Currently listed — $630,000 ▼ Reduced 6.7% · $45k · 3 days ago
2 bed · 1 bath · ApartmentUnitFlat
Asking price cut 6.7% ($45k, from $675,000 to $630,000) 3 days ago. The vendor has already moved once: negotiate below the NEW asking, not at it.
The Property Brief — what the evidence shows. You draw the conclusion.
What we've tracked
- 15 Aug 2026 first tracked by our radar (the portal doesn't publish its list date)
- 19 Aug 2026 asking $675k
- 25 Aug 2026 price cut $45k — to $630k
- 28 Aug 2026 on market 13+ days — first tracked by us, a lower bound
Comparable auction sales
| Address | Config | Sold | When |
|---|---|---|---|
| 1003/2 Cowper St | 2 bd · 2 ba | $1.71M | Sept 2025 |
| 712/1 Stirling St | 2 bd · 2 ba | $1.56M | June 2025 |
| 20/9A Cook St | 2 bd · 1 ba | $1.08M | June 2025 |
| 202/11 Wentworth St | 2 bd · 2 ba | $1.52M | May 2025 |
Suburb risk flags
crime index: 100 — well above sydney average · 24 min walk to Rozelle Bay Light Rail · ~20 min light rail to the CBD · light rail ~every 6 min at peak
Where every number comes from
- Comps: published Domain auction results for Glebe — suburb × configuration matches, not hyper-matched to this address
- Evidence trail: tracked by our radar from portal listings, web-archive checks and published auction results — each entry dated
- Risk flags: suburb-level overlays (BOCSAR crime, flood/bushfire intel, aircraft bands, GTFS transit) — NOT a per-parcel assessment
⏱ Days on market — this campaign
13 days since our daily sweep first saw this listing.
The portal's own campaign may have started slightly earlier than our first sighting. Longer campaigns tend to mean more negotiating room — the board's "Longest listed" sort exists for exactly that reason.
Rent evidence — asking vs transacted, Glebe · postcode 2037
$898–$1250/wk is what 2-bed units in 2037 actually transact for (middle half of 83 bonds lodged, Q2 2026 · median $1140/wk — NSW Fair Trading, CC BY).
2019Q1 → 2026Q2: $580 → $835/wk · +7% over the last 12 months (latest four quarters averaged against the previous four) — quarterly new-tenancy medians for units in 2037, all bedroom counts pooled.
Asking rents are what agents hope for; bond figures are what tenants actually signed at (NSW Fair Trading bond lodgements, CC BY). No yield % is derived here: each rent above is a different grain from this home's price, and a ratio of two grains reads as precision it doesn't have. New-tenancy rents run hotter than sitting rents. Not financial advice.
Growth trend — Glebe units at auction
Too few same-bed sales for a measured growth rate yet. Recent quarterly sold medians (all unit sizes — thin samples move these):
2024Q3 $920k (7) · 2024Q4 $1095k (7) · 2025Q1 $1300k (5) · 2025Q2 $974k (10)
Suburb-level, from published auction results. No single building has enough sales for a block-level series, so this is the honest grain; sales-mix shifts move raw medians, and the measured rate (when shown) controls for bed count.
Agencies' own published sales nearby — Glebe, around 2 beds
| Address | Sold | Price | Beds | Agency |
|---|---|---|---|---|
| 325/14 Griffin Place | 13 Aug 2026 | $1,795,000 | 2 | Harris Partners |
| 7/11 Rosebank Street | 10 Nov 2025 | $1,600,000 | 3 | Harris Partners |
| 3/44 Boyce Street | 27 Sept 2025 | $550,000 | — | Harris Partners |
| 58/51 Hereford Street | 27 Oct 2024 | $370,000 | 1 | Harris Partners |
| 11/23-25 Cook Street | 16 Oct 2024 | $1,880,000 | 3 | Harris Partners |
Prices as published on the selling agency's own website (their sold pages) — includes private-treaty sales the auction results never see. Only sales the agency chose to publish a figure for appear here.
Similar properties — on the market now
The 6 listings above are on the market now: same unit category, within 1 bedroom of 2, asking within 20% of this one, in Glebe or a suburb whose centre is within 3 km — ordered by how close the asking price is. That is the whole rule: a filter, not a recommendation, and nothing here judges which home is better.
Sale history — the official settled-sale record at this address
| Exchanged | Price | Change since prior sale |
|---|---|---|
| 30 Jan 2015 | $460,500 | — |
Settled-sale records from the NSW Valuer General's Property Sales Information. Dates are contract (exchange) dates; sales appear only once lodged, so the most recent months are incomplete and revise upward — never read the latest month as final. Two entries on one date are usually a single transaction recorded across parts. © State of New South Wales (Valuation NSW).
Planning & zoning — R1 General Residential
A mix of housing types — houses through to apartments — permitted.
