2/101-103 Burns Bay Road, Lane Cove NSW 2066

Ground floor | 2-bed unit | 90% rental building | 5 min to village | Auction clearance 68% The ground-floor position in a 90% rental building gives this unit a rare owner-occupier advantage: no upstairs noise, direct balcony access, and a fresh interior with new carpet and paint that removes immediate work. The 5-minute walk to Lane Cove village and bus stop at the entrance make it a strong lock-and-leave option for a downsizer or first-home buyer wanting lifestyle convenience without strata complexity. The shared laundry with only three others is a practical edge over larger blocks. The main risk is the building’s rental dominance, which can slow capital growth and make owner-occupier financing harder if the lender sees weaker owner sentiment. The 2002 last sale and February 2025 comparable at $835,000 suggest the market has moved, but the current estimate range implies limited upside in the near term. For a buyer, this unit works best as a long-term hold with stable rental yield—hold for occupancy or rent, but do not expect short-term appreciation above the suburb average.