23/81-91 Military Road Neutral Bay NSW 2089
23/81-91 Military Road Neutral Bay NSW 2089
Large 3-bed unit in quiet rear position | Designer renovated | Prime Neutral Bay location | Near top public school
This property presents a competitively strong offering due to its above-average internal size for a Neutral Bay unit and its peaceful, rear-lane aspect, a rarity in this dense, vibrant hub. The recent high-quality renovation and three-bedroom configuration serve a buyer seeking low-maintenance, modern living in an absolute convenience location, ideally suited for a professional couple or small family leveraging the excellent school catchment.
Proceed with the understanding that the 2023 resale indicates a short holding period, requiring scrutiny of the vendor’s motive and any strata issues. The building’s median price point and moderate auction clearance rate signal a specific market segment; success requires pricing discipline against true comparables. Acquire for long-term occupation, as the size and position support sustained livability over speculative gain. Our analysis provides the precise market valuation and locality risk assessment needed to secure this property at a commercially logical level.
Recent sales within the building show a median of $2.4 million, which contextualizes this guide price for a larger-than-typical unit. The absence of precise comparable sales data for a 143m² three-bedroom unit in this immediate block underscores the necessity for a tailored valuation to establish a competitive bid.
Detailed Independent Property Report prepared by PropCred Analyst team for 23/81-91 Military Road Neutral Bay NSW 2089
Market Insight:
Neutral Bay is a well-established, high-value suburb where house prices have demonstrated sustained long-term capital growth, contrasting with a recent softening in the unit market. Demand is driven by local professionals and sustained investor interest, bolstered by significant infrastructure projects enhancing connectivity. Current market conditions are characterised by a pronounced supply shortage, creating competitive pressure that sees houses selling above expectations. Future growth is underpinned by these infrastructure upgrades and anticipated international buyer activity, though the primary constraint remains the acute imbalance between available listings and buyer demand.