513/46 Mcevoy Street, Waterloo NSW 2017
513/46 Mcevoy Street, Waterloo NSW 2017
513/46 McEvoy Street is a 2-bedroom, 2-bathroom fifth-floor apartment with an open-plan layout, stone kitchen, ensuite, internal laundry, and a covered balcony. It includes one secure car space and a storage cage within a resort-style complex featuring a pool, spa, gym, and landscaped gardens.
This apartment is competitively positioned as a premium inner-city offering, standing out from Waterloo’s older brick stock through its resort amenities and modern finishes. The fifth-floor aspect and generous balcony provide a light-filled living experience that is rare in high-density developments. It is best suited to professionals or downsizers seeking a lock-and-leave lifestyle with strong rental appeal, given the estimated yield and proximity to the metro and CBD. The onsite childcare and ground-floor retail add everyday convenience that strengthens its desirability for owner-occupiers.
The property’s value may be influenced by the broader market slowdown, with values in the area declining recently and properties taking longer to sell. The unit’s premium positioning could insulate it from sharper drops, but buyers should weigh this against the slower turnover. The total land area of 7,148 m² applies to the entire complex, not the individual unit, so land value is minimal. The building’s age, likely mid-to-late 2000s, may affect long-term maintenance costs, though the amenities and secure parking remain strong retention factors.
Detailed Independent Property Report prepared by PropCred Analyst team for 513/46 Mcevoy Street, Waterloo NSW 2017
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
2
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Market Insight
Waterloo is a high-density inner-city suburb undergoing significant urban renewal, attracting young professionals and families seeking urban convenience. Demand is driven by its strategic location near the CBD, ongoing infrastructure projects, and expanding local amenities. The unit market shows stable growth, while house prices have experienced recent volatility. Future growth is anchored in continued development and economic resilience, though rising prices present affordability constraints and potential market sensitivity to broader economic changes.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
1.77 acres
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