7/387 Alfred Street N, Neutral Bay NSW 2089
7/387 Alfred Street N, Neutral Bay NSW 2089
1 bed, 1 bath, 1 car | 61m² internal on Lower North Shore | School catchment advantage | Compact footprint in a premium suburb
This apartment’s competitive strength lies in its configuration and location. A one-bedroom unit with a dedicated car space is increasingly rare in Neutral Bay, particularly within the North Sydney school catchment. The 61 square metre internal area is compact but functional, and the combination of parking and schooling access makes this property particularly suited to professional singles, couples, or investors targeting tenants who commute to the city. The suburb itself commands strong demand due to its proximity to the harbour, transport, and retail, meaning this unit benefits from a location that consistently attracts interest from both owner-occupiers and investors.
What may affect the property’s value is the absence of verified building amenities and the modest internal size. Without knowing the floor level, aspect, or construction year, it is difficult to assess how this unit compares to others in the same building. The compact footprint might limit appeal for buyers seeking more generous living space, and the lack of common facilities could reduce its premium over similar apartments in less expensive suburbs. A prospective buyer should weigh these factors carefully when forming a view on price, as the property’s ultimate value will depend heavily on its specific position within the building and the quality of its finishes.
Detailed Independent Property Report prepared by PropCred Analyst team for 7/387 Alfred Street N, Neutral Bay NSW 2089
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
1
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Market Insight
Neutral Bay is a well-established, high-value suburb where house prices have demonstrated sustained long-term capital growth, contrasting with a recent softening in the unit market. Demand is driven by local professionals and sustained investor interest, bolstered by significant infrastructure projects enhancing connectivity. Current market conditions are characterised by a pronounced supply shortage, creating competitive pressure that sees houses selling above expectations. Future growth is underpinned by these infrastructure upgrades and anticipated international buyer activity, though the primary constraint remains the acute imbalance between available listings and buyer demand.
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PropCred Estimated Value
Bedrooms
1
Bathroom
1
Parking
1
Land
998m²
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