5/44 Ocean Street, Penshurst, NSW 2222

$695,000

Apartment
Type
2
Bedrooms
1
Bathrooms
1
Parkings

Last updated on Wednesday, June 17, 2026 ( See property details for 5/44 Ocean Street, Penshurst, NSW 2222)

$689,000

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

This well-presented two-bedroom apartment offers a relaxed lifestyle with spacious living, a wide balcony, and secure parking, all within walking distance to Penshurst’s vibrant shopping and dining precinct.

🏡 Property Highlights

  • Peaceful leafy outlook and tranquil garden surrounds
  • Generously proportioned bedrooms with built-in robes
  • Spacious tiled living area opening onto a wide balcony
  • Stylish kitchen with ample storage and separate dining
  • Secure intercom entry and internal laundry
  • Lock-up garage included

✨ Key Features

  • Built-in Robes
  • Outdoor Area / Balcony
  • Internal Laundry
  • Garage / Secure Parking
  • Open-Plan Living
  • Security Screens / Gates
  • Fly Screens
  • Waterfront / Views
  • NBN / High-Speed Ready
  • Low-Maintenance Yard

Penshurst is a vibrant suburb renowned for its convenient location, diverse shopping and dining options, and excellent transport links. Residents enjoy a peaceful environment with leafy streets, easy access to local parks, and a strong community vibe. The area offers a mix of modern apartments and family homes, making it ideal for both investors and owner-occupiers. Proximity to schools, public transport, and amenities ensures a highly desirable lifestyle.

What are the current lease terms and rental income?
The property is currently leased to quality tenants at $585 per week, providing a reliable income stream.
What amenities are nearby?
The apartment is within easy walking distance to Penshurst’s shopping and dining precinct, as well as public transport options.
Is the apartment suitable for investment purposes?
Yes, with a strong rental income and a desirable location, this apartment is an excellent investment opportunity.
What are the strata fees and rates?
Strata rates are approximately $895 per quarter, council rates are about $429 per quarter, and water rates are around $210 per quarter.
Are there any recent renovations or upgrades?
The property features a stylish kitchen and spacious living areas, though specific recent upgrades are not detailed.
Are there any upcoming strata fee increases or special levies planned? Is the property compliant with all building and safety regulations? Are there any known issues with the building or common areas? What are the zoning restrictions or future development plans in the area? Is there any history of flooding or bushfire risk in the vicinity? Are there any planned construction projects nearby that could affect living conditions? What are the terms of the current lease, and is there scope for vacancy or rent increase? Are there any easements or covenants affecting the property? What are the long-term maintenance costs associated with the building? Is the property part of a strata scheme with any restrictions or special conditions?

5/44 Ocean Street, Penshurst, NSW 2222 - More Details

$695,000

Type
Apartment
Bedrooms
2
Bathrooms
1
Parkings
1

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