5423/84 Belmore Street, Ryde NSW 2112

5423/84 Belmore Street, Ryde NSW 2112
2-bed/2-bath secure parking | walk to station, ferry, shops | larger than typical Ryde unit | solid investor demand | apartment density This unit is considered a competitive option within Ryde’s apartment market, offering a two-bedroom, two-bathroom configuration with secure parking, which is a practical fit for professional couples or small families. The building’s contemporary design and proximity to Meadowbank Station, the ferry, and Top Ryde City strengthen its appeal for buyers seeking a low-maintenance lifestyle. It is expected to attract reliable rental demand, making it suitable for both owner-occupiers and investors. The exact floor level and outlook may be considered influential on value, as some apartments face internal gardens while others are exposed to street noise. The building’s mixed appreciation history suggests that condition and presentation might affect the sale price. The unit’s aspect and position within the complex could be weighed when forming a view on price.
Detailed Independent Property Report prepared  by PropCred Analyst team for 5423/84 Belmore Street, Ryde NSW 2112
Checks found:
Value Risk ! 1
Liquidity Risk
Planning Risk ! 1
Income Risk ! 1
Execution Risk 2
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Market Insight

Ryde sits in Sydney’s mid-to-upper price tier, with house medians ranging from $2.45 million to $2.72 million and units steady near $725,000. Demand is underpinned by proximity to transport, major roads and ongoing infrastructure upgrades, supported by robust sales activity—some sources record 315 house sales in the past year. House rents rose 10.5%, reflecting strong tenant demand, though gross yields remain thin at roughly 2.1–2.5%. Units offer a higher return near 5%, but prices are flat. House price growth varies from 2.1% to 3.52% on most data, with one source citing 9.2%. Median days on market for houses sit between 38 and 44, suggesting balanced conditions. Future growth relies on connectivity improvements and rental strength, while affordability at a $2.72 million median and uneven sales volumes across sources remain key constraints.
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PropCred Estimated Value

Comparable Sales: 5215/84 Belmore St sold $755,000; 5417/84 Belmore St sold $720,000 | Property Price Band: $700K–$800K | Value Drivers: condition, aspect, parking

Bedrooms

2

Bathroom

2

Parking

1

Land

2615m²

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
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