24/5 Bay Drive, Meadowbank NSW 2114

24/5 Bay Drive, Meadowbank NSW 2114
1-bed apartment in Meadowbank | 2005 build, Waterpoint complex | 1 car space, 1 bath | smaller configuration, investor appeal | no flood or heritage overlay This property is competitively strong as a modern one-bedroom apartment in a well-regarded riverside complex, built in 2005, which places it newer than much of the suburb’s older housing stock. Its configuration serves singles, couples, downsizers, or investors well, but it is smaller than the more common two-bedroom units in the area, so it may not suit families. The Waterpoint complex is described with stylish finishes and timber flooring, and the location offers good school catchment access, 5G coverage, and a residential setting in the Ryde LGA. This property is best suited for a buyer seeking low-maintenance living with modern amenities rather than a large family home. The one-bedroom layout may limit its appeal to a narrower buyer pool, which could affect how quickly it sells or the final price achieved. Its estimated rent of around $850 per week suggests reasonable rental demand, but the smaller floor area means it competes with other entry-level stock in the precinct. The lack of confirmed aspect, floor level, or detailed amenity schedule means a buyer should verify these factors in person, as they might influence liveability and value. Overall, the property offers a solid entry point into Meadowbank’s apartment market, but its price should reflect its compact size and strata ownership structure.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 24/5 Bay Drive, Meadowbank NSW 2114
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Market Insight:

Meadowbank presents as a transport-connected suburb with a high rental population, attracting young professionals and investors seeking relative affordability near major employment hubs. Demand is driven by this strong tenant base and proximity to infrastructure, though the market shows recent price sensitivity, particularly for houses, with constrained supply heightening competition. Future growth is linked to ongoing precinct development, yet affordability pressures and interest rate exposure remain key constraints for buyers.
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PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

2

Land

159mยฒ

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