15/111-113 Burns Bay Road, Lane Cove NSW 2066

2-bed unit in established complex | Riverside proximity | Auction guide at median | Strong rental yield This property presents a competitively positioned entry into the Lane Cove unit market, with its configuration aligning directly with the highest-volume segment of two-bedroom, two-bathroom layouts. Its address on Burns Bay Road places it within an established precinct near the river and The Canopy community hub, offering immediate lifestyle convenience that resonates strongly with the dominant buyer profile of professionals and couples. The auction guide sits precisely at the current median, indicating a vendor expectation aligned with recent market evidence, while the two-bathroom format commands a premium over more common two-bedroom, one-bathroom units, enhancing its appeal for owner-occupiers and its competitiveness in the strong rental market where yields outpace houses. Your decision hinges on the specific attributes of the unit within its complex, as the guide price leaves no margin for overpayment on an average offering. The primary risk is paying a median price for a property that lacks above-median attributes in aspect, floor level, or quality of finishes, which are unspecified. The opportunity lies in securing a well-configured unit in a proven location where recent comparable sales demonstrate sustained demand; if due diligence reveals superior attributes not reflected in the guide, it represents a logical purchase. Acquire this property as a long-term hold for capital stability or for its reliable rental income, but withdraw if the auction exceeds a price justified by its unobserved qualities. Recent comparable sales in the immediate area demonstrate clear benchmarks: – $1,290,000: 10/115-119 Burns Bay Rd, 2b/1b/1p townhouse (02/12/2025) – $998,000: 41/299 Burns Bay Rd, 2b/1b/1p apartment (25/11/2025) – $1,400,000: 103/14-18 Finlayson St, 2b/2b/1p apartment (13/12/2025) The $1.4 million sale for a two-bedroom, two-bathroom apartment establishes a strong ceiling, while the sub-$1 million sale for a two-bedroom, one-bathroom unit underscores the value premium for the second bathroom. This property’s guide at $950,000 is therefore positioned aggressively against the lower comparable, correctly reflecting the added value of its two-bathroom layout.