18/13 Macpherson Street, Waverley NSW 2024
18/13 Macpherson Street, Waverley NSW 2024
north-east rear corner | strata parcel on 2127mยฒ lot | long-term owners common in building | auction in two weeks
This is a well-priced top-floor unit only if you accept that long hold periods and low turnover in this block signal limited liquidity at resale. The 97mยฒ floor plate and generous terrace over Bronte Bowling Club are genuine scarcity features that command a premium, but the 1997 last sale date means deferred maintenance risk sits with the buyer. Hold for at least seven years or use as a stable rental.
Competitively, the coastal outlook and street setback give this unit a rarity edge over most Waverley two-bedroom stock. The recent bathroom renovation and lock-up garage remove immediate capital spend, making it suitable for a downsizer or investor seeking a low-fuss position near beach and village amenity. Secure a building inspection before auction to quantify any sinking fund lag.
Independent, Unbiased Research Report for this property by PropCred Analyst teamย
Market Insight:
Waverley is a premium coastal suburb, positioned by its proximity to Bondi Beach and strong transport links. Demand is driven by affluent young professionals, reflected in high household incomes and a concentration of skilled workers. The housing market demonstrates resilient capital growth, while the unit segment has experienced recent price adjustments. Future prospects are supported by high rental yields for apartments, yet constrained by limited affordability and a slight population decline impacting supply dynamics.