29/1-3 Cherry Street, Warrawee NSW 2074

29/1-3 Cherry Street, Warrawee NSW 2074
2 bed 2 bath 1 car | generous full brick apartment | Warrawee prestige setting | school catchment appeal | limited apartment supply The property is a well-proportioned two-bedroom apartment within a solid full brick building, offering generous internal space that is not always typical of modern strata developments. Its location in Warrawee places it within a quiet, tree-lined suburb known for its prestige detached housing, meaning this apartment represents a narrower but sought-after slice of local stock. This type of property is likely best suited to downsizers seeking a lower-maintenance base without leaving the North Shore, professional couples prioritising access to reputable public school catchments, and investors targeting steady rental demand driven by the area’s established infrastructure and rail corridor. The full brick construction and generous floorplan give it a sense of quality and durability that can appeal beyond the standard apartment buyer. The value of this unit may be influenced by its exact floor level and aspect, which could affect light, privacy, and outlook. While the building’s full brick construction and generous proportions are strong signals, the absence of confirmed building amenities such as a pool or gym might narrow its appeal to buyers who prioritise space over resort-style features. The limited supply of apartment stock in Warrawee means resale and rental demand may be more dependent on school catchment strength and the suburb’s overall reputation than on the property’s own amenities. Buyers might also weigh whether the estimated rental yield reflects achievable market rent or if adjustments are needed for modernisation or floor level
Detailed Independent Property Report prepared  by PropCred Analyst team for 29/1-3 Cherry Street, Warrawee NSW 2074
Checks found:
Value Risk ✓
Liquidity Risk ✓
Planning Risk ! 1
Income Risk ✓
Execution Risk ✓
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Warrawee NSW 2074

Warrawee is an established Upper North Shore suburb experiencing a significant market correction, with house prices under considerable pressure. Recent sales activity indicates demand persists for premium properties, though overall volume remains low. The market is currently characterised by a constrained rental supply and a clear buyer’s advantage, with houses taking approximately a month to sell. Future performance will hinge on broader economic conditions and the suburb’s enduring appeal to upsizers seeking its tranquil setting and connectivity.
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PropCred Estimated Value

Bedrooms

2

Bathroom

2

Parking

1

Land

1.13 acres

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Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst