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1-16/25 Macpherson Street, Waverley NSW 2024

Expressions Of Interest

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$14M - $15M Medium Confidence Calculated based on our search observations.

Apartment 15 Beds 15 Baths

Listed: 19th Jul 2026

Updated: 5 hours ago

Overview

This rare offering presents a substantial block of 15 oversized apartments nestled on the border of Sydney's coveted Eastern Suburbs, close to Bronte, Clovelly, and Coogee beaches. The scale of this single holding is exceptional as blocks of this magnitude rarely appear, making it a unique opportunity for savvy investors.

The apartments each feature a sunroom or study, highlighting their generous proportions and flexibility to suit varied tenant needs. There is significant potential for modernisation and reconfiguration, including converting current one-bedroom-plus-study layouts into two-bedroom apartments subject to council approval. This scope for improvements opens up valuable opportunities to enhance rental income.

Set within a solid, well-maintained brick building, this property offers an immediate income stream and a sturdy foundation for future uplift. The coastal charm combined with urban convenience ensures consistent tenant demand, supported by low vacancy rates in this sought-after locale.

Prime coastal location close to beaches and Centennial Park
Strong demand from quality tenants seeking lifestyle and convenience
Potential for reconfiguration to improve rental returns
Some apartments offer water and district views, adding to their appeal
Blue-chip growth area known for long-term investment stability

Given its location, size, and investment appeal, this property block will suit investors looking to secure a substantial asset in a highly desirable market with potential for capital growth and steady rental income in Sydney's Eastern Suburbs.

Local Market Insights

In Waverley, Quiet Listings observed 7 new apartments entering the market over the last 30 days, unchanged from 7 in the prior period, with an average advertised asking price of $1,085,000. The property type mix of listed properties is predominantly Apartments at 47%, followed by houses (29%), and units (12%). The most active agency for apartments in the Waverley area is currently McGrath Estate Agents, representing 29% of new listings, followed by Ray White with 29%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.