A studio apartment at Unit 17/49-51 Cook Road, Centennial Park has sold for $475,000 through Nicholas of Century 21 Armstrong-Smith in Bondi Junction, with the private treaty campaign generating multiple enquiries and triggering two additional sales.
The result reflects Nicholas’s 20-year sales history in the Cook Road complex, where intimate knowledge of buyer preferences and building features allowed him to position the studio’s rooftop terrace access and parkside location as premium assets despite the absence of parking.
Presentation and location drive interest
Nicholas said the vendors invested in new paint and floorboards before listing, creating immediate visual appeal that supported the $475,000 price point in a market where Centennial Park apartments enter the market at $448,000, according to view.com.au data.
“The property was presented beautifully with new paint and floorboards,” Nicholas said.
“The location – footsteps to Centennial Park – and the communal rooftop terrace with tremendous views all the way from the city of Sydney around to Botany Bay sealed the deal.”
The studio apartment includes one bathroom and no car space, with the building’s rooftop terrace offering uninterrupted views across Sydney’s eastern skyline.
Building expertise creates ripple effect
Nicholas’s longstanding presence in the 49-51 Cook Road complex resulted in the sale becoming a catalyst for additional transactions, with two other properties in the building selling during the same campaign period.
“We received interest from several parties throughout the campaign and sold two other properties in the building during the sale campaign for this property,” he said.
Vendor Stephen highlighted Nicholas’s communication and follow-through in a testimonial.
“I have had a longstanding business relationship with Nicholas and Century 21 Armstrong-Smith,” Steven said.
“I have purchased and sold property successfully above my expectations with the support of Nicholas. He is an excellent communicator who always follows up our conversations and gets back to me with advice and solutions in a timely manner.”
Market context
The $475,000 result positions the sale perfectly aligned to Centennial Park’s studio apartment price spectrum, with Domain reporting strong clearance rates and high buyer competition across the 2021 postcode. The suburb’s 4.1 per cent rental yield and proximity to parkland continue to attract both owner-occupiers and investors.
About the agent
With more than two decades in real estate, Nicholas Armstrong-Smith of Century 21 Armstrong-Smith in Bondi Junction has built a stellar reputation for hard work, diligence and results – underpinned by longstanding client relationships and a strong network of repeat buyers and sellers. A six-time Century 21 Centurion Award winner placing him among the top 2 per cent of Century 21 sales agents worldwide, Nicholas leads Century 21 Armstrong-Smith in Bondi Junction alongside his wife Shona. Visit Nicholas’ website or call Nicholas on +61419273703.
