2/96-100 Albert Avenue, Chatswood NSW 2067
2/96-100 Albert Avenue, Chatswood NSW 2067
2-bed 1970s full-brick unit | 81 sqm plus lock-up garage | northerly terrace not on title | walk-everywhere Chatswood | renovation upside
The unit is built in full brick and concrete, giving it a solidity that is rare in this price tier. The 81 sqm internal area is generously proportioned for a two-bedroom apartment, and the high ceilings and open-plan living/dining add a sense of space that newer stock often lacks. A north-facing terrace provides usable outdoor space, though it is not included on title. The lock-up garage is a genuine point of difference. The property sits in a walk-everywhere Chatswood location, close to metro, rail, Westfield, the Concourse and public schooling. It is best matched to downsizers and professional owner-occupiers seeking a low-maintenance unit with renovation upside.
What may affect price is the need for cosmetic updating, because it puts renovation costs directly into the purchase decision. The terrace not being on title might limit formal value, although it is a usable daily feature. The 1970s strata age may mean future common levies, but full-brick construction reduces major structural risk. These factors are offset by the garage, northerly aspect and high rental appeal.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/96-100 Albert Avenue, Chatswood NSW 2067
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
1
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Market Insight
Chatswood’s median house price is $3.525m, with 3.94% annual growth and 39 days on market. Units sit at $1.1m, down 5.82% annually. Rental yields split the market: houses return 2.04%, units 3.85%, with weekly rents of $1,200 and $820. Demographics show 50% renting, 25% aged over 55, and 47% couples with children. That points to owner-occupier demand for houses and investor-led unit demand. Sales volumes—137 houses versus 297 units—confirm higher unit turnover. The house segment is tight but yields are thin; the unit segment offers better income but is price-soft. Without infrastructure or school catchment data, future growth hinges on whether the house price premium holds against the current yield drag.
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PropCred Estimated Value
Comparable Sales: 29/96 Albert Avenue sold $852,000 | Property Price Band: $800,000-$900,000 | Value Drivers: condition, terrace usability, location walkability
Bedrooms
2
Bathroom
1
Parking
1
Land
3008m²
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