G3/6 Mckye Street, Waverton NSW 2060
G3/6 Mckye Street, Waverton NSW 2060
Ground-floor rarity | house-like footprint | village walkability | premium downsizer appeal
This property is not a typical apartment. At roughly 242 square metres on title with ground-floor access, private patio and timber decking, it behaves more like a terrace or small house substitute than a unit. That configuration is genuinely uncommon in Waverton, where most apartment stock is smaller, older or mid-rise. The open-plan interior, floorboards and contemporary finishes support a light-filled, low-maintenance lifestyle, and the position moments from the station, Peace Park and village cafés strengthens its appeal for downsizers, executives and small households who want walkability without detached-house upkeep. It sits within a low-rise complex, which adds to the calm, boutique feel. This property serves buyers prioritising space, privacy and convenience over land or traditional house form.
The value picture may be shaped by a few factors. The property’s large external area and ground-floor layout could command a premium over standard apartments, but that premium may depend on how the market prices house-like units in this street. The reported build date varies between 2008 and 2023, which might influence perceptions of condition and depreciation. Rental demand appears solid given station and school proximity, though the estimated weekly rent against the likely price suggests a modest yield, so investors may weigh capital growth more heavily than income. The absence of flood, bushfire or heritage overlays reduces risk, and the broader site’s recent redevelopment could support future value.
|| Comparable Sales: 6 McKye Street sold $8.0M in 2019; 6/16 McKye Street sold March 2023, price undisclosed | Property Price Band: $5.7M–$5.9M | Value Drivers: land-size equivalent footprint, ground-floor outdoor space, low-rise boutique setting
Detailed Independent Property Report prepared by PropCred Analyst team for G3/6 Mckye Street, Waverton NSW 2060
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
2
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Market Insight
Waverton is a tightly held lower North Shore enclave where a median age of 40 and 61% family households signal established professionals and downsizers driving demand. Houses trade at a $5.975 million median, with annual growth between 41.2% and 62.1%, reflecting acute scarcity: only 16–18 house sales yearly. Units, at $1.35–$1.4825 million, rent for $820 weekly, yielding 3.1%, while house yields sit at 1.84%. The 34% mortgage-holder rate and elevated entry prices amplify rate sensitivity. Future growth rests on harbour views, ferry and rail connectivity to the CBD, and strong school catchments; affordability caps buyer entry and supply constraints keep competition intense.
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PropCred Estimated Value
Comparable Sales: 6 McKye Street sold $8.0M in 2019; 6/16 McKye Street sold March 2023, price undisclosed | Property Price Band: $5.7M–$5.9M | Value Drivers: land-size equivalent footprint, ground-floor outdoor space, low-rise boutique setting
Bedrooms
3
Bathroom
2
Parking
1
Land
800m²
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