6/65 Lucerne Street, Belmore NSW 2192
6/65 Lucerne Street, Belmore NSW 2192
2-bed 58 m² 1970 unit | balcony | small strata block | Belmore | investor appeal
This compact two-bedroom apartment is positioned well within Belmore’s established low-rise apartment market. Its small-block setting is considered an advantage by buyers who prefer fewer neighbours and lower strata overheads than high-rise projects. A balcony and single car space are included, and the 58 square metre interior, while modest, is functional for a small household. The 1970 build is typical of the suburb’s older stock, which gives the property a sense of place rather than a discount. It is best suited to first-home buyers, downsizers, and investors who value rental demand, transport proximity, and school access over modern fixtures. The combination of two bedrooms, parking, and balcony is seen as a strong entry point into a competitive inner-west unit market, while the small-block character provides a scarce alternative to larger developments.
Value may be affected most by presentation and updating. A dated kitchen or bathroom might cap offers, while refreshed finishes could lift them. Floor level and orientation may be used to judge light and noise; absent amenities, value is placed on size, location, and condition. Cosmetic upside should be weighed against older-building maintenance via strata levies.
Detailed Independent Property Report prepared by PropCred Analyst team for 6/65 Lucerne Street, Belmore NSW 2192
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
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Market Insight
Belmore remains a tightly held family market, with 72 annual house sales and just eight listings recently. The 81% auction clearance for four-bedroom houses signals buyer depth, driven by established connectivity via Burwood Road and surrounding rail. Median house prices sit at $1.78 million, up 5.5% annually, while units trade at $650,000 with 4.8% growth. Houses spend 36 median days on market, reflecting absorption. Rental yields are slim for houses at 2.4%, stronger for units at 4.5%, supported by weekly rents to $870. Future constraints centre on affordability, with typical house values between $1.5 million and $2 million, and volatile growth readings spanning -1.59% to 5.95% across sources.
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PropCred Estimated Value
A realistic price band for this unit is $510,000 to $565,000, reflecting current market sentiment around a value near $520,000 with allowance for recent movement. A same-building two-bedroom apartment sold for $525,000 in August 2024, while the subject itself last changed hands at $425,000 in early
Bedrooms
2
Bathroom
1
Parking
1
Land
694m²
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