20 Byrnes AvenueNeutral Bay NSW 2089
Property Details for 20 Byrnes Ave, Neutral Bay
Last Listing description (June 2026)
JLL as exclusive selling agents, present 20 Byrnes Avenue, Neutral Bay, a 579 sqm* dual-purpose asset offering exceptional flexibility as either a value-add refurbishment investment or an LMR development opportunity. SALE HIGHLIGHTS: DUAL OPPORTUNITY ASSET WITH MULTIPLE VALUE PATHWAYS Versatile 579 sqm* site: execute value-add refurbishment of existing 6-unit building, or pursue LMR development (up to 1,655 sqm^ GFA & 8-storeys^). IMMEDIATE INCOME WITH REFURBISHMENT UPSIDE Gross annual income of $156,780* from 6x 2-bedroom units. Fantastic value-add potential through cosmetic upgrades to unlock enhanced rental yields. DEVELOPMENT POTENTIAL Zoned R3 Medium Density Residential, The site falls within the low to mid-rise housing policy (LMR) benefiting from 2.2:1 FSR and 6 storey height limit, furthermore applying affordable housing bonus could provide 2.86:1 FSR & 8 storey height limit unlocking excellent views of Middle Harbour and Sydney CBD from North & South aspect. ULTIMATE INCOME-GENERATING LANDBANK Lease all 6 units for immediate cash flow while holding substantial LMR development upside for future realisation. ACCESSIBLE LOWER NORTH SHORE LOCATION Just 4km* from Sydney CBD and 2km* from North Sydney, with 15-20 minute peak-hour travel and a wealth of local amenity nearby. WALKABLE VILLAGE LIFESTYLE Big Bear Shopping Centre 2 minutes' walk away, with abundant restaurant and caf options along Military Road and vibrant bars on Grosvenor Street. STRONG END-USER DEMAND Neutral Bay continues to attract consistent owner-occupier and investor demand, supported by CBD connectivity, infrastructure, and access to world-class education and employment hubs. *Approximate For sale by Expressions of Interest, closing Tuesday 26th of May 2026 at 4pm (AEST). All parties interested in registering to bid or seeking further information are encouraged to contact the exclusive selling agents.
Property History for 20 Byrnes Ave, Neutral Bay, NSW 2089
- 24 Apr 2026Listed for Sale Contact the exclusive agents
- 26 May 2020Listed for Rent - Price not available
- 07 Dec 2013Sold for $3,462,000
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About Neutral Bay 2089
The size of Neutral Bay is approximately 1.3 square kilometres. There are 20 parks, covering nearly 8.8% of the total area. The population of Neutral Bay in 2016 was 10488 people. By 2021 the population was 10090 showing a population decline of 3.8% in the area during that time. The predominant age group in Neutral Bay is 30-39 years. Households in Neutral Bay are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Neutral Bay work in a professional occupation.In 2021, 45.80% of the homes in Neutral Bay were owner-occupied compared with 44.90% in 2016.
Neutral Bay has 7,248 properties. Over the last 5 years, Houses in Neutral Bay have seen a -6.00% decrease in median value, while Units have seen a 9.97% increase. As at 31 May 2026:
- The median value for Houses in Neutral Bay is $2,920,895 while the median value for Units is $1,238,270.
- Houses have a median rent of $1,290 while Units have a median rent of $780.
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