1503/2A Elsie Street Burwood NSW 2134
1503/2A Elsie Street Burwood NSW 2134
3-bed apartment, established building | mid-$1m market position | dual income appeal
This three-bedroom, two-bathroom apartment in an established Burwood residential building suits owner-occupiers and investors seeking mid-range entry to an accessible inner-west location.
The building at 2A Elsie Street has demonstrated consistent transaction activity over recent years, with comparable units moving between $760,000 and $1.139 million depending on configuration and timing. This property sits within that established range, positioning it as a standard offering rather than a premium or discounted position. Recent sales data from the building shows 1-bedroom units clearing around $760,000 to $850,000, while 2-bedroom apartments have transacted between $950,000 and $1.075 million, suggesting this 3-bedroom configuration carries meaningful value uplift. The dual-income profile of the areaproximity to Burwood train station and established commercial precinctstends to attract working households and professionals prioritising transport access over land size. Apartments in this building tend to hold value moderately well, with minimal depreciation evident across recent sales cycles, though capital growth has been modest over the past few years. The 2-bedroom, 2-bathroom units from 2024 and 2025 show relatively stable pricing around $1 million, indicating the market has settled at predictable price points. Buyers of this profile typically view the property as a medium-term hold or stepping stone rather than a long-term legacy asset, reflecting the transactional nature of inner-suburban apartment markets. The building’s age and established tenure suggest lower capital risk but also limited upside relative to newer developments in competing suburbs.
Detailed Independent Property Report prepared by PropCred Analyst team for 1503/2A Elsie Street Burwood NSW 2134
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
1
Income Risk
Execution Risk
2
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Market Insight
Burwood’s inner-west mix of retail, schools and rail-backed convenience keeps buyers engaged, while a 48% rental cohort ensures investors and upsizers chase the suburb even as budgets tighten.
Affordability is stretchedindexing about 160 years to ownershipand record-low stock means vendors sit tight, so the risk lies in rate sensitivity but the tight supply underpins the near-term outlook.
Over the past six months the price tone has been flat to slightly softer, with house medians down mid-single digits and units steady near $915,000 after marginal gains.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
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