22/60 Drumalbyn Road, Bellevue Hill NSW 2023

West-facing balcony | Refurbished studio in premium suburb | Strong owner-occupier demand | Compact but efficient layout | Leafy quiet pocket This property’s primary competitive edge is its refurbished condition in a suburb where median unit prices exceed $770,000, offering a lower entry point without sacrificing location quality. The west-facing balcony and open plan layout with separate zones create a liveable studio that competes well against older stock, making it suitable for first-time buyers seeking a foothold in Bellevue Hill or investors targeting the 45% renter demographic. The recent updates,gas kitchen, oak flooring, internal laundry,remove immediate renovation costs, strengthening negotiating position against similar units. The flood overlay is the principal risk, potentially affecting insurance costs and resale appeal to cautious buyers, though no other overlays compound this. The 38 m² size limits future capital growth compared to larger units, but the 15% growth since 2016 aligns with suburb averages, indicating no overpayment at current guide. Hold for medium-term capital gain or lease immediately given strong rental demand in the area, using the refurbishment as a yield advantage.