4/290 New South Head Road, Double Bay NSW 2028

2-bed, 1-bath, 1-car unit | 72.9m² | Flood zone | Last sold Oct 2023 | Premium Double Bay pocket This unit presents a rare entry point into Double Bay’s premium market, where its compact 72.9m² configuration is offset by a full one-car garage, a feature that commands a premium in this sought-after postcode. The brand new bathroom and kitchen upgrades remove immediate capital expenditure, positioning it as a turnkey proposition for an owner-occupier or investor seeking a low-maintenance foothold. The location, within walking distance to Edgecliff Station, Double Bay village, and ferry access, ensures strong rental demand and capital resilience, making it most suitable for a professional couple or downsizer prioritising convenience over space. The flood zone overlay is the primary risk, potentially affecting insurance premiums and resale liquidity, which a buyer must quantify through a strata search and insurance quote before committing. The 72.9m² internal footprint, while efficient, limits family appeal and future value uplift from renovation, meaning the property is best held as a stable long-term hold rather than a flip. For an investor, the 2023 purchase price of $1,275,000 provides a clear cost base, and given the location, a buyer should target a holding period of at least five years to absorb transaction costs and benefit from eastern suburbs capital growth.