302/53 Merton St

Off Market

302/53 Merton St

Sutherland NSW 2232

91 m²

110 m²

Apartment

Joshua Singer, last sold this property on 04 May 2026 after 70 days on market.

Overview

Buy Below Market – Priced to Reflect Current works on complex , Packed with Upside

This well-positioned apartment represents a standout opportunity for buyers who understand value and long-term upside. Why this is a smart buy: - Purchase price already adjusted to reflect current levies - Majority of levy contributing to long-term building improvements - No surprise special levies - funding already structured and in place - Opportunity to benefit from future capital growth as works progress - Strong rental potential of approx. $650 per week - If you are an investor all levies are fully tax deductible For buyers who can see beyond the short-term perception, this is a strategic entry into the market with built-in upside. Strata levies are currently approximately $5,709 per quarter, Broken up to three parts which include per Qtr : Standard Strata : $1800 Loan repayment for special levy : $1377.20 Water penetration & Fire safety upgrades: $2531.93 Importantly, these costs are tied to funded capital works including water penetration repairs and fire safety upgrades, with a clear plan in place and no uncertainty around future funding. Fees during the repayment structure is spread over time (currently scheduled through to 2039 which could finish earlier depending the work schedule ideally aiming to be completed before Xmas 2026 The property has been priced to reflect this, creating a rare opportunity to secure an apartment significantly below comparable market value.

Features

2 bedrooms

1 bathroom

1 carspace

1 open car space

91 m² floor area

110 m² lot size

Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Sutherland over the last 12 months, the estimated median property value of 302/53 Merton St is $826k.

Median value

$826k

Estimated value range

$470k - $1.01m

Median days on market

Estimated value trend

increase over the last 12 months

Average days on market is based on recent, comparable sales in Sutherland. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 302/53 Merton St

2026

Sold

Undisclosed

04 May 2026 by Joshua Singer, of The Agency Sutherland Shire

2021

Rented

Undisclosed

Leased on 06 Nov 2021 by Sanders Property Agents

2019

Rented

Undisclosed

Leased on 21 Feb 2019 by Sanders Property Agents

Happy sellers in Sutherland

86%

86% of sellers in Sutherland reported that their sale price either exceeded or met their price expectations.

Sutherland stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 48 reviews in Sutherland over the last 12 months.

Local market activity for 2 bedroom apartments in Sutherland

In the last 12 months, 139 two-bedroom apartments similar to 302/53 Merton St, have been sold.

This represents a 20% increase in two-bedroom apartments sales when compared to the previous 12 months.

Sold

For Sale

For Rent

Interested in selling?

People are reaching out to these agents in Sutherland for a free market appraisal.

Sebastian Viteri

at Sanders Property Agents

4.9

(490 reviews)

Get a free market appraisal

John Haidar

at Kore Property Group

(506 reviews)

Get a free market appraisal

Chris Lechowicz

at Ray White Sutherland Shire

(247 reviews)

Get a free market appraisal

Michelle Michell

at Elders Real Estate Sylvania

(44 reviews)

Get a free market appraisal

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Sutherland

Sebastian Viteri

Sellers who recommend Sebastian Viteri have praised them for being clear communication, local expert, supportive, honest, friendly, responsive and reliable