12/58 Bayswater Street, Drummoyne NSW 2047

12/58 Bayswater Street, Drummoyne NSW 2047
| Drummoyne unit | 3-bedroom edge | low-supply building | 45% owner-occupied | 1974 solid build | This property offers a rare configuration in a tightly held building: a three-bedroom unit in a suburb where the median unit price has risen 10% year-on-year, and where 45% owner-occupancy signals stable, low-turnover stock. The 111โ€“116 sqm internal area, combined with a garage and balcony, positions it as a viable alternative to an older terrace or smaller house for downsizers or young families wanting Drummoyneโ€™s school catchment and park proximity without a full house budget. The reliable NBN and 5G coverage are supporting conveniences, not primary drivers, but they remove a common friction for remote workers. The principal risk is the buildingโ€™s age,1974 construction may require future special levies for common property upgrades, and the 55% rental mix could affect lending appetite for some buyers. However, the low number of units (13) limits the scale of any levy, and the suburbโ€™s 39-day average days on market suggests steady demand. For a buyer, this unit holds best as a long-term owner-occupied home or a low-maintenance hold in a rising market; short-term flipping is not advised given the strata constraints.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 12/58 Bayswater Street, Drummoyne NSW 2047
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Market Insight:

Drummoyne is a high-demand, affluent inner-west suburb positioned for long-term growth. Demand is driven by professionals drawn to its CBD proximity and families attracted by its reputable schools, with a significant strata market appealing to first-home buyers and investors. Recent price growth has been strong across both houses and units, with houses transacting relatively quickly, indicating sustained buyer competition. Future growth is underpinned by its established appeal and location, though high entry prices present a key constraint on affordability for many buyers.
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PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

1

Land

1370mยฒ

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