Price Guide $3,450,000

This 3-bedroom, 2-bathroom apartment with 1 parking space at 605/160 King Street, Sydney, is priced at $3,450,000. The Sydney CBD market for luxury 3-bedroom apartments is highly competitive and commands premium pricing. Based on comparable properties, particularly the 3-bed, 3-bath, 2-car apartment at $5,500,000 with an estimated rent of $3000/wk, and the 3-bed, 2-bath, 1-car apartment at $2,700,000 (rent unknown but likely lower than the subject property due to its lower sale price), the subject property sits in a mid-to-high luxury segment. Given its King Street address, likely good amenities, and 1 parking space, a realistic estimated weekly rental income is $2000. This estimate is derived by considering the $1450/wk for a 2-bed apartment (Comp 4) and the $3000/wk for a higher-spec 3-bed apartment (Comp 6). The subject property, with 3 beds and 1 car, positions itself between these two. This yields an estimated gross annual rental yield of 3.01% ($2000 * 52 / $3,450,000 * 100), which is typical for premium Sydney CBD apartments where capital growth often outweighs immediate yield. The undervalued score of 55 suggests the price guide is largely in line with market expectations for a property of this calibre in a prime CBD location, though there might be some room for negotiation depending on the property's internal condition and views. The rental yield score of 60 reflects a reasonable but not exceptional yield for a high-value asset in this market. The flip potential score of 70 is strong, as high-end CBD apartments, especially those that might benefit from a modern refresh, can attract significant capital gains, particularly if the current condition allows for value-add renovations. The primary investment strength is its blue-chip location and the consistent demand for luxury rentals in Sydney CBD. Potential risks include the high entry price point, which limits the pool of potential buyers, and the ongoing impact of interest rates on borrowing capacity for high-value properties. My recommendation is to investigate the property's internal condition, views, and building amenities thoroughly. If it presents an opportunity for a cosmetic renovation to elevate its luxury appeal, the flip potential is significant. This analysis is an AI-generated estimate; confidence in the rental estimate is moderate-high given the limited direct 3-bedroom rental comparables but is triangulated effectively using 2-bed and higher-end 3-bed data.