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NSW › Neutral Bay › Spruson St

10/2 Spruson St, Neutral Bay NSW 2089

For saleApartment

$2,300,000–$2,400,000

For sale

Asking range

3

Bedrooms

2

Bathrooms

1

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $2,300,000–$2,400,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $2,300,000–$2,400,000(Listing record · 10 June 2026)
  • CalculationIf it leased at Neutral Bay's advertised median rent ($783/wk), implied gross yield would be 1.77% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

The ask against the evidence

Asking

$2,300,000–$2,400,000

Asking range

No recorded sale for this property.

Neutral Bay at a glance

10,864

People

No data

Median sale

$783/wk

Median rent

No data

Suburb gross yield

See the full Neutral Bay report →

Total cost to purchase

Based on the low end of the asking range, not a contract price.

Purchase Price
$2,300,000
Stamp Duty (New South Wales)
$108,512
Transfer/Registration Fee
$167
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$2,412,379

$112,379 on top of the price (4.9% extra)

  • Stamp Duty (New South Wales)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: New South Wales schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Based on the low end of the asking range, not a contract price.

Pre-filled with Neutral Bay's advertised median rent — not a rent for this listing.

Net yield
0.27%
Annual cashflow (pre-tax)
$-113,384
Interest cover (DSCR)
0.05
Annual rent
$40,716
Operating expenses
$34,500
Loan amount
$1,840,000
Annual interest
$119,600
Gross yield
1.77%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$2,300,000–$2,400,000available10 June 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

NSW

Why this lot, not just this suburb

Why could this property outperform?

Planning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $783/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 1.8%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. NSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    NSW Valuer General land values are not loaded for this property yet.

  • Net yield / holding costs

    Unknown

    NSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.

Area

Neutral Bay in one glance

Neutral Bay at a glance

10,864

People

No data

Median sale

$783/wk

Median rent

No data

Suburb gross yield

See the full Neutral Bay report →

Keep researching

  • Why Neutral Bay? Read the area thesis →
  • What else is on the market in Neutral Bay →
  • Other records on Spruson St →

Listing material

Listed by Croll Real Estate

IDYLLIC LIFESTYLE - THREE BEDROOM APARTMENT IN GARDEN SANCTUARY A UNIQUE PROPERTY AWAITS ASTUTE BUYERS

This exceptional, fully renovated, spacious three-bedroom apartment offers an enviable low maintenance lifestyle. Astute purchasers will immediately recognise the generous proportions, boasting 132sqm internal space. Apartment access is gained from ground level or the garage by an elevator. Located in a secure building, this first-floor apartment has a welcoming entrance vestibule with ample cloak storage. The expansive open plan living and dining area, flow onto a large, covered balcony - accessed through sliding doors. This extended balcony living space offers sunbathed alfresco entertaining. Consisting of a purpose-built serving bench and a drinks refrigeration, complimented by a backdrop of city and Harbour Bridge views - captivating by day and entertaining by night.

The sunlit kitchen has been designed with a Chef in mind. The kitchen features: a Butler's pantry, moulded Corian benchtops, Blum soft-close cabinetry, induction cooktop, electrical Bosch appliances together with abundant storage space.

The large master bedroom boasts garden views, a purpose designed walk-in wardrobe that maximises space, leading on to a well-appointed ensuite. The two other double bedrooms have bespoke built-in robes, with one bedroom suitable for a home office. The main bathroom has high quality PVD coated fittings, purpose-built cabinetry, heated flooring, integrated laundry with Miele appliances.

Read the full description

The apartment is nestled amongst the meticulous landscaping, verdant grounds and abundant birdlife of the highly desirable 'Southern Cross Gardens'. This unique harbourside property offers carefree, connected living with easy access to local parklands, Sydney Harbour foreshore and only minutes to Neutral Bay Junction, Kirribilli village and North Sydney commercial centre. Transport is a breeze with north and south freeway entry points, harbour ferry routes from Hayes Street Wharf and local buses, including an express CBD service.

This home is completed to the highest standards and suited to purchasers looking for low-maintenance living in a convenient harbourside locale. Perfectly suited to downsizers seeking a residence without compromise.

Additional features include:

• Stunning wide recycled Blackbutt timber floorboards

• New double - glazed windows and sliding doors

• Light ingress from three sides

• Stylish plantation shutters in all bedrooms

• Direct level entry from secure basement parking

• Two secure storage cages

• Extensive secure undercover Visitor parking

All information contained herein is gathered from sources we believe to be reliable. However, we cannot guarantee its accuracy, and interested persons should rely on their own enquiries.

Disclaimer: Images may contain digitally added furniture and styling for presentation purposes only. Furnishings shown are not included with the property.

Listing description written by Lucia Romanos, Croll Real Estate — reproduced as published, not verified by Districts.

Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.