307/177 Russell Avenue, Dolls Point NSW 2219

Oversized 2-bedroom | Dual parking & bathrooms | New ORA building | Waterviews | Auction scheduled. This unit presents a configuration advantage in its suburb, combining two bedrooms with two bathrooms and two car spaces, a rare offering that typically commands premium occupancy from both small families and professional couples. Its position within a new, 36-unit development with described timeless design suggests a lower maintenance burden and modern finishes, while the established rental performance of an identical layout in the same building demonstrates strong income potential. This property is best suited for an owner-occupier seeking space and quality in a waterside location, or an investor targeting long-term capital growth supported by scarce attributes. Proceed with the understanding that the auction mechanism transfers pricing risk entirely to the buyer, requiring a disciplined cap based on comparable evidence. The primary opportunity lies in securing a modern, well-appointed unit in a tightly held precinct where 44% of owners hold for over a decade, indicating resident satisfaction. However, the lack of detailed sale history for oversized two-bedroom apartments in this exact building necessitates a conservative valuation, using the July 2025 same-building sale of $2,000,000 as an absolute ceiling. Acquire only if the winning bid remains below that benchmark, positioning it as a long-term hold to benefit from the scarcity of its layout. Recent comparable sales on Russell Avenue provide critical context: – 8/161-163 (2/1/1): Sold $990,000 after 25 years. – 203/172-174 (3/2/2): Sold $2,350,000 after 14 years. – 11/180 (2/1/1): Sold $813,000 after 3 years. – G05/177 (2/2/2 in same building): Purchased $2,000,000 in July 2025. This data confirms a broad price spectrum driven by size, condition, and building quality. The subject property, with its superior two-bathroom, two-parking configuration and new build status, should logically transact significantly above the older two-bedroom comparables, yet the $2,000,000 same-building sale establishes a tangible recent ceiling for your bid strategy.