602/268-274 New South Head Road, Double Bay NSW 2028

Harbour views from high floor | 2 bed unit in Double Bay | Flood overlay present | Listed for sale and rent This unit presents a competitively strong proposition for its elevated northerly aspect and views, a feature that is rare and permanently valuable in this tightly held suburb. The configuration aligns with the most common and liquid profile in Double Bay, serving both owner-occupiers seeking a view-oriented lifestyle and investors targeting the established rental market, as evidenced by its concurrent listing for lease. Its position on a high floor with lift access in a substantial strata building offers a low-maintenance entry point into a premium location, best suited to a buyer prioritising outlook over private outdoor space. The reliable broadband and intercom are functional supports, but the harbour vista is the primary value driver. The decision hinges on the flood overlay risk, which imposes potential future insurance costs and financing complications that directly erode yield and capital growth. The absence of recent comparable sales data for this specific building necessitates a conservative valuation approach, treating general suburb medians as an optimistic ceiling. The opportunity lies in securing a view property below house prices, with the commercial logic of immediate rental income to offset holding costs while awaiting long-term appreciation. Proceed only with a detailed strata report and flood impact assessment, and structure an offer well below the guide to account for the overlay and the unit’s standard configuration outside of its aspect. This property is a hold for the view, not for speculative gain.