50/110 Reynolds Street Balmain NSW 2041

Apartment with 2 bed/2 bath in contemporary White Bay complex | Estimated $1.48m | Strong rental yield potential at 3%+ | Established building with 35% long-term residents This two-bedroom, two-bathroom apartment in a contemporary harbourside complex represents a mid-range position within the Balmain apartment market, suited to owner-occupiers seeking urban convenience and investors targeting moderate rental yields. The building itself demonstrates stability through tenure patterns, with over a third of residents holding for more than ten years, suggesting the complex maintains appeal across different ownership cycles. Recent comparable sales within the same building show prices clustering between 1.47 and 1.55 million dollars for similar two-bedroom configurations, placing this property’s estimated value of 1.48 million at the lower end of that range. The annual growth rate for comparable units over extended holding periods ranges from 3 to 5.5 percent, which aligns with broader Sydney apartment market trends rather than outperforming them. A sister unit in the building achieved a 3.18 percent rental yield at 1.535 million purchase price with 940 dollar weekly rent, suggesting this property would generate comparable returns if leased. The location directly addresses buyers prioritising waterfront proximity and park access over land size, given the building’s position fronting White Bay and established harbour precinct amenities. Apartment investments in this price bracket and location typically attract professional couples, downsizers, and yield-focused investors who value low-maintenance living and proximity to Balmain village retail and hospitality precincts. The extended holding periods observed in the building indicate properties here retain buyer interest through market cycles, though appreciation follows steady rather than accelerated patterns. Properties of this type and price point have demonstrated resilience as rental investments, though capital growth expectations should remain modest relative to broader Sydney appreciation.