$2,285,000

This 2-bedroom, 2-bathroom apartment at 2205/129 Harrington Street, Sydney, is listed at $2,285,000. The Sydney CBD market for apartments, particularly in premium buildings like this one (likely with a Harrington Street address), typically commands higher prices and rents. Comparing to the provided data, a 2-bed, 2-bath apartment with parking is a strong offering. Comparable property #3 (2bed, 1bath, 0car) is $1,200,000 with an estimated rent of $950/wk. Comparable property #5 (2bed, 2bath, 0car) is $1,550,000. Comparable property #7 (2bed, 2bath, 2car) is $2,800,000. Given the subject property has 2 beds, 2 baths, and 1 parking, it sits well within this range. The estimated weekly rental income is $1,450. This estimate is based on the property's premium location, 2-bedroom, 2-bathroom configuration, and the inclusion of parking, which is a significant advantage in the Sydney CBD. It's a conservative estimate considering the $950/wk for a 2-bed, 1-bath without parking, and the $3000/wk for a 3-bed, 3-bath with 2 cars. A 2-bed, 2-bath with 1 car in a desirable building like this would realistically achieve between $1,350 and $1,550 per week. The estimated gross annual rental yield would be approximately 3.3% ($1450 * 52 / $2,285,000 * 100). This yield aligns with typical premium Sydney CBD apartment yields, which are often lower due to high capital values. Key investment strengths include its prime CBD location, desirable bedroom/bathroom count, and included parking. These features contribute to strong tenant demand and potential for capital appreciation over the long term. The property appears to be priced reasonably within the current market for its specifications, though the Sydney CBD market can be volatile. Potential risks include the high entry price point and the relatively modest rental yield for some investors. The estimate confidence level is moderate to high, given the comparable data points, but specific building amenities and views could push the rent higher. An actionable recommendation would be to investigate the specific building amenities, strata fees, and recent sales within the same building to refine the valuation and rental estimate further.