8D/45 Ocean Avenue, Double Bay NSW 2028

Top-floor penthouse | north-facing harbour views | oversized three-bedroom layout | iconic Double Bay address This property presents a rare combination of a top-floor penthouse position, a true north aspect, and expansive harbour views within an iconic building, creating a scarcity premium in the Double Bay market. The oversized internal area and two-car parking solidify its appeal to owner-occupiers seeking a premium, light-filled residence or to investors targeting the high-end rental segment, where its unique attributes command a significant rent premium. The primary decision point is the premium pricing inherent in such a distinctive property, which may limit short-term capital growth relative to more standard stock. The flood overlay necessitates specific due diligence on insurance costs and potential future council regulations. This unit is best held as a long-term lifestyle asset or a high-yield rental; its unique features are not easily replicated, providing enduring value. A Propcred report would precisely quantify its market valuation against recent sales, detail locality-specific flood risks, and benchmark potential strata and insurance costs. Recent sales data for the specific building at 45 Ocean Avenue shows four properties sold recently, though details are unspecified. The property itself last sold in 2023, indicating a relatively quick turnaround that warrants investigation into the vendor’s motivation. This activity confirms the building’s liquidity and provides essential comparables to assess whether the current asking price reflects a premium for the penthouse’s superior position and aspect.