46/59 Wrights Road, Drummoyne NSW 2047

Large internal area with harbour views | Tightly held prestige building | Two side-by-side car spaces | Auction in three weeks This property presents a rare configuration in a tightly held Drummoyne building, where the combination of 159 square metres of internal space, three balconies with harbour bridge views, and two side-by-side car spaces creates a competitive advantage for buyers seeking a long-term home. The floor plan is unusually generous for a strata unit, and the building’s resort amenities—pool, sundrenched entertaining area, BBQ facilities—add lifestyle depth that supports owner-occupier demand. The property is best suited to downsizers or professional couples who prioritise space, light, and direct water views without trading convenience. The recent off-market sale of unit 5/59 at $1,740,000 provides a relevant benchmark, and the current listing’s auction campaign suggests the vendor is seeking a decisive result in a market where three-bedroom apartment values have softened 26.9 percent over the past year. The principal risk is the timing: the auction is scheduled for late May, and the property has been on market only one week, which may limit buyer exposure and competitive tension. Strata levies of nearly $3,000 per quarter are above average and should be weighed against the building’s age and common property condition—an inspection of the pool and common areas is warranted. The opportunity lies in the view and space premium: comparable units without harbour outlooks have sold lower, meaning this property may hold value better during a downturn, and the NBN fibre to the building is a supporting amenity for remote workers. For an owner-occupier, the combination of ferry access, school catchments, and low-density living in a prestige block offers genuine scarcity.