Oceans of light and world class views await in this seaside apartment
A thoughtful floorplan captures more than the sea breeze to take this apartment to the next level
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There’s a reason why Sydney is a world class city. Along with its bustling CBD and thriving satellite cities, it’s a place of unparalleled natural beauty, offering stunning views and exceptional recreational opportunities.
This two-bedroom apartment at 5/150 Ocean Street Narrabeen is in a boutique block just two minutes’ walk from popular Narrabeen Beach on Sydney’s Northern Beaches.
Built circa 2006, the light-filled apartment has been designed to capture the sea breezes and comes with everything required for easy modern living, including built-in robes in the bedrooms, Smeg appliances in the kitchen and beautiful, easy care Caesarstone benchtops.
Located on the upper floor of the two-storey block named Seascape, the apartment has a spacious balcony directly off the living area facing towards the ocean, as well as another balcony at the rear, looking towards Narrabeen Lagoon.
There’s also a large private rooftop ideal for entertaining larger groups of friends or just enjoying the views.
In addition to the living spaces, the property also has a secure undercover car space and storage cage in the basement.
While this would make an ideal home for professionals, it could also be a significant investment opportunity for the right buyer.
Address: 5/150 Ocean Street Narrabeen
Price guide: $1.6m to $1.75m
Next open for inspection: Wednesday, April 26 4.30pm-5.15pm
Agent: Anthony Malek 0467 064 270 Blueprint Property
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Strong rental fundamentals and tight supply have driven more than $155 million in Sydney apartment block and residential investment sales over the past year.
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Sydney’s residential investment market has recorded $155 million in apartment block and townhouse sales over 2025, underscoring continued investor confidence in rental-led assets despite broader economic uncertainty.
The transactions were completed by Knight Frank’s Investment Sales agents James Masselos and Adam Droubi, who negotiated 19 sales across Sydney during the year.
Residential investments accounted for 75 per cent of their total sales activity, supported by more than 4,200 active purchaser enquiries.
Co-living deal sets national benchmark
Among the standout transactions was the off-market sale of 142 Carillon Avenue in Newtown, a 37-studio co-living apartment block located close to the University of Sydney and Royal Prince Alfred Hospital.
The property sold for $21.5 million, setting a new benchmark for the living sectors market nationally.
The deal achieved approximately $581,000 per bedroom, believed to be one of the highest per-bedroom results recorded for a co-living asset in Australia.
Inner-city assets trade in one line
Other notable sales included a group of 12 townhouses at 108 Illawarra Road in Marrickville, sold in one line for $14 million, and a block of 20 studio apartments at 171 Rowntree Street in Birchgrove, which changed hands for $6.7 million.
Both transactions reflected strong buyer competition for well-located residential assets with established income streams.
Supply constraints underpin momentum
Mr Masselos said Sydney’s apartment block market continued to benefit from tight supply and strong rental conditions.
“Apartment blocks and broader residential investments remain a robust asset class, underpinned by strong rental growth, record low vacancy levels and scarcity of stock,” he said.
He added that more than $25 million worth of residential investment opportunities are expected to come to market in 2026, with buyer enquiry remaining elevated.
Mr Droubi said competitive sales campaigns had become a feature of the market as investors sought secure income and long-term value.
“Supply constraints and ongoing population growth underpin market strength,” he said. “New approvals and completions lag demand, keeping stock tight and boosting both rents and prices.”
Vacancy rates keep pressure on rents
According to Knight Frank, rental demand across Sydney remains intense, with vacancy rates well below typical “healthy” levels.
Many middle and outer-ring suburbs are recording vacancies of around 1.5 per cent or lower, maintaining upward pressure on rents and reinforcing the appeal of residential investment assets.
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