23/2-12 Eastbourne Road, Darling Point NSW 2027
23/2-12 Eastbourne Road, Darling Point NSW 2027
3-bed apartment, harbour views, resort-style block, 1970s build, tight-hold cul-de-sac | Eastbourne Tower, Darling Point | Pool, lift, caretaker, secure parking | North-east aspect, city skyline outlook | Strata living, lower maintenance
This is a competitively strong property within Darling Point’s prestige apartment market. The 3-bed, 2-bath configuration with two car spaces places it in the upper tier of strata stock, where larger layouts are scarce and sought after. The building’s shared amenities—pool, landscaped grounds, lift access, and an onsite manager—offer a resort-style lifestyle that typical boutique blocks lack. Its north-east corner position captures harbour views over Double Bay and the city skyline, a rare visual edge that lifts desirability. This unit suits downsizers trading house maintenance for convenience, and professionals or families wanting inner-east living without sacrificing space. The peaceful cul-de-sac setting and proximity to Edgecliff station, Double Bay village, and the foreshore reinforce its dress-circle appeal, making it a solid choice for those prioritising lifestyle and location over private land.
Value may be shaped by the 1970s building age, which could imply older common areas and potential strata levies for upgrades, though recent approval for alterations suggests ongoing improvements. Floor level, aspect, and renovation state materially affect price—higher floors with unobstructed views command premiums, while dated interiors may cap upside. Parking count also influences value; two spaces are a distinct advantage. The active strata works indicate a well-managed scheme, but buyers should weigh future contribution risk. Rental demand for larger prestige apartments appears steady, with yields around mid-3%, supporting investment appeal. The property’s price will hinge on how the current presentation compares to renovated lots in the same complex, and whether the outlook is fully realised from the unit’s position.
|| Comparable Sales: 33/2-12 Eastbourne Road sold $2.176M; 12/2-12 Eastbourne Road estimated $2.885M | Property Price Band: $2.5M–$2.9M | Value Drivers: Harbour views, floor level, renovation condition, parking count
Detailed Independent Property Report prepared by PropCred Analyst team for 23/2-12 Eastbourne Road, Darling Point NSW 2027
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
1
Income Risk
2
Execution Risk
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Market Insight
Darling Point is a harbourside prestige enclave, with a strata-heavy mix—69% of properties are apartments—and high cash purchase activity: only 29% of owners hold a mortgage, pointing to wealthy, equity-rich buyers seeking scarce waterfront addresses. Recent price data is conflicting but telling: median house price ranges from $7.5 million to $14.05 million, with reported 12-month growth of 50% against a 10-year CAGR of just 3.9%, suggesting a sharp recent spike above long-term trend. Units show more consistent momentum, with median prices between $2.385 million and $2.95 million and 12.38% annual growth. Demand is driven by exclusivity and lifestyle appeal, but constraints are significant: thin sales volumes (11–15 houses, 59 units), low gross rental yields (houses 1.11%, units 2.39–2.8%), and a current cycle position below long-term trend. Affordability thresholds are extreme, and divergent data sources underline market volatility.
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PropCred Estimated Value
Comparable Sales: 33/2-12 Eastbourne Road sold $2.176M; 12/2-12 Eastbourne Road estimated $2.885M | Property Price Band: $2.5M–$2.9M | Value Drivers: Harbour views, floor level, renovation condition, parking count
Bedrooms
3
Bathroom
2
Parking
2
Land
1.11 acres
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