READY TO INSPECT TILL 8PM

This 3-bedroom, 2-bathroom apartment in Schofields presents as a solid investment opportunity, particularly for rental yield. The listed price 'READY TO INSPECT TILL 8PM' (numeric: $8) is clearly a placeholder, making a direct undervalued assessment challenging. However, by comparing it to similar 3-bedroom units in Schofields, we can infer its market position. Comparable property #2, a 3-bed, 2-bath, 2-car unit, is priced between $740,000-$780,000 with an estimated rent of $680/week. Comparable property #6, a 3-bed, 3-bath, 2-car unit, is listed at $999,990 with $680/week rent. Given the subject property has 3 beds, 2 baths, and 1 car space, it aligns closely with comparable #2 in terms of core features. Therefore, a realistic sale price would likely fall in the $700,000 - $750,000 range. Based on this, the estimated weekly rental income for this property is $670, a conservative estimate slightly below the $680/week for similar 3-bedroom units, accounting for potentially one less parking space compared to some comps. This estimate is grounded in the provided comparable rental data for 3-bedroom apartments in Schofields. At an assumed purchase price of $750,000, this yields an estimated gross annual rental yield of approximately 4.2% (670 * 52 / 750000 * 100), which is competitive for the Sydney apartment market. The confidence level for the rental estimate is high due to strong comparable data, but the yield estimate has moderate confidence due to the unknown purchase price. Key investment strengths include the strong rental demand in Schofields, evidenced by the comparable rents, and the property type (apartment) which generally appeals to renters. The area is also undergoing significant development, suggesting potential for future capital growth. Potential risks include the unknown actual purchase price, which could significantly alter the yield, and the general market sentiment for units in a rising interest rate environment. An actionable recommendation is to investigate the actual asking price or recent sales of similar 3-bedroom units in the specific building or immediate vicinity to firm up the undervalued score and yield calculation. If the price is below $750,000, it could represent a very strong buy.