504/1A Clement Place, Rushcutters Bay NSW 2011

2 bed, 2 bath, 2 parking | Heritage overlay | Level 5 | Long-term resident majority | 5G coverage This unit presents a competitively strong configuration within its building, offering two parking spaces where comparable two-bedroom units have only one. This is a tangible asset in a dense urban location. The property is best suited for an owner-occupier who values the character of a heritage conservation area and the stability indicated by a building where over a third of residents have held for a decade or more. The school catchments are a clear benefit for a family buyer. Decision hinges on the limited comparable sales data from within the building, which shows wide variance in annual growth. The heritage overlay may impose restrictions on future alterations, a cost in flexibility. The opportunity lies in acquiring a well-configured unit in a building with demonstrated long-term capital growth, particularly for a buyer who will hold for a decade to smooth out individual sale variances. Proceed with a building inspection to clarify potential maintenance liabilities associated with an older, heritage building. Recent sales within the building show: – Unit 508 (2 bed, 2 bath, 1 car): $1.95M, 4.24% annual growth over 23 years. – Unit 309 (2 bed, 2 bath, 1 car): $2.425M, 5.74% annual growth over 23 years. The significant price disparity between these similar two-bedroom units underscores that specific attributes like aspect, condition, and floor level materially impact value. Your unit’s second parking space positions it above the lower sale.