21/299 Burns Bay Road Lane Cove NSW 2066
21/299 Burns Bay Road Lane Cove NSW 2066
3 bed apartment |Last sold $1.14m in 2020 |Recently relisted |Strong family appeal in leafy pocket|This three-bedroom apartment with two bathrooms and two parking spaces suits families or professionals seeking spacious strata living near waterfront recreation and transport links.
Positioned on the third floor of a full brick complex, it delivers practical family scale in a well-connected street setting, with level entry and a balcony that captures breezes for everyday use. Its recent updates enhance livability without overcapitalising, aligning with buyers who prioritise low-maintenance comfort over expansive grounds. In this pocket of Burns Bay Road, where similar three-bedroom units hold steady amid denser developments, it stands out for blending apartment convenience with suburb-close green spaces. Families drawn to the area often target these for school proximity and bus access, avoiding the premium of freestanding homes nearby. Market data shows comparables like those in adjacent Waterview Street trading briskly, suggesting this one’s 2020 purchase price has scope for uplift given tight local supply. Long-term, its position buffers it from flood risks while a bushfire overlay prompts due diligence, yet the council zoning supports stable strata values. Holding appeal lies in demographic balancebalanced age groups ensure demand from upgraders and downsizers alike. Recent relisting after just days underscores owner pricing realism in a market favouring quick turns for updated stock. Overall, it positions as a reliable mid-tier option, tracking broader unit resilience without chasing house price growth.
Detailed Independent Property Report prepared by PropCred Analyst team for 21/299 Burns Bay Road Lane Cove NSW 2066
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
2
Execution Risk
2
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Market Insight
Lane Coves leafy village vibe, riverfront parkland, quality schools, The Canopy retail strip and efficient Lower North Shore connections keep professionals and families chasing the short CBD commute plus lifestyle amenities.
Houses have slipped roughly 45% year-on-year with a quarter decline of 4.6%, so prices have softened over the last six months even as listings remain limited and buyers still need compelling offers.
The key risks are affordability and very low rental yields around 2%, yet constrained supply, high-income demographics and signs the suburb now sits below its long-term trend combine to offer patient growth opportunity once broader rate stability arrives.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
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