13/35-39 Balmoral StreetWaitara NSW 2077
Property Details for 13/35-39 Balmoral St, Waitara
13/35-39 Balmoral St, Waitara is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2016. While the property is not currently for sale or for rent, it was last sold in April 2025. There are other 2 bedroom Unit sold in Waitara in the last 12 months.
Last Listing description (April 2025)
SOLD BY SALIBA
Built in 2016 - 3539 Balmoral Street quickly became a popular address due to its modern design and location within the Waitara Public School catchment.
In line with many newer buildings from that era, some construction issues later emerged - including waterproofing and fire safety concerns. Rather than delay, the Owners Corporation took swift action, enrolling in Project Remediate, a NSW Government initiative offering interest-free loans to fix building defects.
Throughout 2024, the building began a full transformation: the cladding replacement has been completed, with balcony upgrades, waterproofing, and fire safety improvements currently underway and set to be brought up to code under expert supervision.
The works were completed in January 2025, with a defect liability period running through July, giving new owners confidence in a fully remediated, future-ready home.
Why It's Priced Below Market Value:
-All major defects have been professionally rectified under Project Remediate
-A government-backed, interest-free loan is in place to cover the remediation costs
-Certificate of Practical Completion issued in January 2025, confirming work is finished
-A 6-month defect liability period is active until July 2025, ensuring continued oversight
-The building is now fully compliant with fire safety and waterproofing standards
Now, the hard part's done - and this apartment is ready to enjoy. You're buying a fully compliant, future-proofed apartment, in a building that's had more oversight and upgrades than most.
Quarterly Strata Levies:
Admin Fund: $920.85
Capital Works: $329.80
Special Levy (Loan Repayment): $1,493.37
Total per quarter: $2,744.00
Government loan is interest-free until 2034
Investment Breakdown $600,000 Sale Price Example:
Estimated Rent: $700/week
Annual Income:$36,400
Annual Strata (incl. loan levy): $10,976
Net Income (Pre-tax):$25,424
Gross Rental Yield: 6.06%
Comparing this to Sydney's Average Rental Yields:
-Overall Sydney Average: In 2025, the average rental yield for houses in Sydney is approximately 2.6%, and for units, it was 3.9%.
For further details or to arrange an inspection, please contact Anthony Chau on 0449 551 682 and Josh Saliba on 0400 231 424.
We have obtained all information in this document from sources we believe to be reliable, however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.
Property History for 13/35-39 Balmoral St, Waitara, NSW 2077
- 23 Apr 2025Sold - Price Undisclosed
- 13 Feb 2025Listed for Sale $549,000
- 23 Sep 2021Listed for Rent - Price not available
Recent sales nearby
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0About Waitara 2077
The size of Waitara is approximately 0.7 square kilometres. It has 6 parks covering nearly 7.0% of total area. The population of Waitara in 2016 was 5941 people. By 2021 the population was 7837 showing a population growth of 31.9% in the area during that time. The predominant age group in Waitara is 30-39 years. Households in Waitara are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Waitara work in a professional occupation.In 2021, 47.50% of the homes in Waitara were owner-occupied compared with 49.30% in 2016.
Waitara has 4,021 properties. Over the last 5 years, Houses in Waitara have seen a 44.28% increase in median value, while Units have seen a 14.29% increase. As at 31 December 2025:
- The median value for Houses in Waitara is $2,174,150 while the median value for Units is $775,379.
- Houses have a median rent of $700 while Units have a median rent of $690.
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