For Sale $4,999,888

This 3-bedroom, 2-bathroom apartment in Barangaroo is listed at a premium price of $4,999,888. The single comparable property provided is a 2-bedroom apartment that sold for $2,700,000. While the comparable is a 2-bedroom unit, the significant price difference ($2.3M) suggests the subject property, being a 3-bedroom and likely larger/more luxurious, is positioned at the very high end of the market. Its 'not new listing' status and lack of auction could indicate some market resistance at this price point. Given Barangaroo's prestige, high demand for luxury rentals, and limited supply of such large apartments, rental demand is strong. Based on the comparable 2-bedroom renting for $2,500/week, a 3-bedroom, high-end apartment in this prime location could realistically command $3,500 per week. This estimate considers the additional bedroom, premium address, and typical luxury rental rates in Sydney's CBD fringe, but acknowledges the limited comparable data for 3-bedroom units specifically. My confidence level for this rental estimate is moderate-high, as Barangaroo is a well-established luxury rental market. The estimated gross annual rental yield would be approximately 3.64% ($3,500 * 52 / $4,999,888 * 100). This yield is respectable for a high-value, blue-chip Sydney asset, though not exceptionally high. The undervalued score is low (40) as the price seems to reflect its luxury positioning, and the limited comparable data makes it hard to argue it's significantly undervalued. The flip potential score is moderate (60); while Barangaroo is a growth area, the high entry price means any renovation would need to be extremely high-end to justify further capital appreciation, though minor cosmetic updates could enhance rental appeal. Key investment strengths include its prime location, strong rental demand for luxury properties, and potential for long-term capital growth in a highly desirable precinct. Potential risks include the very high purchase price limiting the pool of buyers/renters, and the yield being lower than some other investment types. The recommendation is to proceed with caution, conducting thorough due diligence on recent 3-bedroom luxury apartment sales in Barangaroo to confirm market value and ensure the asking price aligns with the current market. This property is suited for an investor seeking a blue-chip asset with strong capital growth potential rather than immediate high cash flow.