341/3 Darling Island Road, Pyrmont NSW 2009
341/3 Darling Island Road, Pyrmont NSW 2009
3-bedroom apartment | 230sqm floorplan | 3-car parking | Pyrmont waterfront | off-market for 23 years
This property presents a rare opportunity in Pyrmont, having been held for over two decades and now offered for the first time since 2003. The 230sqm floor area with three bedrooms and three bathrooms positions it as a genuinely spacious apartment, uncommon in the current market. The three open car spaces add significant utility, particularly for a buyer who values parking in a dense urban precinct. The property is best suited to an owner-occupier seeking a long-term home in a well-connected location, or a buyer looking for a premium holding with scarcity value.
The key risk is the current market clearance rate of 35% in Pyrmont, suggesting softer demand at the upper price levels. The 2003 purchase price of $5.4 million and current estimated valuation of $5.77 million indicate limited capital growth over 23 years, which may concern a buyer focused on appreciation. However, the property’s long off-market period and unique configuration offer a chance to acquire something genuinely rare. The buyer should hold this property as a primary residence, leveraging its scarcity and location for long-term lifestyle value rather than short-term capital gain.
Detailed Independent Property Report prepared by PropCred Analyst team for 341/3 Darling Island Road, Pyrmont NSW 2009
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
Income Risk
1
Execution Risk
2
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Market Insight
Pyrmont is a well-established, high-amenity inner-city suburb undergoing significant renewal, attracting professionals and yield-focused investors. Demand is driven by corporate relocations to the precinct and new high-rise developments, supporting apartment growth while freestanding houses remain scarce. Recent price trends show a softening in the housing market, with unit yields compressing as prices have outpaced rents. Future growth is underpinned by major infrastructure like light rail extensions and waterfront revitalisation, though the market faces risks from increasing supply and potential shifts in buyer sentiment.
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PropCred Estimated Value
Bedrooms
3
Bathroom
3
Parking
3
Land
2011m²
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