15/1 Lamond Drive, Turramurra NSW 2074

2-bedroom unit in Turramurra | sold 2015 at $700k | now valued ~$760k | no overlays or flood risk | Ku-ring-gai council area This unit sits in a quiet part of Turramurra within Ku-ring-gai council, an area known for stable demand and good school catchments. The absence of bushfire, flood, or heritage overlays removes common friction points for buyers and lenders, and the compact two-bedroom layout suits downsizers or first-timers wanting low-maintenance living. The 2015 sale price of $700k and current valuation near $760k suggest modest but steady capital growth over nearly a decade, which points to a property that holds value without dramatic swings. This makes it a sensible entry point into a premium council area where land-constrained stock tends to perform reliably. The main risk here is that no recent sales or rental data exist, so the valuation is based on limited comparables, which could mean the property is harder to sell quickly if market conditions soften. The unit is also in a complex with shared address, so body corporate fees and any special levies need checking before committing. For a buyer, the opportunity is to secure a foothold in Turramurra at a price point below the suburb median, with potential to add value through cosmetic updates. Hold this property as a long-term base or rent it out once the local market picks up; it is not a flip.