22/386-390 Mowbray Road W, Lane Cove North NSW 2066
22/386-390 Mowbray Road W, Lane Cove North NSW 2066
Top-floor position | leafy outlooks | single parking | Lane Cove North | auction 20 May
This unit occupies a top-floor position in a low-rise block, which gives it natural light and a private balcony that similar ground-floor units simply don’t have. The single parking space is a practical advantage in this area, and the Mowbray Public School and Chatswood High School catchments add genuine buyer appeal for owner-occupiers or investors targeting families. The elevated setting and 40% owner-occupancy rate suggest the building is stable but not tightly held, which can work in a buyer’s favour at auction if competition is thin. It best suits a first-home buyer or a downsizer who values light and location over internal square footage.
The main risk is the 60% rental tenancy, which can affect building presentation and borrowing appetite for some lenders, and the unit itself may need updating given no recent renovation is noted. There is no flood or bushfire overlay, which removes a common insurance cost. The recent March 2026 sale in the same block at $730,000 provides a transparent price benchmark, though that unit was a different configuration. The buyer should inspect for strata health and any upcoming levies. Hold this property as a long-term entry into a well-located suburb with solid school demand.
Detailed Independent Property Report prepared by PropCred Analyst team for 22/386-390 Mowbray Road W, Lane Cove North NSW 2066
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
2
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Market Insight
Lane Cove North is a well-established Lower North Shore suburb with a strong professional demographic and excellent parkland amenity. Demand is driven by families and professionals seeking quality housing, alongside apartment buyers attracted by its accessibility. Recent price trends have been relatively flat, reflecting a market at fair value after a long period of steady growth. Future performance will hinge on broader economic conditions and the balance of local supply against sustained demand from high-income households.
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PropCred Estimated Value
Bedrooms
1
Bathroom
1
Parking
1
Land
2090m²
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