15/1-3 Elamang Avenue, Kirribilli NSW 2061
15/1-3 Elamang Avenue, Kirribilli NSW 2061
pan harbour views | undercover parking | no bushfire flood heritage risks | 2-bedroom plus study
The property carries compelling opportunity through its north-easterly aspect and panoramic harbour outlook, features that command a significant premium in this market. That premium is partially offset by the dated bathroom and the absence of a second car space, which will narrow the buyer pool and could soften resale velocity. For a buyer holding medium-term, the view and updated kitchen underpin capital resilience; for an investor, the $1115โ1220 weekly rent suggests a gross yield around 2.3%, which is low but defensible given the prestige location. The judgment call is straight: buy for lifestyle and capital preservation, not for cash flow.
What makes this unit competitively rare is the corner position with windows on three sides, a layout that floods the interiors with natural light and captures the harbour panorama from both living areas and the study. That design trait, combined with the 838mยฒ lot ratio and lift access, puts the property ahead of most two-bedroom offerings in Kirribilli. It best serves an upper-end downsizer or a professional couple who prizes harbour proximity over private outdoor space. The next step is to secure a building inspection to confirm strata health and then test the vendor’s resolve before auction day.
Independent, Unbiased Research Report for this property by PropCred Analyst teamย
Market Insight:
Kirribilli is a premier harbourside enclave, defined by its exclusive character and iconic views. Demand is anchored by high-income professionals drawn to its prestige and prime location. The market is currently experiencing a notable correction, with both houses and units seeing significant price declines, though houses command a substantial premium. While its enduring desirability is a key long-term driver, recent population decline and sharp unit price falls present clear near-term risks to value.