Affordable Price! Call 0421437682 For Inspection

This 2-bedroom, 2-bathroom, 1-parking apartment in Merrylands presents as a standard investment opportunity within the current market. The listed price is clearly an anomaly ($421,437,682) and has been disregarded for analysis; instead, the analysis assumes a market-appropriate price in line with comparable properties for yield calculation. Based on the provided comparable properties, which all suggest an estimated weekly rent of $580, our estimated weekly rental income for this property is also $580. This estimate is robust given the consistency across five similar listings in the immediate area. This rental rate would translate to an estimated gross annual yield of approximately 4.8% if the purchase price aligns with the average of the comparable properties (assuming the $421,437,682 is a placeholder for a typical market price for such units in Merrylands, which often range from $550k-$650k). This yield is considered solid for an apartment in metropolitan Sydney. The Undervalued Score is set at 50, as without a realistic asking price, it's impossible to gauge its market position accurately; it's assumed to be priced at market value. The Rental Yield Score of 65 reflects the healthy yield potential indicated by the comparable data. The Flip Potential Score of 60 is moderate; while apartments generally have less scope for significant value-add through renovation compared to houses, a cosmetic refresh could still enhance appeal and rental income in a growing suburb like Merrylands. Key investment strengths include a consistent rental market as evidenced by the comparable data, a desirable bedroom/bathroom configuration, and good parking. Potential risks include the uncertainty around the actual sale price and the general market conditions for apartments, which can be susceptible to oversupply in certain growth corridors. An actionable recommendation would be to ascertain the true asking price immediately and conduct thorough due diligence on the building's condition and strata reports. The confidence level for the rental estimate is high due to the strong comparable data, while the other scores carry a moderate confidence level, pending the actual sale price.