$1,880,000- $1,900,000

This 2-bedroom, 2-bathroom, 1-parking apartment at 3248/65 Tumbalong Boulevard is positioned in the premium Sydney CBD market, known for high demand from both owner-occupiers and renters. The asking price of $1,880,000 is at the higher end for 2-bedroom apartments in the area, but within the expected range given its potential premium location (e.g., Darling Harbour precinct). Comparing it to other 2-bed, 2-bath, 1-car comparables: a similar property sold for $2,285,000 (est. rent $1450/wk), and others without parking or with 1 bath were priced lower. The average price of all comparable properties is $1,843,333, making this property slightly above average but not significantly overvalued given its specific features. Therefore, the Undervalued Score is moderate at 60, indicating it's likely priced fairly for its segment, potentially offering some value if it's a high-quality building or has desirable views/amenities.

Based on comparable rentals, specifically looking at 2-bedroom apartments with 2 bathrooms and parking, we see a range. Comparable 6 (2bed, 2bath, 1car) has an estimated rent of $1450/wk for a sale price of $2,285,000. Comparable 9 (2bed, 1bath, 0car) has an estimated rent of $950/wk for $1,200,000. Given the property's premium location and amenities typically found in such a building, a realistic estimated weekly rent is $1350. This estimate assumes a good quality finish and desirable building features. The confidence level for this rental estimate is moderate to high, as it's directly benchmarked against recent local data for similar property types and bedroom counts. This yields an estimated gross annual rental yield of 3.73% ($1350 * 52 / $1,880,000 * 100), which is typical for prime Sydney CBD apartments where capital growth often outweighs immediate yield. The Rental Yield Score is 55, reflecting this common trade-off.

Flip Potential Score is 70. While the property is an apartment, limiting structural renovations, its age (implied by 'not new listing') suggests potential for cosmetic upgrades to bathrooms, kitchen, and flooring. In a high-value market like Sydney CBD, even minor modernisations can significantly boost appeal and value. The strong demand for premium apartments in this area supports a renovation-and-resale strategy, especially if the current condition is dated. Key investment strengths include the prime location, strong rental demand, and potential for capital appreciation. Potential risks include high strata fees common in premium buildings, and market fluctuations affecting high-value properties. An actionable recommendation would be to investigate strata reports thoroughly for financial health and planned works, and to conduct a detailed renovation cost analysis to confirm flip profitability. This property offers a solid investment for long-term capital growth and consistent rental income, with potential for value-add through renovation.