investor seeking above-average space, further supported by reliable connectivity and proximity to sought-after secondary school catchments. The absence of recorded environmental or heritage overlays simplifies due diligence.
Proceed with the understanding that the lack of recent sales history for this specific unit since 1999 creates significant pricing ambiguity. The wide variance in external estimates underscores this risk. A purchased strata report is non-negotiable to uncover building financial and operational health. For a buyer, the commercial logic is securing a spacious floor plan in a established suburb; treat the listed price as an opening position only. This property is best held for the long term to capitalise on its spatial advantage.
Comparable data shows a high variance: an off-market unit in the same complex at $1,320,000, a portal estimate at $1,388,000, and another at $980,000. This dispersion invalidates any single figure as reliable, confirming that market pricing for this building is highly subjective and must be anchored by the strata report and auction competition.
Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ
Market Insight:
Pyrmont is a well-established, high-amenity inner-city suburb undergoing significant renewal, attracting professionals and yield-focused investors. Demand is driven by corporate relocations to the precinct and new high-rise developments, supporting apartment growth while freestanding houses remain scarce. Recent price trends show a softening in the housing market, with unit yields compressing as prices have outpaced rents. Future growth is underpinned by major infrastructure like light rail extensions and waterfront revitalisation, though the market faces risks from increasing supply and potential shifts in buyer sentiment.