404/17 Grosvenor Street, Neutral Bay NSW 2089

Oversized studio with one-bedroom proportions | top-floor position in small boutique block | 56sqm internal space | three car spaces noted inconsistently | Neutral Bay convenience The property occupies a rare configuration niche: a 56sqm studio that functions as a one-bedroom apartment, placed on the top floor of an 18-property complex with a 65% owner-occupancy rate. For a buyer seeking genuine space in a studio format, this avoids the typical compromise of shoebox layouts. The three parking spaces—if confirmed—represent an extraordinary advantage in Neutral Bay, where off-street parking is scarce and separately valuable. This property best suits a downsizer or investor looking for low-maintenance scale without the price tag of a full one-bedroom, or a buyer who can leverage the parking as a rental income offset. The parking inconsistency is a material risk; if only one space exists, the property loses a major differentiator. The 2015 last-sale data is stale, leaving the buyer without a clear price ceiling from recent comparable sales in the building. The 35% renter ratio suggests moderate turnover risk but is offset by the high owner-occupancy. The buyer should verify strata records for parking allocation and conduct a pre-auction building inspection. Hold for steady rental yield or occupy as a spacious inner-harbour base with strong resale appeal from the boutique block and top-floor position.