6/13-17 Murray Street, Lane Cove North NSW 2066

6/13-17 Murray Street, Lane Cove North NSW 2066
Second-floor corner unit with minimal common walls | newly renovated throughout with premium finishes | quiet leafy outlooks in a boutique block of twelve | strong recent building comparables support value. This property occupies a competitively strong position within its building, being a second-floor corner unit that shares only minimal common walls, which materially reduces noise transfer and enhances privacy. The recent full renovation, including solid timber benchtops, stainless steel appliances, new bathroom, and engineered timber floors, removes the need for immediate capital outlay and positions the unit as a turnkey proposition for an owner-occupier or an investor seeking a premium rental product. The leafy, tree-filled outlooks from the balcony and bedrooms are a rare configuration in a boutique block of twelve, and the inclusion of a lock-up garage and internal laundry adds practical appeal. This property best serves a professional couple or small family prioritising a low-maintenance, move-in-ready home in a well-regarded suburb with strong school catchment appeal. The primary risk is that the current mid-estimate of $920,000 sits above the 2021 purchase price of $800,000, reflecting five years of subdued growth in Lane Cove North, and the building has seen only two sales in the past eighteen months, which limits direct comparable evidence. The opportunity lies in the renovation having been completed to a standard that typically commands a premium over unrenovated units in the same block, and the proximity to Mowbray Public School and transport options supports consistent rental demand. This property should be held as a long-term owner-occupied residence, where the renovation quality and quiet position will sustain its value, or leased for a stable yield of approximately 3.7%.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 6/13-17 Murray Street, Lane Cove North NSW 2066
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Market Insight:

Lane Cove North is a well-established Lower North Shore suburb with a strong professional demographic and excellent parkland amenity. Demand is driven by families and professionals seeking quality housing, alongside apartment buyers attracted by its accessibility. Recent price trends have been relatively flat, reflecting a market at fair value after a long period of steady growth. Future performance will hinge on broader economic conditions and the balance of local supply against sustained demand from high-income households.
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PropCred Estimated Value

Bedrooms

2

Bathroom

1

Parking

1

Land

2226mยฒ

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