203/15 Richmond Avenue, Willoughby NSW 2068
203/15 Richmond Avenue, Willoughby NSW 2068
1-bed apartment in Mirvac’s LUMA | Willoughby lower north shore | recent $49.9m sale is portfolio-level | planning for 36 dwellings at site
This apartment is competitively strong as a new, branded one-bedroom unit within a lower north shore development, offering a contemporary alternative to older walk-up stock. Its configuration serves single professionals, couples, downsizers, or investors seeking low-maintenance living in an established suburb. The Mirvac name and the development’s public domain works suggest a quality finish, though this is inferred from planning references rather than confirmed specifications. Its rarity lies in being part of a newer project in a suburb where detached houses are more common.
The recent $49.9m sale figure should not be taken as this unit’s price, as it likely reflects a portfolio or development-level transaction. The planning application for 36 dwellings at the same address may indicate future density changes that could affect outlook or amenity. Floor level is unconfirmed, though unit 203 commonly implies a second-floor position. These factors may influence value but require verification through direct inspection and comparable market evidence.
Detailed Independent Property Report prepared by PropCred Analyst team for 203/15 Richmond Avenue, Willoughby NSW 2068
Market Insight:
This suburb is positioned as a premium family-oriented market, with demand driven primarily by established purchasers seeking established family homes. Recent price trends show robust growth in the housing segment, supported by strong sales activity and competitive market conditions, while the unit market presents a more varied performance. Future growth is underpinned by sustained demand from this demographic, though affordability constraints and sensitivity to interest rates remain key considerations for the market’s trajectory.