203/5-11 Meriton Street, Gladesville NSW 2111
203/5-11 Meriton Street, Gladesville NSW 2111
This is a second-floor, two-bedroom, two-bathroom unit with one car space in the Riviera development. It offers an open-plan layout, a covered balcony with district views, a modern gas kitchen with stone benchtops, and Miele appliances. The building sits on a 1,205-square-metre site and contains 44 units.
What is competitively strong here is the finish quality. The stone benchtops, gas cooking, and Miele appliances are not common in Gladesville unit stock, which tends to be older and more basic. The district views from the balcony add a layer of exclusivity that most apartments in the suburb lack. This property serves a specific buyer: someone who wants a low-maintenance, modern home in a high-value suburb without paying the detached house premium. It is positioned as a premium unit in a suburb where houses dominate, meaning it offers a rare entry point into an affluent area without compromising on interior quality. The Riviera branding and central location reinforce its appeal to professionals or downsizers seeking convenience and a contemporary finish.
Several factors may influence the property’s value. The single car space is a constraint for households with two vehicles, which could narrow the buyer pool in a car-dependent suburb. The building’s age, likely pre-2010, means potential buyers should consider future maintenance costs for a 44-unit complex, though no specific issues are flagged. The unit’s size is standard for a two-bedroom, so the price premium rests almost entirely on the modern finishes and views rather than space. Buyers weighing the price should assess whether those finishes justify the step above typical local units, and whether the lack of land or larger floorplan is a trade-off they are comfortable with.
Detailed Independent Property Report prepared by PropCred Analyst team for 203/5-11 Meriton Street, Gladesville NSW 2111
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
Income Risk
1
Execution Risk
1
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Market Insight
Gladesville presents as a well-established, high-value suburb with a clear premium for houses over units. Demand is underpinned by owner-occupiers, evidenced by a significant majority of properties being mortgaged, while a substantial rental population supports unit investment. Recent market activity shows robust price growth, particularly for houses, with a steady sales volume indicating sustained interest. Future performance will hinge on broader economic conditions, though the suburb’s inherent appeal and constrained supply provide a solid foundation for stability.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
1205m²
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