$875,000

This 1-bedroom apartment at 1006/2 Bond Street, Sydney, priced at $875,000, sits within the mid-range for 1-bedroom apartments in the highly sought-after Sydney CBD market. Comparing it to similar 1-bedroom, 1-bathroom, 0-parking comparable properties, we see prices ranging from $630,000 (Comp 1) to $1,300,000 (Comp 3) and $750,000 (Comp 9), and $850,000 (Comp 15). The subject property's price of $875,000 is slightly above the lower end but well below the higher end for similar configurations, suggesting it's reasonably priced, potentially offering some value given the premium location. This contributes to a good Undervalued Score of 75, indicating it is not significantly overpriced and may offer fair market value, especially considering the competitive nature of the Sydney CBD market. The lack of parking is common for CBD apartments and is reflected in the comparable prices. The Sydney CBD rental market is robust with high demand and low vacancy rates for well-located apartments. Based on comparable 1-bedroom apartments, we observe estimated rents of $680/week (Comp 1 & 6), $750/week (Comp 3), and $650/week (Comp 9). Given the property's address on Bond Street, a prime CBD location, and assuming a good internal condition, an estimated weekly rent of $700 is realistic. This estimate is slightly above the average of the most relevant comparables, reflecting the strong rental market. This leads to an estimated gross annual rental yield of approximately 4.16% ($700 x 52 / $875,000 x 100). This yield is respectable for the Sydney CBD, which typically sees lower yields due to high property values, hence a Rental Yield Score of 60. The Flip Potential Score of 70 is moderate to high. While the property appears to be in a good location, the potential for significant capital growth through renovation depends on its current condition and the scope for value-adding improvements. Sydney CBD properties generally hold their value well and benefit from long-term growth trends. However, being an apartment, the scope for major structural changes is limited. An investor would need to assess the internal condition for cosmetic renovation potential. The overall investment score of 68 reflects a solid, albeit not exceptional, investment opportunity, primarily driven by the strong location and rental demand. My confidence level in these estimates is moderate to high, given the direct comparable data available, but actual outcomes can vary based on market fluctuations and specific property condition. An actionable recommendation would be to conduct a thorough due diligence on the building's strata report and the apartment's internal condition to identify any immediate maintenance needs or renovation opportunities that could further enhance rental income or resale value.