12/23 Balfour Road, Rose Bay NSW 2029
12/23 Balfour Road, Rose Bay NSW 2029
Art Deco unit | 2-bed, 1-bath | boutique 12-unit block | leafy harbourside pocket | character-driven demand
This unit sits in a tightly held, low-rise Art Deco block that represents classic Rose Bay stock—small-scale, period-rich, and walkable to the ferry, village shops, and foreshore. The configuration suits buyers who prioritise character and location over internal footprint: professional couples, downsizers, or investors seeking a blue-chip eastern suburbs holding. The building’s boutique scale and period fabric are genuinely rare in this precinct, where newer developments are scarce and older blocks with secure entry and parking command consistent interest. The leafy street aspect and proximity to Plumer Road’s cafes strengthen its appeal to owner-occupiers who value a quiet, established neighbourhood over modern amenities.
Value may be shaped by the unit’s floor level and outlook, which are not confirmed, as top-floor examples in the block with refreshed interiors have traded well above ground-floor counterparts. The absence of a confirmed car space could temper buyer appetite, given parking is a known preference in this area. Renovation condition matters materially—units with updated kitchens and bathrooms achieve a premium, while dated interiors may require budgeting for upgrades. The 2021 purchase price of $957k suggests growth potential, but recent same-building sales at $1.35m indicate the ceiling for well-presented units is higher, so presentation and level will likely drive final value more than location alone.
|| Comparable Sales: 10/23 Balfour Road sold $1.35m (Mar 2025); 6/23 Balfour Road sold $1.175m | Property Price Band: $1.1M–$1.2M | Value Drivers: floor level, renovation condition, parking confirmation
Detailed Independent Property Report prepared by PropCred Analyst team for 12/23 Balfour Road, Rose Bay NSW 2029
Checks found:
Value Risk
✓
Liquidity Risk
!
1
Planning Risk
✕
2
Income Risk
✓
Execution Risk
✓
Market Insight
Rose Bay is a prestigious harbourside suburb with perennial appeal for professionals and families, drawn by its relaxed atmosphere, distinct village character, and proximity to elite private schools. Demand is underpinned by these lifestyle and educational drivers, though the house market has recently softened significantly, contrasting with stronger unit performance. Future growth is supported by consistently limited stock and high demand, yet the market faces risks from recent price corrections and inherent affordability constraints.
PropCred Estimated Value
Comparable Sales: 10/23 Balfour Road sold $1.35m (Mar 2025); 6/23 Balfour Road sold $1.175m | Property Price Band: $1.1M–$1.2M | Value Drivers: floor level, renovation condition, parking confirmation
Bedrooms
2
Bathroom
1
Parking
-
Land
687m²
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