2/114 Spit Road, Mosman NSW 2088

2/114 Spit Road, Mosman | 2-bedder in a tightly held block | 48% owners 10+ years | Comparable unit 3 sold $1.2m in Aug 2025 | Rental yield 4.12% signals genuine demand This property sits in a block where long-term ownership dominates, which typically signals a well-managed building and stable living conditions. The 2-bedroom configuration with built-in wardrobes and reverse-cycle air conditioning meets the core needs of owner-occupiers and investors alike, and the comparable sale of unit 3 at $1.2 million suggests the valuation estimate of $880,000 may understate the property’s true market position. For a buyer seeking a solid entry into Mosman with good school catchments and no overlay risks, this unit offers a rare combination of configuration edge and building stability. It suits a professional couple or small family wanting a low-maintenance base with strong long-term potential. The primary risk is the Spit Road location, which can carry traffic noise and limits the quiet residential feel some buyers prioritise. This likely explains the valuation gap to unit 3’s sale price, and a buyer should factor in a discount for that exposure. The 5G and NBN connectivity add practical value but are not price setters. The opportunity lies in holding for the medium term, as the building’s ownership profile suggests limited stock turnover and steady capital appreciation. Use this property as a well-positioned foothold in Mosman, not a quick flip.