Heritage conservation area — St Phillips. The property sits in a heritage conservation area — the streetscape is protected, so visible/external changes are controlled. It's area-wide, not this building specifically; it tends to preserve character and value.
Height limit 9m (≈ 2 storeys) — the current legal ceiling for new building at this point under the LEP. Any proposal above it needs a variation or a rezoning — the kind of change the fast-track pipeline tracks.
Floor space ratio 1.25:1 — the maximum gross floor area you can build is 1.25:1 times the site area.
Strata plan SP11775 — A strata-titled scheme — the parcel area is the WHOLE scheme's land, not this unit's. From the NSW cadastre at this address's geocoded point.
Zone R1 (General Residential) under the SYDNEY LEP · heritage from the NSW Heritage Map layer, from the NSW ePlanning layers at this address's geocoded point — a guide, not a parcel-level legal check. Confirm the exact lot at the NSW Planning Portal.
Development applications — at & near this address
| Where | Proposal | Status | Outcome | Est. cost | Lodged |
|---|---|---|---|---|---|
| ~16 m · 34 Wentworth Street Glebe 2037 | Residential Flat Building, Alterations Or Additions To An Existing Building Or Structure · 1 new dwelling | Withdrawn | not on record | $1.73M | 2025-05-14 |
| ~46 m · 32 St Johns Road Glebe 2037 | Secondary Dwelling, Erection Of A New Structure · 1 new dwelling | Determined | not on record | $185k | 2024-08-09 |
| ~61 m · 14 Wentworth Park Road Glebe 2037 | Demolition, Residential Flat Building, Erection Of A New Structure · 40 new dwellings | Withdrawn | not on record | $32.54M | 2026-03-31 |
| ~61 m · 14 Wentworth Park Road Glebe 2037 | Residential Flat Building · 40 new dwellings | In Progress | not on record | $32.54M | — |
| ~75 m · 11 Darghan Street Glebe 2037 | Dwelling House, Alterations Or Additions To An Existing Building Or Structure · 1 new dwelling | Determined | not on record | — | 2025-06-23 |
| ~98 m · 8 Darghan Street Glebe 2037 | Alterations And Additions To Residential Development · 1 new dwelling | Determined | Approved | $250k | 2020-09-28 |
Development application data © NSW Department of Planning and Environment, used under CC BY 4.0. Matched at this exact address or within ~150 m of its geocoded point — proximity evidence, not a parcel-level check. Lodged means proposed, not approved or built. Outcome comes from a separate NSW dataset that stops in Nov 2023: applications determined after that, or still undetermined, read “not on record” — which means we don't know, never that it was refused. “Status” is the council's own workflow state and “Determined” on its own does not say which way it went. Verify any application on the NSW Planning Portal.
Construction risk — what no listing tells you
Building Commission NSW / Strata Community Association 2023 Strata Defects Survey: 53% of newly registered strata buildings reported at least one serious defect in common property (39% in the 2021 survey). Defects are common, not exceptional — and new does not mean safe (Opal Tower was under a year old).
Get an independent structural and strata inspection before you commit — the defect base rate makes it the single highest-value dollar in the purchase.
We cannot see inside a building — no one can from public records. This section states base rates and observable adjacency only, and will never call a building safe.
The building — its registered strata scheme
Strata plan SP11775 registered 1977 — the building is at least 49 years old · 155 lots in the scheme (large scheme — expect facilities and higher levies).
Registration is an age floor, not a build date — a converted building is older than its strata plan. Scheme records from the NSW Strata Hub. © State of New South Wales (Spatial Services, a business unit of the Department of Customer Service NSW). For current information go to spatial.nsw.gov.au.
What's changing in Glebe — recent local signals
2026-07-13 — Education invest — 2 AVENUE ROAD GLEBE 2037 ($14095k) (institutional-signals.json (PAN-654365, OnlineDA))
Dated public signals compiled for this suburb — openings, closures, site sales and institutional moves. Facts with sources, not forecasts.
School catchments
Glebe PS (primary) · SSC Balmain (secondary)
7 primary schools within 2 km · ICSEA ~1109 — the socio-educational advantage of the school community (My School, national average ~1000): a demographic measure, never a results or quality score.
NSW DoE intake zones at this address's geocoded point — tighter than a suburb-level guess, but geocodes carry a few metres of error and boundaries change with reviews. Verify the exact address at School Finder. Intake zones cover government schools only.
Want the numbers agents don't volunteer?
Check any Sydney suburb free — Market Mint market-conditions readout, live median, clearance trend and the price model — at aipropertyeye.com. No sign-up for the suburb check; the full board is 7 days free.
Data from published auction results (Domain) and live portal listings. Estimates are never valuations or financial advice. Own this home and want a result corrected? hello@aipropertyeye.com.