63/22 Tunbridge Street, Mascot NSW 2020
63/22 Tunbridge Street, Mascot NSW 2020
renovated 2-bed security unit | 74m² floorplan | first offering in 46 years | Mascot station walkable | established building appeal
This unit stands out for its combination of genuine renovation and long-term single ownership, which is rare in Mascot’s apartment market. The 74m² floorplan is generous compared to newer stock in the area, and the security building adds a layer of appeal for owner-occupiers who value peace of mind. It sits in an established part of Mascot where the building stock is older but often better proportioned, and the location near the station and village shops makes it practical for professionals or downsizers who want city access without the premium of inner-east prices. The fact it has been held for 46 years suggests the building is solid and the complex well-managed, which reduces some of the uncertainty that comes with newer developments.
The value here may be influenced by the older building’s lack of modern amenities like a pool or gym, which some buyers in this price range expect. The floor level and aspect are not known, and these can materially affect light, noise, and outlook in a security block. Buyers should also weigh the potential for future levy increases in an older complex, even one that is well-presented. The absence of a balcony or dedicated outdoor space might limit appeal for those who want private open area, and the unit’s position within the building could affect its resale down the track. These factors should be assessed during inspection rather than assumed from the listing alone.
Detailed Independent Property Report prepared by PropCred Analyst team for 63/22 Tunbridge Street, Mascot NSW 2020
Checks found:
Value Risk
Liquidity Risk
Planning Risk
2
Income Risk
Execution Risk
1
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Market Insight
Mascot presents a market of distinct segments, with its apartment sector demonstrating robust growth, appealing strongly to young professionals drawn by high rental yields and proximity to the city. While house prices have softened recently, indicating a more measured market, the suburb’s high mortgage commitments and rental affordability pressures highlight significant constraints. Future performance will hinge on broader economic factors and the sustained demand from its core demographic within this well-located urban hub.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
1.31 acres
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