19/14 Leichhardt Street, Glebe NSW 2037

Waterfront boutique block | North-east aspect over bay | 132 sqm internal plus terrace | Two car spaces | Tightly held complex This unit presents a competitively strong proposition due to its rare configuration within the Glebe market. A 132-square-metre internal floor plan, complemented by a full-width terrace, two bathrooms, and two car spaces, is a premium offering that transcends typical unit stock. The north-east aspect provides filtered water outlooks, while the property’s position on the edge of Blackwattle Bay parkland embeds a permanent lifestyle advantage linked to the foreshore cycleway and open space. This combination of space, aspect, and location specifically serves downsizers or professionals seeking a low-maintenance, high-amenity inner-harbour residence in a tightly held, security-focused complex. The renovated finishes and tandem garage are functional benefits that support its premium positioning. The decision hinges on the price paid at auction, given the lack of recent, direct comparable sales to definitively anchor value. The primary risk mechanism is overcapitalising in a boutique complex where future growth is intrinsically tied to the broader strata block, limiting individual control over capital improvements. The opportunity lies in securing a property with attributes that are perpetually scarce in the suburb, ensuring sustained demand from a specific buyer profile. Commercial logic suggests this unit will perform as a long-term hold, benefiting from Glebe’s established growth and the enduring appeal of its waterfront adjacency. A plain judgment call is to proceed only at a price that acknowledges the 2018 sale as a historical datum and pays for the scarcity, not the sentiment. Recent comparable sale: 19/14 Leichhardt Street sold for $1,500,000 on 14 February 2018. The absence of other direct waterfront, two-car apartment sales in the current data underscores the rarity of this listing. This historical sale establishes a base, but the property’s value today must be assessed against the suburb’s 13.4% growth since that period and the significant premium its specific attributes command.