4/534 New South Head Road, Double Bay NSW 2028

North-facing boutique apartment | Double Bay pocket | 79sqm internal | lift access | auction 30 May This unit occupies a rare position in Double Bay: a north-facing, level-access apartment in a boutique building, with an internal footprint that competes well against newer but tighter stock. The orientation ensures consistent natural light, and the lift access removes a common friction point for downsizers or investors targeting the professional tenant market. At 79sqm, the floorplan offers genuine two-bedroom liveability, not the compressed layouts typical of recent developments. The property suits a buyer seeking low-maintenance harbour-side living without sacrificing space or aspect, and the 65% owner occupancy in the building signals a stable, well-managed strata environment. The primary risk is the 2024 purchase price of $1.06m, which sets a recent floor but also implies the vendor may hold a tighter margin than expected. The 35% rental mix, while not problematic, means buyer due diligence on strata levies and sinking fund is warranted. The opportunity lies in the pricing gap to the $2.2m suburb median,this unit is not comparable to premium harbour-front stock, but its configuration and condition allow it to trade at a discount while still offering above-average livability. Hold for steady capital growth driven by Double Bay’s supply constraints and lifestyle demand, or rent for a projected $1,040pw yield with low vacancy risk.