2/3-7 Dunmore Street N, Bexley NSW 2207

2/3-7 Dunmore Street N, Bexley NSW 2207
Renovated 2-bed apartment in Bexley | large wrap balcony | heritage and flood overlays present | strong location for downsizers and first-home buyers The property’s primary buying case rests on its unusually generous internal size for a two-bedroom apartment, combined with a modern kitchen and a substantial wrap-around balcony. This configuration is rare in the 1974 Bexley stock and directly supports the asking price within the estimated range. The lock-up-and-leave appeal, reliable connectivity, and school catchment position it best for downsizers seeking space without land, or first-home buyers wanting a move-in-ready home with minimal immediate work. The renovated interior removes a major negotiation point for buyers. However the heritage, bushfire, and flood overlays introduce material constraints that will cost the buyer in due diligence time and potentially limit future renovations or extensions. These overlays also affect insurance premiums and strata approval processes. The building’s 1974 age demands scrutiny of strata reports for capital works funding and water ingress history. The opportunity lies in the property’s size and locationโ€”if the strata is healthy, this holds well as a long-term hold or a stable rental. Buyers should inspect the balcony condition and parking title before committing.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 2/3-7 Dunmore Street N, Bexley NSW 2207
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Market Insight:

Bexley is a well-established, conveniently located suburb attracting families, first home buyers, and investors. Demand is driven by families seeking larger homes and younger buyers targeting lower-maintenance apartments, supported by ongoing development. Recent market conditions show relative stability with a slight softening in house prices, though strong rental growth persists. Its historical consistency and convenient location underpin future appeal, while the significant apartment supply indicates a diverse market catering to varied affordability levels.
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PropCred Estimated Value

Bedrooms

2

Bathroom

1

Parking

1

Land

1560mยฒ

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